Welcome to our dedicated page for ArcelorMittal news (Ticker: MT), a resource for investors and traders seeking the latest updates and insights on ArcelorMittal stock.
ArcelorMittal reports news on its integrated steel and mining operations, including quarterly results, steel shipments, iron ore production, working capital, debt and capital allocation. Company updates also cover regional steel-market conditions, operating capacity, electric-arc furnace investments, and product demand from automotive, engineering, construction, machinery and packaging customers.
Recurring corporate news includes Annual General Meeting and Extraordinary General Meeting materials, dividend actions, share buybacks and share cancellations, director elections, statutory financial statements, Form 20-F annual reporting, sustainability reporting, safety transformation, decarbonisation initiatives, analyst-consensus publications and designated-person share-transaction notifications under EU market abuse rules.
ArcelorMittal reports a share transaction following its share buyback program launched on 29 July 2021. A Designated Person has confirmed a transaction available on the Luxembourg Stock Exchange and ArcelorMittal’s website. This transaction ensures that a Significant Shareholder maintains a 36.34% voting right in the company’s share capital, net of treasury shares. Details of the buyback program can be found on the investor relations section of the ArcelorMittal website.
ArcelorMittal has announced the appointment of Stefan Buys as Executive Vice President and CEO of ArcelorMittal Mining, effective October 1, 2021, following the retirement of Simon Wandke. Buys brings extensive experience from his previous role as managing director of Pilbara Mining at Rio Tinto and has held key positions at BHP and Xstrata. CEO Aditya Mittal expressed confidence in Buys' capability to lead the global mining sector, focusing on digital transformation and decarbonization.
In 2020, ArcelorMittal generated revenues of $53.3 billion.
On September 28, 2021, ArcelorMittal announced a notification regarding a share transaction by a Designated Person, as per the Market Abuse Regulations. This transaction links to the company's share buyback program initiated on July 29, 2021. A Significant Shareholder has engaged in a share repurchase agreement to sell shares, ensuring their voting rights in ArcelorMittal remain at 36.34%. Details about the buyback program are available on ArcelorMittal's investor relations website.
ArcelorMittal Belgium has committed to reducing CO2 emissions by 3.9 million tonnes annually by 2030 through a €1.1 billion investment in a 2.5 million-tonne direct reduced iron (DRI) plant and two electric furnaces at its Gent site. The DRI plant will utilize natural gas and hydrogen, drastically cutting emissions compared to traditional methods. This initiative aligns with ArcelorMittal's goals of achieving carbon neutrality by 2050, contributing significantly to a 35% reduction in emissions intensity in Europe by 2030.
On September 22, 2021, ArcelorMittal announced the cancellation of 50 million treasury shares, following approval from its Extraordinary General Meeting on June 8, 2021. This action is aimed at maintaining appropriate levels of treasury shares and follows a previously announced US$2.2 billion share buyback initiated on July 29, 2021. Post-cancellation, the total number of shares in circulation will be 982,809,772, down from 1,032,809,772. Additional details about the share buyback can be found on ArcelorMittal's corporate website.
ArcelorMittal announces a share transaction involving a Designated Person, as per Market Abuse Regulations. This transaction relates to the company's share buyback program initiated on 29 July 2021. A Significant Shareholder has agreed to sell shares to maintain their voting rights in ArcelorMittal’s capital at 36.34%. More details can be found in the Luxembourg Stock Exchange database and on ArcelorMittal's corporate website under the Investors section.
ArcelorMittal has announced a commitment of $100 million over five years to Breakthrough Energy's Catalyst program, aimed at accelerating the transition to zero-carbon steelmaking. This partnership focuses on clean technologies such as direct air capture, green hydrogen, long-duration energy storage, and sustainable aviation fuel. The investment will be channeled through ArcelorMittal's XCarb™ innovation fund, which also includes prior investments in renewable energy initiatives. The CEO emphasized the critical need for affordable clean energy to achieve net-zero emissions by 2050.
On September 14, 2021, ArcelorMittal disclosed a share transaction linked to its buyback program initiated on July 29, 2021. A significant shareholder entered a share repurchase agreement to maintain their voting rights at 36.34% in ArcelorMittal’s capital. The transaction details can be reviewed in the Luxembourg Stock Exchange's OAM database and on ArcelorMittal’s corporate site under the Investors section.
On September 10, 2021, the Republic of Liberia and ArcelorMittal signed an amendment to the Mineral Development Agreement, enabling an expansion of mining and logistics operations. This $0.8 billion project will significantly increase premium iron ore production, initially ramping up to 15 million tonnes per annum by late 2023. The expansion is set to create over 2000 jobs and enhance local training programs. Notably, ArcelorMittal has invested over $1.7 billion in Liberia in the past 15 years, positioning itself as the largest foreign investor in the country.
On September 7, 2021, ArcelorMittal announced a share transaction notification related to its share buyback program initiated on July 29, 2021. This action is crucial as it allows a significant shareholder to maintain a voting rights level of 36.34% in the company's capital. The details of the transaction can be accessed through the Luxembourg Stock Exchange's electronic database and ArcelorMittal’s official websites. The notification is part of the company's compliance with Market Abuse Regulations, ensuring transparency in share dealings.