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 has announced the completion of its second investment in the XCarb™ innovation fund, leading a $200 million Series D financing round for Form Energy with a $25 million equity investment. Form Energy specializes in low-cost energy storage technology, unveiling a new iron-air battery that is significantly cheaper and offers multi-day reliability. The investment includes a joint development agreement for ArcelorMittal to supply iron for the battery technology. The XCarb™ fund aims to invest up to $100 million annually in technologies for carbon-neutral steelmaking.
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ArcelorMittal has released the second quarter 2021 EBITDA consensus estimates, indicating a projected EBITDA of $4,668 million based on the aggregated forecasts of approximately 15-20 analysts. This data is compiled by Vuma Financial Services, an independent firm that tracks estimates from sell-side analysts. It’s important to note that ArcelorMittal did not influence these estimates and holds no responsibility for their accuracy. The consensus provides insights from various brokers including Barclays and Goldman Sachs among others.
ArcelorMittal has announced plans for its Sestao plant in Spain to become the world’s first full-scale zero carbon-emissions steel plant by 2025. This initiative includes a €1 billion investment for a green hydrogen direct reduced iron (DRI) plant in Gijón and a new hybrid electric arc furnace (EAF). The Sestao facility aims to produce 1.6 million tonnes of zero carbon-emissions steel by using recycled scrap and renewable electricity, while introducing emerging technologies to minimize fossil fuel reliance.
ArcelorMittal has signed a €1 billion memorandum of understanding with the Spanish Government to fund decarbonisation technologies at its Gijón plant. This initiative aims to reduce CO2 emissions by 4.8 million tonnes, or about 50%, over five years. The project includes a 2.3 million-tonne green hydrogen DRI unit and a 1.1 million-tonne hybrid EAF, expected to be operational by 2025. This will make ArcelorMittal's Sestao plant the first full-scale zero carbon-emissions steel plant globally. The plan's success depends on affordable hydrogen and government support.
ArcelorMittal has successfully completed its third share buyback program, as announced on July 7, 2021. The program, initiated on June 18, 2021, involved the repurchase of 24,458,524 shares at a total cost of approximately €630.36 million (or US$750 million), with an average price per share of €25.77. This strategic move aims to enhance shareholder value and reflects the company's confidence in its financial position. For more details, visit the company's website.
ArcelorMittal announced a share transaction in compliance with EU Market Abuse Regulations on July 7, 2021. This transaction is associated with the company's share buyback program initiated on June 18, 2021. A significant shareholder has agreed to sell shares to maintain their voting rights at 36.34%. Details of the transaction and buyback program can be accessed on the Luxembourg Stock Exchange's database and ArcelorMittal's website under the Investors section.
ArcelorMittal announces a share transaction notification for a Designated Person, available on the Luxembourg Stock Exchange and its website. This transaction relates to the share buyback program initiated on 18 June 2021. A significant shareholder has entered into a share repurchase agreement to maintain their voting rights in ArcelorMittal’s share capital at 36.34%. Additional details regarding the buyback program can also be found on the company's investor page.
ArcelorMittal has announced a notification of a share transaction by a Designated Person, available on the Luxembourg Stock Exchange's electronic database. This transaction relates to ArcelorMittal's share buyback program detailed on June 18, 2021. A significant shareholder has entered into a repurchase agreement, ensuring their voting rights remain at 36.34%. More information about the program can be found on ArcelorMittal's website under the Investors section.
ArcelorMittal has released its 2020 report on Payments to Governments regarding its mining sector. This report details the financial contributions made to governments and complies with Luxembourg law. In 2020, ArcelorMittal generated revenues of $53.3 billion and produced 71.5 million metric tonnes of crude steel. The company aims to innovate in steel production, emphasizing sustainability and efficiency. The full report can be accessed through the company's website.