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 (MT) news covers a broad range of topics reflecting its role as a global integrated steel and mining company. With a presence in 60 countries and primary steelmaking operations in more than a dozen countries, the company regularly publishes updates on its operating performance, regional segments, capital structure and strategic projects. As the largest steel producer in Europe and among the largest in the Americas, ArcelorMittal’s announcements are closely followed by investors and industry participants.
On this page, readers can find earnings and results releases, including quarterly and half-year reports that detail sales, EBITDA, crude steel production, steel shipments and iron ore production across segments such as North America, Brazil, Europe, Sustainable Solutions and Mining. The company also releases information on its financial calendar, outlining planned dates for future earnings announcements and its Annual General Meeting of shareholders.
ArcelorMittal news also includes strategic and sustainability-related updates. Recent press releases describe the expansion of its renewable energy portfolio, with new solar and wind projects in India designed to supply clean electricity to AMNS India and deliver CO2 savings, as well as renewable projects in Brazil and Argentina. Other items cover corporate transactions, such as the completion of the sale of its Bosnia steel and mining operations, and capital markets activity like the issuance of euro-denominated notes under its Euro Medium Term Notes programme.
Governance and regulatory communications form another important category, including notifications of share transactions by designated persons and information on share buyback and treasury share cancellation. By following ArcelorMittal news, users can track developments in its steel and mining operations, energy transition initiatives, regional strategies and capital markets actions over time.
ArcelorMittal has reported a decrease in shareholding by Société Générale SA, falling from 5.23% to 4.28% as of April 30, 2021. The notification was officially made on May 5, 2021, in compliance with Luxembourg’s Transparency Law. This change indicates a shift in the voting rights threshold for Société Générale, highlighting a significant alteration in their position as a shareholder. For additional details, the full notification can be found on the Luxembourg Stock Exchange website and ArcelorMittal’s investor relations page.
ArcelorMittal has announced the convening notice for its Annual General Meeting and Extraordinary General Meeting to be held on June 8, 2021, at 13:30 CET. Due to Covid-19 restrictions, the meetings will be conducted virtually, in compliance with Luxembourg law. Shareholders eligible to vote will be those registered by the record date of May 25, 2021. Relevant documents including the Annual Report 2020 will be available on the company’s website, and shareholders can request a copy via email.
On May 6, 2021, ArcelorMittal (MT) reported strong 1Q 2021 results, with net income of $2.3 billion and EBITDA soaring by 88% to $3.2 billion, marking its best quarter in a decade. Steel shipments increased by 6.5% sequentially to 16.5 million tons. Operating income reached $2.6 billion, supported by positive steel spreads and operational improvements. Gross debt declined to $11.4 billion, while net debt fell to $5.9 billion. The company announced a $650 million share buyback and plans to further reduce carbon emissions with its XCarb initiative.
ArcelorMittal has announced a share transaction involving a Designated Person, as per Article 19(3) of the EU Market Abuse Regulations. The transaction is part of a share buyback program initiated on March 4, 2021, aimed at maintaining the Significant Shareholder's voting rights in the company at 36.34%. The transaction details are available on the Luxembourg Stock Exchange's electronic database OAM and ArcelorMittal's official website under the Corporate Governance section.
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On April 27, 2021, ArcelorMittal reported a share transaction related to its share buyback program initiated on March 4, 2021. This involves a Significant Shareholder entering into an agreement to sell shares to maintain their voting rights at 36.34% of the company's share capital. The transaction details are available on the Luxembourg Stock Exchange’s electronic database and ArcelorMittal’s website under the Corporate Governance section. This move supports the company's strategic financial management and shareholder value preservation.
ArcelorMittal released its first quarter 2021 EBITDA consensus estimates, compiled from around 20 sell-side analysts via Vuma Financial Services. For Q1 2021, 17 analysts participated, projecting an average EBITDA of $2,965 million. The firm emphasizes that it does not influence these estimates and is not responsible for the analysts' opinions.
ArcelorMittal has announced a share transaction notification required under the EU Market Abuse Regulations. This transaction is linked to the company's ongoing share buyback program initiated on 4 March 2021. A significant shareholder has entered into a share repurchase agreement, ensuring their voting rights in ArcelorMittal's share capital remain at 36.34%. Further details can be accessed on the company's website.
On April 15, 2021, ArcelorMittal published its statutory financial statements for the parent company, covering the fiscal year ended December 31, 2020. The financial statements are accessible through the Luxembourg Stock Exchange electronic database and ArcelorMittal's Corporate Library online. This disclosure is vital for investors and stakeholders, providing insight into the company's financial performance during a challenging economic environment.
ArcelorMittal announces the renaming of its Italian operations to Acciaierie d’Italia following an investment agreement with Invitalia, an Italian state-owned company.
Invitalia has made a €400 million equity investment, acquiring a 38% stake in AM InvestCo Italy, which will also be rebranded. A potential second investment of up to €680 million is planned to complete the purchase of Ilva's business, potentially raising Invitalia's stake to 60%. This strategic move positions Acciaierie d’Italia Holding for independent operations, with ArcelorMittal retaining a 40% stake.