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 announced a notification from Société Générale regarding changes in its shareholding. On March 3, 2021, Société Générale increased its shareholding from 4.79% to 5.01%, and then decreased back to 4.79% on March 4, 2021. These changes do not require adjustments to ArcelorMittal's disclosures, as the company reports only shareholdings over 5%. The notifications are accessible via the Luxembourg Stock Exchange and ArcelorMittal's investor relations website.
ArcelorMittal announced a notification of a share transaction involving its Directors or Executive Officers as per Regulation (EU) No 596/2014. This transaction is linked to the share buyback program initiated on 15 February 2021. A significant shareholder has entered into a repurchase agreement to sell shares, ensuring their voting rights in the company remain at 36.34%. Further information can be found on the ArcelorMittal website under the Investors section.
ArcelorMittal has successfully completed its share buyback program, repurchasing 27,113,321 shares for approximately €536.57 million (US$649.99 million), at an average price of €19.79. A new buyback program has been initiated today, totaling US$570 million, aligned with the company's capital returns policy. This program aims to meet obligations under equity-related debt and to reduce share capital, expected to conclude by 31 December 2021. The Significant Shareholder will sell an equivalent number of shares daily to maintain voting rights.
On March 3, 2021, ArcelorMittal announced a notification regarding a share transaction by a Designated Person, in compliance with Market Abuse Regulations. This transaction is linked to the company’s share buyback program initiated on February 15, 2021. A significant shareholder has agreed to sell shares to maintain their voting rights at 36.34%. Details of the transaction can be accessed in the Luxembourg Stock Exchange’s electronic database and on ArcelorMittal’s website.
ArcelorMittal has announced the availability of a notification regarding a share transaction by a Designated Person, such as Directors or Executive Officers. This notification complies with Article 19(3) of Regulation (EU) No 596/2014 on market abuse. Investors can access the details of this transaction on the Luxembourg Stock Exchange’s electronic database OAM and on the ArcelorMittal website under Investors > Corporate Governance > Share Transactions by Management.
ArcelorMittal has announced a share buyback program with a maximum amount of US$650 million, authorized by its AGM in June 2020. This program will help meet obligations related to debt exchangeable into equity securities and reduce share capital. Following this, a second program worth US$570 million will commence, aligning with the company's capital returns policy. Both buyback programs are set to be completed by 31 December 2021. The share repurchase agreement ensures that the Significant Shareholder maintains their voting rights.
ArcelorMittal announces a leadership transition with Aditya Mittal promoted to Chief Executive Officer, effective immediately. He succeeds Lakshmi N. Mittal, who will take on the role of Executive Chairman. The change follows the company's strong performance amidst 2020 challenges and aims to enhance its position as a global leader in steel production. Aditya emphasized the importance of decarbonization and sustainability in future strategies. Genuino Christino is appointed as the new Chief Financial Officer.
On February 11, 2021, ArcelorMittal (MT) reported its financial results for Q4 and FY 2020, revealing a net loss of $0.7 billion, a significant improvement from a $2.5 billion loss in 2019. The company achieved $1.5 billion in free cash flow despite a challenging market, with steel shipments down 18.2% to 69.1 million tonnes. Operating income was $2.1 billion, up from a loss the previous year. ArcelorMittal's gross debt dropped to $12.3 billion, the lowest since the 2006 merger. The company also initiated a $500 million share buyback program and a proposed dividend of $0.30 per share.
ArcelorMittal North America Holdings LLC has announced an agreement to sell 40 million shares of Cleveland-Cliffs through a fully underwritten public market offering. This sale is part of a combined public offering and will contribute proceeds for a new share buyback program. Following this transaction, ArcelorMittal will retain approximately 38 million shares of Cleveland-Cliffs and other preferred stock. The registration statement for this offering has been filed with the SEC, and additional details on the buyback program will be shared after 15 February.
On October 5, 2020, ArcelorMittal launched a tender offer to purchase outstanding 6.125% notes due 2025, with a total value of U.S.$249,886,000 tendered. The offer expired on October 13, 2020, and the company anticipates accepting the validly tendered notes on October 15, 2020, with cash payments expected on the settlement dates. BBVA Securities, Citigroup, HSBC, Mizuho, and Natixis served as dealer managers for this offer. The company aims to strengthen its financial position through this offer, which is part of its broader strategy in managing its debt obligations.
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