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 launched a cash tender offer to purchase any and all of its 3.600% notes due 2024, 6.125% notes due 2025, and 4.550% notes due 2026 to reduce gross debt. The tender consideration is set at $1,076.50 for the 2024 Notes, $1,176.00 for the 2025 Notes, and $1,130.00 for the 2026 Notes. Holders may tender notes until June 24, 2021. The company intends to use existing cash resources to fund this initiative. The offers are aimed at early repayment and cancellation of the notes upon acceptance.
On June 15, 2021, ArcelorMittal reported a share transaction by a Designated Person, available on the Luxembourg Stock Exchange. This transaction ties back to its share buyback program initiated on March 4, 2021, ensuring the Significant Shareholder retains a 36.34% stake in the company. In 2020, ArcelorMittal achieved revenues of $53.3 billion and produced 71.5 million metric tonnes of crude steel. The company emphasizes its commitment to sustainable steel production, aiming to support global transformation towards cleaner energy solutions.
ArcelorMittal announced on June 7, 2021 that it received shareholding notifications from Société Générale SA. The notifications indicate that Société Générale reached voting rights thresholds of 5.01% on June 2 and 4.70% on June 3. Since the latter threshold is below 5%, no adjustments to the Company’s shareholding structure disclosure are required. These notifications comply with the Luxembourg Transparency Law and are accessible via the Luxembourg Stock Exchange and the Company's website.
On June 8, 2021, ArcelorMittal held its Annual General Meeting and Extraordinary General Meeting, where over 73.5% of voting rights were represented. The meetings were conducted virtually due to Covid-19. Key resolutions included a dividend distribution of US$ 0.30 per share, re-election of directors, and a share capital reduction through the cancellation of repurchased shares. The full voting results will be available on their corporate website.
ArcelorMittal reported revenues of $53.3 billion in 2020, highlighting its significant presence in steel and mining.
ArcelorMittal has announced a share transaction as part of its ongoing share buyback program initiated on March 4, 2021. The transaction is related to a significant shareholder entering a share repurchase agreement to maintain their voting rights at 36.34% of ArcelorMittal's share capital, net of treasury shares. Details about this transaction and the share buyback program are accessible on the Luxembourg Stock Exchange and ArcelorMittal’s official website under the corporate governance section.
ArcelorMittal has completed its first XCarb™ innovation fund investment, committing $10 million to Heliogen, a renewable energy technology firm. This investment, announced on June 8, 2021, is part of a broader partnership aimed at integrating Heliogen's solar technology into ArcelorMittal's steel manufacturing processes. Heliogen's innovations are expected to facilitate the steel industry’s transition to carbon neutrality by harnessing solar energy for heat, electricity, and clean fuels, including green hydrogen.
ArcelorMittal reported a share transaction notification by Designated Persons, as announced under the Market Abuse Regulations. This transaction is linked to a share buyback program initiated on 4 March 2021, aimed at maintaining significant shareholder voting rights at 36.34% of total share capital.
Details of the transaction and the share buyback program are accessible on the Luxembourg Stock Exchange and ArcelorMittal's official website under the Investors section.
ArcelorMittal announced a share transaction by a Designated Person, reflecting ongoing activities related to its share buyback program initiated on 4 March 2021. A Significant Shareholder will sell shares to maintain their voting rights at 36.34% of the company’s share capital. Details of the transaction and the share buyback program can be accessed via the Luxembourg Stock Exchange and the ArcelorMittal website, ensuring transparency in compliance with Market Abuse Regulations.
ArcelorMittal released its 2020 integrated annual review titled ‘Inventing smarter steels for a better world’, emphasizing transparency and sustainability. The report outlines the Company’s strategic priorities, including health and safety, financial value, and environmental sustainability. CEO Aditya Mittal noted improvements in net debt and asset quality while addressing the challenges posed by the Covid-19 pandemic. The Company aims for carbon neutrality by 2050, with a current CO2 per tonne of steel at 2.08 tonnes. Key initiatives include the launch of XCarb™ and a commitment to enhance gender diversity in management.
ArcelorMittal announced on 19 May 2021 it received notifications from Société Générale SA regarding shareholding changes. The notifications indicated that Société Générale reached a voting rights threshold of 5.10% on 14 May 2021 and 4.72% on 17 May 2021. Since Société Générale's holdings fell below the 5% threshold by 17 May, no adjustments are needed for the company’s shareholding disclosure. These notifications comply with the Luxembourg Transparency Law and can be found on the Luxembourg Stock Exchange and the company's website.