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.
On June 12, 2024, ArcelorMittal received a shareholding notification from BlackRock regarding a threshold change in voting rights.
BlackRock's voting rights reached 4.99% as of June 10, 2024. The notification is available on the Luxembourg Stock Exchange's OAM electronic database and ArcelorMittal's website.
This update aligns with Luxembourg's Transparency Law concerning shareholding notifications above or below the 5% threshold.
ArcelorMittal, the world's leading steel and mining company, reported $68.3 billion in revenue for 2023, with primary operations across 15 countries.
On June 11, 2024, ArcelorMittal announced the pricing of two bond offerings totaling $1 billion. The company will issue $500 million of 6.00% notes due June 17, 2034, and another $500 million of 6.35% notes due June 17, 2054. The net proceeds, approximately $989.29 million before expenses, will be used for general corporate purposes. The offering is expected to close on June 17, 2024, pending customary conditions. The issuer has filed a registration statement with the SEC. For more detailed information, investors are encouraged to read the prospectus available on the SEC website.
ArcelorMittal reported strong financial results for the first quarter of 2024, with significant improvements in EBITDA, net income, and steel shipments. The company focused on safety, strategic growth projects, and shareholder returns. Despite a seasonal working capital investment leading to a cash outflow, ArcelorMittal demonstrated financial strength and a clear pathway to achieve its strategic objectives.
ArcelorMittal held its General Meeting where 78.47% of voting rights were represented, approving all resolutions by a strong majority. The meeting re-elected directors, approved a dividend of US$0.50 per share, and full documentation will be available on their website.
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