Tag «ArcelorMittal Europe»

ArcelorMittal Europe sets out path to net zero by 2050, with pioneering technologies at the forefront of the company’s roadmap for carbon-neutral steelmaking

Europe’s largest steelmaker, unveils breakthrough technologies that will take the company to 30% lower CO2 emissions by 2030, and carbon neutrality by 2050 ArcelorMittal Europe is investing in two routes to carbon neutrality, Smart Carbon and an innovative DRI-based route, in recognition of the need to act now to reduce CO2 emissions, in line with …

ArcelorMittal prepares to further reduce primary production in Europe as market weakness continues

Further to the announcement made on 6 May, ArcelorMittal today announces its decision to take additional steps to adjust its European production levels to further align its production to the current market demand. The company continues to be impacted by weak market demand and high import levels in Europe. As a result, ArcelorMittal will: Reduce …

ArcelorMittal Europe reports €340m operating profit for Q2 2016

29 July 2016 – ArcelorMittal Europe has reported its second quarter 2016 results, with a €340m operating profit for the three months to 30 June 2016 – significantly higher than the €77m operating profit reported in the first quarter of 2016. Year-on-year, Q2 operating profit in 2016 was slightly lower compared to €352m in Q2 …

ArcelorMittal Europe reports €328m Ebitda for first quarter of 2016

6 May 2016 – ArcelorMittal Europe has announced its results for the first quarter of 2016, reporting a 34% drop in Ebitda to €328m compared with Q4 2015, mainly due to a 7.2% decline in average steel selling prices for the first three months of 2016. Lower prices were however offset in part by higher …

ArcelorMittal Europe reports €145m operating profit for 2015

5 February 2016 ArcelorMittal Europe today announced its results for the full year 2015 and the fourth quarter ended 31 December 2015. For the full year 2015, the Europe segment reported an operating profit of €145m. This compares with an operating profit of €549m in 2014, reflecting the impact of lower steel prices on the …

ArcelorMittal Europe reports operating loss of €23 million for Q3 2015

6 November 2015 – ArcelorMittal Europe today announced its results for the third quarter ended 30 September 2015. While Ebitda for the quarter was €496 million, the segment recorded an operating loss of €23 million, compared with an operating profit of €125 million for Q3 2014. Record levels of imports, particularly from China and the …

ArcelorMittal Europe reports operating profit of €281 million for Q1 2015

Luxembourg, 07 May 2015 – ArcelorMittal Europe today announced its results for the first quarter ended 31 March 2015. The segment recorded an operating profit of €281m, compared with €58m for Q1 2014. First quarter 2015 Ebitda increased by 23.3 per cent, to €546m compared with €443m in the last quarter of 2014. Ebitda in …

ArcelorMittal Europe reports €122m operating profit for Q4 2014

Luxembourg, 13 February 2015 ArcelorMittal Europe today announced its results for the fourth quarter ended 31 December 2014. The segment recorded an operating profit of €122m compared with an operating loss of €396m for Q4 2013. ArcelorMittal Europe has reported an operating profit in all four quarters of 2014, with the business realising the benefits …

ArcelorMittal Europe reports €125m operating profit for Q3 2014

Luxembourg, 7 November 2014 – ArcelorMittal Europe today announced its results for the third quarter of 2014. The segment recorded an operating profit of €125m, compared with operating loss of €139m for Q3 2013. This marks the third successive quarter ArcelorMittal has reported a profit in Europe, following six successive quarters of losses as a result …

ArcelorMittal Europe reports €245m operating profit for Q2 2014

1 August 2014 – ArcelorMittal Europe today announced its results for the second quarter of 2014. The segment recorded an operating profit of €245 million for the Q2 2014. This compares with an operating profit of €58 million in Q1 2014 and an operating loss of €143 million for Q2 2013, when results were impacted …