Tag «arcelormittal»

ArcelorMittal announces investment of €300 million in Mardyck, France, to produce electrical steels for industry and electromobility

ArcelorMittal has announced an investment of more than €300m, with the support of the French government, to create a new production unit for electrical steels at its Mardyck site in the north of France. This investment will create more than 100 direct jobs. With this new unit, which will specialise in the production of electrical …

ArcelorMittal makes first investment through its XCarb™ innovation fund

Initial $10 million investment part of broader partnership established with Heliogen ArcelorMittal (‘the Company’) today announces the completion of its first XCarb™ innovation fund investment since launching the initiative in March 2021. The Company has invested an initial $10 million in Heliogen, a renewable energy technology company which focuses on ‘unlocking the power of sunlight …

ArcelorMittal reports second quarter 2020 and half year 2020 results

Luxembourg, July 30, 2020 – ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results1 for the three-month and six-month periods ended June 30, 2020 Highlights: Health and safety: Protecting the health and wellbeing of employees remains the …

ArcelorMittal publishes its 2019 report on Payments to Governments in respect of Extractive Industries

ArcelorMittal (’the Company’) has today filed its 2019 report on Payments to Governments in respect of Extractive Activities, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2019 to governments regarding its mining operations. The report, which complies with reporting requirements under Luxembourg law, is available for download from …

ArcelorMittal and Nippon Steel complete acquisition of Essar Steel

16 December 2019 – 12:40 CET – ArcelorMittal announces that it has today completed the acquisition of Essar Steel India Limited (‘ESIL’), and simultaneously established a joint venture with Nippon Steel Corporation (‘Nippon Steel’), called ArcelorMittal Nippon Steel India Limited (‘AM/NS India’), which will own and operate ESIL. ArcelorMittal holds 60 per cent of AM/NS …

ArcelorMittal to temporarily reduce annualised European primary steelmaking production by three million tonnes

Regrettable decision necessary due to combination of weakening demand, rising imports coupled with insufficient EU trade protection, high energy costs and rising carbon costs  6 May 2019, 08:55 CET ArcelorMittal today announces its intention to temporarily idle production at its steelmaking facilities in Kraków, Poland and reduce production in Asturias, Spain. In addition, the planned …

ArcelorMittal receives European Commission approval for the sale of several European steelmaking assets to Liberty House

17 April 2019, 17:00 CET – ArcelorMittal (‘the Company’) today announces that it has received European Commission (‘EC’) approval for the sale of several steelmaking assets to Liberty House Group. The assets form a divestment package the Company agreed with the European Commission (‘EC’) during its merger control investigation into the Company’s acquisition of Ilva …

ArcelorMittal reports fourth quarter 2018 and full year 2018 results

Luxembourg, February 7, 2019 – ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results[1] for the three-month and twelve-month periods ended December 31, 2018. 2018 highlights: Health and safety performance improved in FY 2018 with annual LTIF …

ArcelorMittal signs US$5,500,000,000 Revolving Credit Facility

20 December 2018 – On 19 December 2018, ArcelorMittal signed a US$5,500,000,000 Revolving Credit Facility (the “Facility”), with a five-year maturity plus two one-year extension options. The Facility will replace the US$5,500,000,000 revolving credit facility agreement signed 30 April 2015 and amended 21 December 2016, and will be used for the general corporate purposes of …