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The President of the United States will visit ArcelorMittal Cleveland on Thursday 14th November. Mr Lakshmi Mittal, Chairman and CEO, will be present to welcome the President to the facility. Commenting, Mr. Lakshmi N. Mittal, ArcelorMittal Chairman and CEO, said: “We are honored to host the President of the United States at ArcelorMittal Cleveland, and …
Luxembourg, November 7, 2013 – ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading steel company, today announced results[1] for the three and nine month periods ended September 30, 2013. Highlights[2]: Health and safety performance improved in 3Q 2013 with a LTIF rate[3] of 0.8x as compared to …
Luxembourg, November 2013, 3.30pm CET – ArcelorMittal announces today that its 51% subsidiary, ArcelorMittal South Africa, has reached an agreement with Sishen Iron Ore Company Ltd (SIOC), a subsidiary of Kumba, relating to the long-term supply of iron ore. The agreement, which will become effective from 1 January 2014, allows ArcelorMittal South Africa to purchase …
The consensus figures are based on analyst estimates recorded on an external web-based tool, provided and managed by an independent company called Vuma Financial Services Limited (trade name: Vuma Consensus). To arrive at the consensus figures below, VUMA have aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on …
9th October 2013 – ArcelorMittal today announced a €92m investment in a complete revamp of the blast furnace no. 2 at its Dunkirk plant in France. This investment confirms the Dunkirk plant’s capacity to produce 7 million tonnes of slab, to supply other plants within ArcelorMittal including Florange and Liège. With the production at Fos-sur-Mer …
Luxembourg, 8 October 2013: ArcelorMittal announces the sale of 233,169,183 shares (the “Shares”) in Ereğli Demir ve Çelik Fabrikaları T.A.Ş. (“Erdemir”) by way of a single accelerated bookbuilt offering to institutional investors. The sale has generated proceeds of approximately US$267million. Prior to the sale, ArcelorMittal owned 655,969,154 Shares in Erdemir, representing approximately 18.74% of Erdemir’s …
São Paulo, 07 October 2013 – The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2013/2014: Chairman: Joon-Yang Chung, Chairman and CEO, POSCO Vice Chairmen: Alexey Mordashov, CEO, Severstal JSC Wolfgang Eder, Chairman and CEO, voestalpine AG Treasurer: Eiji Hayashida, President and CEO, JFE Steel Corporation …
7th October 2013 – ArcelorMittal and Sider, an Algerian state-owned company, signed a strategic agreement on Saturday 5 October that includes an investment plan of US$763m for the steel complex at Annaba and the mines in Ouenza and Boukhadra. The plan includes a project to more than double the steel plant’s production capacity from 1 …
ArcelorMittal Liberia shipped 3 million tonnes of iron ore between 1 January and 8 August 2013, almost doubling last year’s figures for the same period. The most recent monthly shipments figures, for July 2013, show production tripled last month compared with July 2012. “We shipped out 516,000 tonnes of iron ore in July 2013, compared …
• Primary dedusting system on converter 2 equipped with new cooling stack • New dual flow nozzle spray system will improve offgas cleaning ArcelorMittal Eisenhüttenstadt has awarded Siemens Metals Technologies an order to equip the off-gas cleaning system on LD(BOF) converter 2 with a new cooling stack. This will also involve the installation …