Tag «Lakshmi Mittal»

ArcelorMittal reduces net debt by US$4 billion

US$3.0 billion capital raise US$1.0 billion from sale of Gestamp Pro forma net debt below US$12 billion Luxembourg, 5 February, 2016 – ArcelorMittal (the “Company”) today announces a proposed[1] capital raise of US$3.0[2] billion which, alongside the sale of its minority stake in Gestamp for approximately US$1 billion also announced today, would reduce pro forma …

Simon Wandke promoted to CEO of ArcelorMittal Mining

10 July 2015 – ArcelorMittal, the world’s leading steel and mining company, today announces that Simon Wandke has been nominated Executive Vice President of ArcelorMittal and promoted to Chief Executive Officer of ArcelorMittal Mining, with immediate effect. Simon replaces Bill Scotting, who is leaving the company to pursue other opportunities. Simon joined the company in …

World Steel Association elects new officers and welcomes new members

Moscow, 08 October 2014 – The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2014/2015 at worldsteel’s 48th Annual Conference in Moscow, Russia. The new Chairman takes office from today, Wednesday 8th October, 2014. The new officers are elected for one year, until October 2015. Chairman:                      Wolfgang …

Steel remains the best solution based on a number of criteria, including sustainability: Mr Lakshmi Mittal, Chairman and CEO ArcelorMittal – Speech delivered at Steel Success Strategies XXIX

New York, 17 June 2014 Good morning everyone. I am delighted to be here with all of you today. I missed last year’s event, so it’s good to be back. Today I want to speak to you about two main points: one about the material and the second about the general economic health. I have …

Valin ArcelorMittal Automotive Steel Co inaugurates landmark automotive steel plant in China

Valin ArcelorMittal Automotive Steel Co (VAMA) today officially opened its new advanced automotive steel plant in China, beginning a new era of automotive manufacturing in the country.   VAMA, the joint venture between ArcelorMittal and Hunan Iron & Steel Co., will produce high-strength automotive steels that currently have to be imported, for the Chinese market. …

ArcelorMittal holds 2014 Investor Day

10 March 2014 – ArcelorMittal is today holding its 2014 Investor Day, when the company will:   *   Reiterate its 2014 guidance   *   Update its medium term roadmap to a normalised Ebitda[1] per tonne of US$150   *   Outline the recovery plan underway to improve Ebitda in its ACIS business segment   *   State that it expects global …

ArcelorMittal announces changes to organisational structure

Luxembourg, 11 December 2013 – ArcelorMittal today announces it has reviewed its organisation with the aim of simplifying it. As a result, it has been decided to manage the business according to region, while also maintaining the product specialisation within those regions.  This will enable the businesses to continue to have their own dedicated strategy and …

World Steel Association elects new officers and welcomes new members

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 …