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ArcelorMittal's ( NYSE: MT ) India joint venture with Nippon Steel said on Friday it agreed to acquire certain infrastructure assets from Essar Group for $2.4B, as it seeks to strengthen its steelmaking business in the country. ArcelorMittal Nippon Steel ( MT ) said ...
Brazil's steel consumption should double within the next 10 years due to "gigantic opportunities" from the need to build more infrastructure, ArcelorMittal's ( NYSE: MT ) top executive in the country told Bloomberg on Wednesday. Steel demand potentially will grow du...
Palm Beach, FL – August 18, 2022 – FinancialNewsMedia.com News Commentary – Non-ferrous metals are alloys or metals that do not contain any appreciable amounts of iron. All pure metals are non-ferrous elements, except for iron (Fe), which is also called ferr...
The following slide deck was published by ArcelorMittal S.A. in conjunction with their 2022 Q2 earnings call. For further details see: ArcelorMittal S.A. 2022 Q2 - Results - Earnings Call Presentation
ArcelorMittal is one of the largest steel producers in the world, and was printing cash the past few quarters. The balance sheet is "safe" now with a low net debt position. This allowed Arcelor to go shop. It's planning to acquire a Brazilian steel producer for $2.2B (subject to a...
29 July 202 2 , 19:30 CET ArcelorMittal (the ‘Company) has today published its half-year report for the six-month period ended 30 June 2022. The report is available on http://corporate.arcelormittal.com/ under Investors > Financial reports >...
After reporting mixed Q2 results on Thursday, ArcelorMittal ( NYSE: MT ) announces a new share buyback program of 60,431,380 shares in the amount of approximately $1.4B, bringing the total 2022 buybacks announced so far to approximately $3.4B. The program is expec...
2 9 July 2022, 11 :00 CET Following publication of the second quarter 2022 and half year 2022 results press release dated 28 July 2022 (the “ER Press Release”) 1 , ArcelorMittal announces a new share buyback program of 60,431,380 shares in...
ArcelorMittal ( NYSE: MT ) has signed an agreement with the shareholders of Companhia Siderúrgica do Pecém to acquire CSP for an enterprise value of approximately $2.2B. Transaction is expected to close by late 2022, subject to approvals. CSP is producing high-qu...
ArcelorMittal S.A. press release ( NYSE: MT ): Q2 GAAP EPS of $4.25 misses by $0.05 . Revenue of $22.14B (+14.5% Y/Y) beats by $390M . Sales in 2Q 2022 were +14.5% higher as compared to 2Q 2021 primarily due to higher average steel selling prices (+30.8%) offse...
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World-first Trial of New Technology to Recycle CO2 Emissions from Steel Production Begins at ArcelorMittal Gent, Belgium TOKYO, July 8, 2024 - (JCN Newswire) - ArcelorMittal and Mitsubishi Heavy Industries, Ltd. (MHI) are working with a climate tech company, D-CRBN, to trial a new t...
01 July 2024, 11.30 CET ArcelorMittal (’the Company’) has today filed its 2023 Payments to Governments in respect of Extractive Industries report, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2023 to governments regarding its...
Trial Carbon Capture Unit Begins Operating on Blast Furnace at ArcelorMittal Gent, Belgium TOKYO, May 22, 2024 - (ACN Newswire) - ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successf...