2024-03-14 ArcelorMittal acquires strategic stake in Vallourec
Mar. 12, 2024 - ArcelorMittal (the ‘Company’) today announces that it has signed a Share Purchase Agreement to acquire 65,243,206 shares, representing c.28.4% equity interest in Vallourec, for €14.64 per share from Funds managed by Apollo Global Management, Inc., for a total consideration of approximately €955 mi...
2024-02-20 Statement re Acciaierie d’Italia being placed into extraordinary administration
Feb. 20, 2024 - Earlier today the Italian Government announced that it has placed Acciaierie d’Italia SpA (‘ADI’) into extraordinary administration subsequent to the request of Invitalia, thereby passing control of the company from its current shareholders, ArcelorMittal and Invitalia, to government appointed com...
2024-01-11 ArcelorMittal plans to resume production at Bosnia steel plant
Jan. 10, 2024 - ArcelorMittal, one of the world’s largest steel producers, plans to reopen its steel plant in Zenica, Bosnia and Herzegovina (ArcelorMittal Zenica) this month. The company suspended its rolling mills and High Oven blast furnace in November 2023 due to weak market conditions. It was plan...
2024-01-11 ArcelorMittal to build world's single largest steel manufacturing site at Hazira by 2029
Jan. 10, 2024 - Lakshmi Mittal, the chairperson of steel manufacturing corporation ArcelorMittal, on Wednesday announced that the corporation will build the world's single largest steel manufacturing site at Gujarat's Hazira by 2029. Mittal was addressing the ongoing Vibrant Gujarat Global Summit (VGGS) 2024 while maki...
2023-12-08 ArcelorMittal completes sale of ArcelorMittal Temirtau
Dec. 8, 2023 - ArcelorMittal (‘the Company’) today announces it has completed the sale of ArcelorMittal Temirtau, its Kazakh steel and mining operation, to the Qazaqstan Investment Corporation (‘QIC’), a state-controlled direct investment fund. ArcelorMittal and the Government of Kazakhstan had been...
2023-06-25 ArcelorMittal invests 67 million euros in a new electric arc furnace at its Belval site
Jun. 16, 2023 - As part of its decarbonisation process, ArcelorMittal Luxembourg has confirmed its plan to invest in a new electric arc furnace (EAF) at its Belval site. This investment is part of a series of projects that were the subject of a memorandum of understanding (MoU) signed last Septembe...
2023-04-10 ArcelorMittal and Bamesa commit to working together on low-carbon projects
Apr. 1, 2023 - ArcelorMittal Europe – Flat Products and Bamesa, an international leader in steel service centres (SSCs), have today signed a Memorandum of Understanding (MoU) that will strengthen both companies’ efforts to reduce CO2 emissions as well as using XCarb® solutions. Yves Koe...
2023-03-24 ArcelorMittal Poland to modernize BF No. 2 at Dąbrowa Górnicza plant
Mar. 24, 2023 - ArcelorMittal Poland, a subsidiary of Luxembourg-based steel producer ArcelorMittal, has announced that it will modernize blast furnace No. 2 at its Dąbrowa Górnicza plant at the end of March. The company’s preparations for the shutdown of the furnace had begun in January. The project,...
2023-03-23 ArcelorMittal assessing fire damage at Asturias BF
Mar. 23, 2023 - ArcelorMittal in Spain said Thursday that it is evaluating the damage caused by a fire which broke out Wednesday at one of its blast furnaces in Asturias. The Luxembourg-based steelmaker said that at 16:50 GMT Wednesday a reaction took place at blast furnace A at its plant in Gijon, caused when hot m...
2023-03-10 ArcelorMittal completes acquisition of CSP in Brazil
Mar. 9, 2023 - ArcelorMittal (the ‘Company’) announces that following receipt of customary regulatory approvals it has completed the acquisition of Companhia Siderúrgica do Pecém (‘CSP’) in Brazil for an enterprise value of approximately $2.2 billion. CSP is a world-class operation, producing high-quality ...
2023-02-22 ArcelorMittal plans to restart Fos-sur-Mer blast furnace No. 2 in Apr
Feb. 22, 2023 - Luxembourg-based steelmaker ArcelorMittal planned to restart its blast furnace No. 2 at its Fos-sur-Mer plant in France in April. The company announced in early November last year that it would start idling furnaces from December due to high energy costs, high import volumes, and low demand and pr...
2023-01-28 Microsoft and ArcelorMittal back MIT spinout trying to green the $1.6 trillion steel industry
Jan. 27, 2023 - The $1.6 trillion steel industry is the backbone of the modern world. It's also a significant contributor to global warming, representing between 7% and 9% of global carbon dioxide emissions, according to the World Steel Association. That's why massive global businesses, including international ...
2022-11-25 Ukraine’s AMKR halts production due to blackouts after Russian attack
Nov. 25, 2022 - One of the major steel manufacturers in Ukraine, ArcelorMittal Kryviy Rih (AMKR), announced yesterday, November 24, that it has had to stop operations at most of its production facilities due to problems with energy supply after a massive wave of missile attacks by Russia on Ukrainian infrastructure ...
2022-11-24 Spanish government awards €17.1 million to ArcelorMittal for emissions compensation
Nov. 24, 2022 - The Spanish government has announced that the Ministry of Industry, Commerce and Tourism has awarded €17.1 million to the steelmaker ArcelorMittal within the cost compensation mechanism for indirect greenhouse gas emissions. A total amount of €244 million was awarded to 212 industrial ...
2022-11-15 ArcelorMittal reports third quarter 2022 results
Nov. 10, 2022 - 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 for the three-months and nine-months period ended September 30, 2022. Key Highl...
2022-10-27 ArcelorMittal collaborates with three firms to integrate carbon capture technology into steelmaking
Oct. 27, 2022 - Luxembourg-based steelmaker ArcelorMittal, Australian miner BHP Billiton, Japan-based Mitsubishi Heavy Industries Engineering (MHIENG) and Australia-based Mitsubishi Development have signed a collaboration agreement on a multi-year trial of MHIENG’s carbon capture technology with ArcelorMittal, acco...
2022-10-13 ArcelorMittal breaks ground on first transformational low-carbon emissions steelmaking project
Oct. 13, 2022 - ArcelorMittal (the ‘Company’), in the presence of the governments of Canada and Ontario, has today broken ground on its CAD$1.8 billion investment decarbonisation project at the ArcelorMittal Dofasco plant in Hamilton, Ontario, Canada. The project, a partnership between ArcelorMittal a...
2022-10-05 ArcelorMittal makes further investment in Form Energy Inc.
Oct. 4, 2022 - ArcelorMittal today announces it has invested a further $17.5 million in Form Energy Inc. (‘Form Energy’ or ‘Form’) via its XCarb® Innovation fund. The investment, which is part of Form’s oversubscribed $450 million Series E financing round, is the second investment ArcelorMittal has made in t...
2022-09-28 ArcelorMittal highlights the quality, capability and ambition of its Indian steelmaking joint venture
Sep. 27, 2022 - ArcelorMittal, the world’s leading steel and mining company, today hosted an investor and analyst event at AM/NS India’s flagship plant at Hazira, Gujarat, the first such meeting since ArcelorMittal and Nippon Steel jointly acquired the Indian asset in December 2019. The event foc...
2022-09-16 ArcelorMittal Luxembourg has no plan of production closure
Sep. 16, 2022 - Roland Bastian, CEO of ArcelorMittal in Luxembourg, said that the company had no plans to cut or stop production at its Luxembourg plant due to the current sufficient orders. Due to rising energy prices and low steel demand, ArcelorMittal has earlier temporarily suspended production at two blast f...
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