11 June 2024, 08:00 CET ArcelorMittal (‘the Company' or ‘the Issuer') priced yesterday an offering of US$500 million aggregate principal amount of 6.00% notes due 17 June 2034 and US$500 million aggregate principal amount of 6.35% notes due 17 June 2054 (the ‘Notes'). The net proceeds to ArcelorMittal (before expenses), amounting to approximately $989,290,000, will be used for general corporate purposes. The offering is scheduled to close on 17 June 2024, subject to satisfaction of customary conditions. Th ...

11 June 2024, 08:00 CET ArcelorMittal (‘the Company’ or ‘the Issuer’) priced yesterday an offering of US$500 million aggregate principal amount of 6.00% notes due 17 June 2034 and US$500 million aggregate principal amount of 6.35% notes due 17 June 2054 (the ‘Notes’). The net proceeds to ArcelorMittal (before expenses), amounting to approximately $989,290,000, will be used for general corporate purposes. The offering is scheduled to close on 17 June 2024, subject to satisfaction of customary conditions. Th ...

ArcelorMittal S.A.’s (MT) unit ArcelorMittal Powders — dedicated to producing high-quality steel powders — entered into a memorandum of understanding with Materialise, a global leader in 3D printing software and services. This partnership aims to develop innovative solutions to optimize laser powder bed fusion (LPBF) equipment and metal 3D printing strategies. Through this collaboration, MT will utilize Materialise’s next-generation build processor for 3D printers.The collaboration aligns with ArcelorMittal ...

Group 1: Acquisition Details - ArcelorMittal Construction has completed the acquisition of Italpannelli SRL in Italy and Italpannelli Iberica in Spain, marking its second acquisition of Italpannelli businesses after purchasing Italpannelli Germany in March 2023 [1] - Italpannelli specializes in manufacturing lightweight insulation panels for roofs and facades, operating two production units in Zaragoza, Spain, and Abruzzo, Italy, with a total annual capacity of 13 million m² of sandwich panels [1] Group 2: Strategic Value and Market Impact - The acquisition enhances ArcelorMittal's panel business capabilities, allowing entry into new markets and expanding its product portfolio to include long span decking with PVC membrane, section doors, and various sandwich panels [2] - The company has identified notable synergies, efficiency gains, and cost benefits from the acquisition [2] Group 3: Market Performance and Projections - ArcelorMittal's shares have increased by 4.1% over the past six months, outperforming its industry, which saw a decline of 3.3% [2] - The company projects a 3-4% growth in global steel consumption, excluding China, for 2024, with specific increases expected in the United States (1.5-3.5%), Europe (2-4%), Brazil (0.5-2.5%), and India (6.5-8.5%) [2] Group 4: Long-term Outlook - The company remains optimistic about medium to long-term steel demand and is confident in executing its growth strategy while providing capital returns to shareholders [3]

ArcelorMittal S.A. (MT) , in collaboration with Mitsubishi Heavy Industries, Ltd. (MHI), BHP, and Mitsubishi Development Pty Ltd, commenced operating a pilot carbon capture unit at its Gent site in Belgium. This unit is designed to capture emissions from the blast furnace off-gas. The pilot unit, which will run for one to two years, aims to assess the feasibility of scaling up the technology to capture a significant portion of the Gent site's emissions. Since January, engineers have been on site to assemble ...

GENT, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium. The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a sizeable po ...

ArcelorMittal S.A. (MT) recently commenced the construction of an electric arc furnace (EAF) for long products at its Gijon plant, with the first heat production expected in the first quarter of 2026. This €213-million (nearly $230 million) investment marks the inaugural major EAF project within the European decarbonization program and represents a pivotal step toward low-carbon steelmaking in Asturias.The transition to the new process will significantly reduce CO2 emissions by shifting from a hot metal pro ...

For the quarter ended March 2024, ArcelorMittal (MT) reported revenue of $16.28 billion, down 12% over the same period last year. EPS came in at $1.16, compared to $1.27 in the year-ago quarter.The reported revenue represents a surprise of +2.89% over the Zacks Consensus Estimate of $15.82 billion. With the consensus EPS estimate being $0.93, the EPS surprise was +24.73%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Luxembourg, May 2, 2024 - ArcelorMittal (referred to as "ArcelorMittal" or the "Company" or the "Group") (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading integrated steel and mining company, today announced results1 for the three-month period ended March 31, 2024. 1Q 2024 key highlights: Health and safety focus: Protecting employee health and wellbeing remains the overarching priority of the Company; the Company-wide audit of safety by dss+ is progressing and will support our ...

30 April 2024, 18:15 CET The Annual General Meeting (‘General Meeting') of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions by a strong majority. 78.47% of the voting rights were represented at the General Meeting. The results of the votes will be posted shortly on www.arcelormittal.com under ‘Investors – Equity investors – Shareholders events – AGM – Annual General Meeting of shareholders, 30 April 2024' where the full documentation regarding the General Meeting is available. ...