Luxembourg, November 7, 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 and nine-month periods ended September 30, 2024. 3Q 2024 key highlights: Safety focus: The Company-wide audit of safety by dss+ is now complete. It has provided the Group with a clear set of 6 recommendations which the Company is committed ...

ArcelorMittal ('the Company') today announces the publication of its third quarter 2024 sell-side analyst consensus figures. The consensus figures are based on analysts' estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha. To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of approximately ...

Group 1: Collaboration and Sustainability - ArcelorMittal has partnered with ABB to introduce XCarb steel, which is produced using high quantities of recycled steel and 100% renewable energy, specifically for ABB's Kabeldon power distribution system [1] - The sustainable sourcing agreement has resulted in a 29% reduction in the carbon footprint of ABB's electrification equipment [1][2] - XCarb steel helps ABB achieve its sustainability goals by lowering the carbon impact of its products, with a production carbon footprint reduction of 60kg CO2e, or 29% for Kabeldon [2] Group 2: Production and Environmental Impact - ArcelorMittal's XCarb steel is produced in an electric arc furnace, utilizing at least 75% recycled steel and powered entirely by renewable electricity, emitting up to 70% less CO2e compared to conventionally manufactured steel [2] - The steel supplied to ABB includes Magnelis-coated steel for corrosion resistance and cold-rolled steel, manufactured and marketed in Europe [2] Group 3: Market Conditions and Future Outlook - ArcelorMittal's shares have increased by 6.2% over the past year, contrasting with a 2.3% decline in its industry [4] - The company believes current market conditions are unsustainable due to China's excess steel production, leading to low domestic steel spreads and aggressive exports [4] - ArcelorMittal anticipates higher apparent demand in the second half of 2024 compared to the previous year, projecting 2.5-3% growth in global steel consumption, excluding China, down from a prior estimate of 3-4% [4]

ArcelorMittal S.A. (MT) has signed a 10-year agreement with VELUX Group to supply recycled and renewably produced steel.Last year, the two companies decided to form an alliance to reduce the carbon footprint of steel used in VELUX roof windows by up to 70% compared to conventionally produced steel. The agreement included testing and validating ArcelorMittal's XCarb recycled and renewably manufactured steel, as well as its performance in VELUX roof window hinges and installation brackets.The signing of this ...

The VELUX Group has entered a 10-year agreement with ArcelorMittal concerning the supply of recycled and renewably produced steel. In 2023, the two companies agreed to enter a partnership to lower the carbon footprint of the steels used in VELUX roof windows by up to 70 percent, compared with conventionally produced steel. This co-operation involved the testing and validation of ArcelorMittal’s XCarb® recycled and renewably produced steel and its performance in VELUX roof window hinges and installation brac ...

Core Viewpoint - ArcelorMittal S.A. has signed a definitive equity purchase agreement with Nippon Steel Corporation to acquire NSC's 50% equity stake in the AM/NS Calvert joint venture, contingent on NSC's acquisition of U.S. Steel [1][2] Company Summary - The transaction involves ArcelorMittal paying $1 for the equity stake, while NSC will inject cash and forgive partner loans totaling approximately $0.9 billion [1] - The AM/NS Calvert joint venture is recognized as North America's most capable finishing facility, providing high-quality steel solutions [2] - ArcelorMittal's shares have increased by 5.1% over the past year, contrasting with a 2.5% decline in its industry [2] Industry Summary - Current market conditions are deemed unsustainable due to China's excess steel production, leading to low domestic steel spreads and aggressive exports [2] - Both Europe and the U.S. are experiencing steel prices below marginal costs, but ArcelorMittal anticipates a year-over-year increase in apparent demand in the second half of 2024, driven by potential restocking activity as real demand recovers [2] - The company projects a 2.5-3% growth in global steel consumption, excluding China, for 2024, a revision from the previous estimate of 3-4% growth [2]

11 October 2024, 08:30 CET ArcelorMittal (the “Company”, “Group”) announces it has entered into a definitive Equity Purchase Agreement (the “Agreement”) with Nippon Steel Corporation (“NSC”) pursuant to which ArcelorMittal will purchase NSC’s 50% equity interest in the AM/NS Calvert Joint Venture (the “Transaction”). The Transaction has been entered in to at the request of NSC to address regulatory concerns pursuant to its agreed acquisition of US Steel. The Transaction is subject to NSC completing its pend ...

9 October 2024, 08:00 CET ArcelorMittal (the 'Company' or the 'Group') has today published the recommendations of the comprehensive dss+ workplace safety audit that was commissioned at the end of 2023, against the backdrop of a clear necessity to strengthen Group safety performance. The audit, which was ongoing for nine months across all geographies, functions and levels of the organization, had three main scopes: 1.   Fatality prevention standards for the three main occupational risks leading to serious i ...

ArcelorMittal (MT) Fos-sur-Mer recently commissioned its ladle furnace, marking a significant milestone in the French plant's contribution to the steel industry's energy transformation.The ladle furnace is a steel reheating station that can enhance the amount of recycled steel in the end product by up to five times its current volume. The ladle furnace's commissioning will lower the amount of hot metal consumed by 10% as early as 2025. The new facility features two ladle stands, each holding more than 330 t ...

30th September 2024, 15:45 CET On the occasion of the 20th anniversary of ArcelorMittal Poland, ArcelorMittal Europe CEO Geert Van Poelvoorde calls for European Union support for emergency trade measures, and a firm action plan for steel, to keep steelmaking alive in Europe It is 20 years since Mittal Steel acquired Polskie Huty Stali in 2004, when the business was put up for privatisation by the Polish government. Since then, the business has been transformed and modernised through significant investment. ...