ArcelorMittal S.A. (MT) joined forces with Vestas, a key player in sustainable energy solutions, to introduce a low carbon-emissions steel solution that significantly reduces the lifetime carbon dioxide emissions associated with wind turbine tower production.This innovative steel is crafted using 100% steel scrap melted in an electric arc furnace powered entirely by wind energy at ArcelorMittal's Industeel Charleroi steel mill in Belgium. The resulting steel slabs are then transformed into heavy plates at A ...

ArcelorMittal S.A. (MT) is set to recommence operations at its Bosnia plant in the coming days, according to Reuters. The production had been halted in November due to a decline in steel demand across Europe. The company also cited factors such as reduced steel consumption since 2022, triggered by the war in Ukraine, escalating energy prices, output costs and inflation, as reported by Reuters. The ArcelorMittal Zenica plant will also resume receiving iron ore deliveries from its mines in northern Bosnia.Fol ...

ArcelorMittal (MT) rejected the Italian government’s proposal to acquire a controlling stake in Acciaierie d'Italia (“ADI”), a major steel plant in Europe formerly known as Ilva, according to a statement from the cabinet, as reported by Reuters yesterday.A confidential source informed Reuters that placing the financially struggling site under special administration might be the only viable option to prevent its closure. ArcelorMittal currently holds a 62% stake in ADI, while the remaining 38% is owned by th ...

ArcelorMittal S.A. (MT) has announced a collaboration with the Indian Institute of Technology ("IIT") Madras and is collaborating closely with IIT Madras' Hyperloop Technology teams – Avishkar Hyperloop, a student team and TuTr Hyperloop, a start-up incubated at IIT Madras – involved in the development of cost-effective Hyperloop technologies for passenger and cargo mobility at scale.ArcelorMittal and AM/NS India are supplying foundational steel materials, as well as engineering, design and project manageme ...

1Q’23 Roadshow Smarter steels for people and planet Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about ArcelorMittal and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements may be identified by the words ...

Financial Data and Key Metrics Changes - The company reported an improvement in EBITDA per tonne to $126 in Q1 2023, indicating a strong recovery in shipment volumes and profitability compared to prior cycles [3][4][5] - The company has bought back 31% of its equity since September 2020 and announced a new buyback program for up to 85 million shares over the next two years, reflecting a positive outlook for free cash flow generation [5][6] Business Line Data and Key Metrics Changes - The acquisition of CSP in Brazil added 3 million tonnes of capacity, with an expected annualized EBITDA run rate of about $600 million for Q2 2023 [4][9][47] - In NAFTA, shipments increased by approximately 250,000 tonnes quarter-on-quarter, driven by higher demand and improved production levels [10][45] Market Data and Key Metrics Changes - In Europe, production is expected to be slightly lower due to two furnace shutdowns, but profitability is anticipated to improve as prices rise and costs decrease [11][12] - The company noted that inventory levels are low across regions, which should support steel consumption going forward [26] Company Strategy and Development Direction - The company is focusing on strategic capital expenditures and mergers and acquisitions to enhance earnings power while maintaining a strong balance sheet [5][6] - A joint venture was announced with Casa dos Ventos to develop a 554-megawatt wind power project in Brazil, which aims to supply up to 38% of the company's electricity needs in the country [4] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving shipment targets despite production challenges in Europe, indicating confidence in mitigating impacts from recent incidents [19][20] - The company is exploring energy projects in Europe but has not yet found economically viable options, while gas and power prices are normalizing [21][22] Other Important Information - The company is experiencing a recovery in apparent steel consumption in Brazil, with stable domestic volumes despite a slower start to the year [33][34] - The company is maintaining its guidance for working capital release in 2023, despite challenges in Q1 due to production issues [51][52] Q&A Session Summary Question: Can you share the building blocks of your Q2 EBITDA? - Management provided insights on contributions from Brazil, NAFTA, and Europe, highlighting the impact of the CSP acquisition and production recovery [9][10][11] Question: Why extend the buyback program to May 2025? - Management emphasized the belief in continued free cash flow generation and the commitment to return 50% of free cash flow to shareholders [14] Question: What is the timeline for the restart of furnaces in Europe? - Management indicated a target for June for the restart of the furnaces in Spain and Dunkerque, with ongoing repair works progressing well [17][18] Question: What is the outlook for steel spreads and margins? - Management noted stable prices in Europe and the U.S., with improving spreads and low inventory levels supporting future consumption [25][26] Question: Can you provide an update on the mining segment's cost increases? - Management clarified that cost increases were not the main driver of profitability changes, attributing it more to pellet premiums and sales dynamics [66]

ArcelorMittal 6-K Exhibit 99.1 ArcelorMittal reports first quarter 2023 results Luxembourg, May 4, 2023 - 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-month ended March 31, 2023. 1Q 2023 Key highlights: Page 1 • Health and safety focus: Protecting the health and wellbeing of the employees remains an overarching priority of the Company. ...

Financial Performance - ArcelorMittal reported sales of $79.8 billion for the year ended December 31, 2022, a 4.3% increase from $76.6 billion in 2021, driven by a 16.6% rise in average steel selling prices despite an 11.2% decrease in steel shipments [906]. - Operating income for the year ended December 31, 2022 was $10.3 billion, down from $17.0 billion in 2021, primarily due to higher coal and energy costs and lower steel shipments [914]. - ArcelorMittal's net income attributable to equity holders was $9.3 billion for the year ended December 31, 2022, down from $15.0 billion in 2021 [989]. - Net income attributable to non-controlling interests decreased to $236 million in 2022 from $609 million in 2021, primarily due to decreased operating performance [987]. - The statutory income tax expense totaled $2.8 billion in 2022, compared to $4.1 billion in 2021 [986]. Sales and Shipments - Steel shipments totaled 55.9 million tonnes in 2022, down 11.2% from 62.9 million tonnes in 2021, with a comparable decrease of 4.5% when excluding ArcelorMittal Italia and Ukraine shipments [899]. - The Mining segment reported sales of $3.4 billion in 2022, down from $4.0 billion in 2021, with operating income of $1.5 billion compared to $2.4 billion in the previous year [897]. - The Europe segment generated sales of $47.3 billion in 2022, an increase from $43.3 billion in 2021, but with a decrease in operating income from $5.7 billion to $4.3 billion [897]. - Sales in the NAFTA segment were $13.8 billion for the year ended December 31, 2022, representing a 9.9% increase compared to 2021 [925]. - Sales in the Brazil segment increased 6.8% to $13.7 billion for the year ended December 31, 2022, primarily due to 8.1% higher average steel selling prices [938]. Average Steel Selling Prices - Average steel selling prices increased by 16.6% in 2022 compared to 2021, with a notable 37.7% increase in the first half of 2022, followed by a 1.9% decrease in the second half [904]. - Average steel selling prices in the NAFTA segment increased by 7.8% for the year ended December 31, 2022 compared to 2021, with a 37.8% increase in the first half of 2022 [923]. - Average steel selling prices increased 8.1% for the year ended December 31, 2022, compared to the year ended December 31, 2021 [936]. - Average steel selling prices in the Europe segment increased 20.8% for the year ended December 31, 2022, compared to the year ended December 31, 2021 [945]. Costs and Expenses - Cost of sales for 2022 was $67.3 billion, up from $57.3 billion in 2021, primarily due to higher raw material and energy costs, including a $1.0 billion impairment charge related to operations in Ukraine [908]. - Energy costs represented 14% of cost of sales in 2022, up from 12% in 2021, with total energy costs amounting to $9.6 billion [909]. - SG&A expenses were $2.3 billion for the year ended December 31, 2022, unchanged from 2021, but as a percentage of sales decreased to 2.8% from 2.9% [913]. - Depreciation for the year ended December 31, 2022 was $2.6 billion, slightly higher than $2.5 billion in 2021 [912]. Segment Performance - The ACIS segment experienced a significant decline in sales, reporting $6.4 billion in 2022, down from $9.9 billion in 2021, with an operating loss of $930 million [897]. - Crude steel production for the Brazil segment decreased by 4.3% to 11.9 million tonnes for the year ended December 31, 2022 compared to 12.4 million tonnes in 2021 [930]. - Operating income for the Brazil segment was $2.8 billion for the year ended December 31, 2022, representing a 26.9% decrease compared to the year ended December 31, 2021 [941]. - Operating income for the Europe segment was $4.3 billion for the year ended December 31, 2022, compared to $5.7 billion for the year ended December 31, 2021 [945]. - Operating loss for the ACIS segment was $0.9 billion for the year ended December 31, 2022, compared to an operating income of $2.7 billion in 2021 [957]. Debt and Cash Flow - As of December 31, 2022, ArcelorMittal's total debt was $11.7 billion, an increase from $8.4 billion in 2021 [991]. - Cash and cash equivalents amounted to $9.4 billion as of December 31, 2022, compared to $4.4 billion in 2021 [991]. - The company had a net debt of $2.2 billion as of December 31, 2022, down from $4.0 billion in 2021 [991]. - ArcelorMittal's gearing ratio (net debt divided by total equity) was 4% as of December 31, 2022, down from 8% in 2021 [991]. - The company reported net cash used in investing activities of $4.5 billion for the year ended December 31, 2022, compared to $0.3 billion in 2021 [15]. Capital Expenditures and Investments - Capital expenditures for 2022 were $3.5 billion, up from $3.0 billion in 2021 [15]. - The company expects 2023 capital expenditures to increase to a range of $4.5 to $5.0 billion, reflecting project timing and market uncertainty [1016]. - Capital expenditures related to decarbonization projects are projected to rise to $0.4 billion in 2023, up from $0.2 billion in 2022, primarily due to the ArcelorMittal Dofasco DRI/EAF project [1016]. - The strategic pipeline for 2021-2024 has increased by $0.5 billion to $4.2 billion, including a new production unit for electrical steels in France [1016]. Future Outlook - In 2023, ArcelorMittal expects steel shipments to grow by approximately 5% compared to 2022 [1047]. - The company anticipates apparent demand recovery in 2023, with global apparent steel consumption (ASC) expected to increase by 2.0% to 3.0% after a contraction of 2.0% to 2.5% in 2022 [1047]. - In the US, ASC is projected to grow by 1.5% to 3.5% in 2023, despite lackluster real demand growth due to interest rate impacts [1048]. - In Europe, apparent demand is expected to recover by 0.5% to 2.5% in 2023 following a contraction of 7.0% to 7.5% in 2022 [1048]. - In India, ASC is expected to grow between 6.0% to 8.0% in 2023, indicating strong demand [1048]. Leadership and Governance - ArcelorMittal's management team includes family members of Lakshmi N. Mittal, ensuring continuity in leadership and strategic vision [1060][1062]. - The board of directors includes experienced professionals from diverse backgrounds, enhancing corporate governance and strategic oversight [1069][1071]. - ArcelorMittal's leadership is actively involved in various global councils and organizations, reflecting its commitment to industry standards and practices [1060][1062]. - The company emphasizes sustainability and corporate governance in its strategic initiatives, as highlighted by its board composition [1076]. Sustainability and Corporate Responsibility - ArcelorMittal's CEO Aditya Mittal emphasizes climate change as the top strategic issue, aiming to lead the decarbonization of the steel industry [1062]. - The company has a strong commitment to philanthropy, particularly in child health and education, as demonstrated by the contributions of its executives [1062].

ArcelorMittal 6-K EXHIBIT 99.1 ArcelorMittal reports fourth quarter 2022 results Luxembourg, February 9, 2023 - 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-month and twelve-month periods ended December 31, 2022. 2022 Key highlights: Priorities & Outlook: Page 1 • Health and safety focus: Protecting the health and wellbeing of the empl ...

ArcelorMittal S.A. (NYSE:MT) Q4 2022 Earnings Conference Call February 9, 2023 9:30 AM ET Company Representatives Lakshmi Mittal - Executive Chairman Aditya Mittal - Chief Executive Officer Genuino Christino - Chief Financial Officer Daniel Fairclough - Vice President, Investor Relations Conference Call Participants Alain Gabriel - Morgan Stanley Tristan Gresser - BNP Paribas Exane Patrick Mann - Bank of America Dominic O'Kane - JP Morgan Rochus Brauneiser - Kepler Cheuvreux Max Kogge - Oddo Philip Gibbs - ...