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ArcelorMittal S.A.: ArcelorMittal publishes its 2023 Payments to Governments in respect of Extractive Industries report
GlobeNewswire News Room· 2024-07-01 09:29
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 mining operations. The report, which complies with reporting requirements under Luxembourg law, is available for download from https://corporate.arcelormittal.com/corporate-library. ENDS About ArcelorMittal ArcelorMittal is one of the w ...
ArcelorMittal(MT) - 2024 Q1 - Earnings Call Presentation
2024-06-24 14:33
1Q 2024 Results May 2, 2024 Genuino Christino, Chief Financial Officer Daniel Fairclough, Head of Investor Relations 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 expectationswith respect to future operations, products and services, and statements regarding future perfor ...
Blackrock Inc. shareholding notification
Newsfilter· 2024-06-12 16:30
12 June 2024, 18:30 CET ArcelorMittal (the ‘Company') announces that on 12 June 2024 it received a shareholding notification from BlackRock Inc.. According to this notification, the following threshold of (potential) voting rights was reached: 4.99% on 10 June 2024. This notification is available in the Luxembourg Stock Exchange's OAM electronic database on www.bourse.lu and on the Company's website corporate.arcelormittal.com under ‘Investors - Corporate Governance - Shareholding structure'. This notificat ...
Blackrock Inc. shareholding notification
GlobeNewswire News Room· 2024-06-12 16:30
12 June 2024, 18:30 CET ArcelorMittal (the ‘Company’) announces that on 12 June 2024 it received a shareholding notification from BlackRock Inc.. According to this notification, the following threshold of (potential) voting rights was reached: 4.99% on 10 June 2024. This notification is available in the Luxembourg Stock Exchange’s OAM electronic database on www.bourse.lu and on the Company’s website corporate.arcelormittal.com under ‘Investors - Corporate Governance - Shareholding structure’. This notificat ...
ArcelorMittal Announces Pricing of Bond Issue
Newsfilter· 2024-06-11 06:00
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 Announces Pricing of Bond Issue
GlobeNewswire News Room· 2024-06-11 06:00
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 (MT) & Materialise Partner for Metal 3D Printing
ZACKS· 2024-06-05 14:05
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 ...
ArcelorMittal (MT) Buys Italpannelli's Italy & Spain-Based Units
ZACKS· 2024-06-03 10:40
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 (MT) and Partners Test CO2 Capture Technology
zacks.com· 2024-05-23 15:51
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 ...
Trial carbon capture unit begins operating on Blast Furnace at ArcelorMittal Gent, Belgium
globenewswire.com· 2024-05-22 05:25
Core Insights - ArcelorMittal, in collaboration with Mitsubishi Heavy Industries, BHP, and Mitsubishi Development, has launched a pilot carbon capture unit at its Gent site in Belgium to test the feasibility of capturing emissions from steel production [1][2][4] Group 1: Pilot Project Details - The pilot carbon capture unit will operate for one to two years, aiming to capture a significant portion of emissions if successful [1] - Initial testing will focus on blast furnace and reheating furnace gas, with potential future trials on other steelmaking gases [2] - The trial will consist of two phases: the first phase aims to capture approximately 300 kg of CO2 per day from the blast furnace top gas, while the second phase will target CO2 from the reheating furnace [5] Group 2: Industry Impact and Goals - The development of this carbon capture solution could contribute to CO2 transport and storage projects in the North Sea and support global decarbonization efforts in steel production [3] - The EU aims for an annual CO2 storage capacity of 50 million tonnes by 2030, highlighting the importance of carbon capture technologies [3] - The International Energy Agency estimates that CCUS technology must be applied to over 37% of primary steel production by 2050 to meet net-zero emissions targets [3] Group 3: Stakeholder Perspectives - ArcelorMittal's CEO emphasized the company's decarbonization strategy, which includes energy efficiency, replacing coal with gas and electrification, and circular carbon use [5] - MHI's Senior Vice President highlighted the pilot as a significant milestone in the steel industry's journey toward net-zero emissions [5] - BHP's representative noted the importance of proving the feasibility of carbon capture technology for reducing emissions intensity in steel production [5]