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 ...

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]

Group 1: Investment and Decarbonization Efforts - ArcelorMittal has begun construction of an electric arc furnace (EAF) for long products at its Gijon plant, with an investment of €213 million (approximately $230 million), marking a significant step in the European decarbonization program [1] - The new EAF process will reduce CO2 emissions by over 35%, potentially achieving a reduction of 1 million tons of CO2 equivalent annually once fully operational [1] - This project positions the Long Products division in Asturias as a leader in European decarbonization efforts and is the first major investment under ArcelorMittal's decarbonization strategy in Europe [2] Group 2: Production and Market Demand - The advanced EAF technology will enable the production of high-value rails and wire rods, catering to sectors such as automotive, construction, and rail infrastructure, which have strict carbon criteria [2] - ArcelorMittal anticipates a rebound in apparent demand in 2024 due to low inventory levels in Europe, projecting global steel consumption growth (excluding China) of 3-4% [3] - The company expects increases in steel consumption of 1.5-3.5% in the United States, 2-4% in Europe, 0.5-2.5% in Brazil, and 6.5-8.5% in India [3] Group 3: Financial Outlook and Capital Expenditure - ArcelorMittal plans capital expenditures of $4.5-$5 billion for the year, with $1.4-$1.5 billion allocated to strategic growth projects [3] - The company remains optimistic about medium to long-term steel demand prospects and is committed to providing shareholder returns [3]

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 ...

Core Insights - ArcelorMittal reported a significant recovery in financial performance for Q1 2024, with net income of $0.9 billion compared to a net loss of $3.0 billion in Q4 2023, driven by improved steel prices and shipment volumes [2][15][14] - The company is focused on organic growth through strategic capital expenditures, aiming to enhance EBITDA potential by approximately $1.8 billion by the end of 2026 [3][34] - Health and safety remain a top priority, with ongoing audits aimed at achieving zero serious injuries and fatalities [2][9] Financial Performance - Q1 2024 sales increased by 11.9% to $16.3 billion from $14.6 billion in Q4 2023, attributed to higher average steel selling prices (+4.8%) and increased steel shipment volumes (+1.4%) [14][15] - EBITDA for Q1 2024 rose by 34.6% to $1.956 billion compared to $1.454 billion in Q4 2023, reflecting improved results across North America, Brazil, Europe, and India [14][15] - The company experienced a free cash outflow of $1.4 billion in Q1 2024 due to seasonal working capital needs and capital expenditures [16] Operational Highlights - Steel shipments increased by 5.0% in Q1 2024 compared to Q4 2023, with crude steel production reaching 14.4 million tonnes [2][41] - The company has made strategic investments in growth projects, including a 28% stake acquisition in Vallourec for approximately $1.1 billion, enhancing its position in the value-added tubular market [3][34] - The company’s net debt increased to $4.8 billion at the end of Q1 2024, up from $2.9 billion at the end of Q4 2023, primarily due to seasonal working capital investments [16] Regional Performance - North America saw a 13.8% increase in sales to $3.3 billion in Q1 2024, driven by higher average steel selling prices and increased shipments [19] - In Brazil, sales rose by 12.6% to $3.1 billion, although steel shipments declined by 10.7% due to seasonal inventory build and lower domestic demand [21] - Europe reported an 18.4% increase in sales to $7.8 billion, attributed to improved shipment volumes following destocking [24] Strategic Initiatives - The company is advancing its decarbonization projects, including a 1GW renewables project in India and the Vega CMC project in Brazil, expected to commence operations in H1 2024 [3][7] - ArcelorMittal plans to maintain a minimum of 50% return of post-dividend free cash flow to shareholders through share buyback programs [3][34] - The company is also focused on producing low-carbon steel, with plans to showcase its XCarb® products during the Paris Olympics [7][34]

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. ...

Wall Street analysts expect ArcelorMittal (MT) to post quarterly earnings of $0.93 per share in its upcoming report, which indicates a year-over-year decline of 26.8%. Revenues are expected to be $15.4 billion, down 16.7% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 12.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's e ...

Core Insights - ArcelorMittal published its 2023 Integrated Annual Review (IAR) titled 'Preparing for the future', focusing on sustainability, safety, and stakeholder engagement [1][5] Group 1: Business Overview - The company generated revenues of $68.3 billion in 2023, produced 58.1 million metric tonnes of crude steel, and 42.0 million tonnes of iron ore [7] - ArcelorMittal operates in 60 countries, with primary steelmaking operations in 15 countries, making it the largest steel producer in Europe and a significant player in the Americas and Asia [7] Group 2: Sustainability and Safety - The IAR includes updates on climate-related risks, scope 3 emissions, and certifications to ESG standards like ResponsibleSteel™ [1] - A comprehensive independent safety audit was launched in December 2023 to enhance safety performance across operations [2] - The company emphasizes a culture of safety and care, which is essential for operational success and employee engagement [3] Group 3: People and Culture - ArcelorMittal employs 150,000 people directly and focuses on attracting and developing talent through a people strategy based on leadership, talent development, and diversity and inclusion [4] - The company is advancing its Diversity and Inclusion roadmap to foster engagement and productivity [6] Group 4: Strategic Goals - The IAR outlines the company's commitment to decarbonization, community engagement, and sustainable practices within the natural environment [5][6] - The company aims to produce innovative steels that use less energy, emit less carbon, and support renewable energy infrastructure [8]