ArcelorMittal publishes its 2020 report on Payments to Governments in respect of Extractive Industries

Rhea-AI Summary

ArcelorMittal has released its 2020 report on Payments to Governments regarding its mining sector. This report details the financial contributions made to governments and complies with Luxembourg law. In 2020, ArcelorMittal generated revenues of $53.3 billion and produced 71.5 million metric tonnes of crude steel. The company aims to innovate in steel production, emphasizing sustainability and efficiency. The full report can be accessed through the company's website.

Positive

• Generated revenues of $53.3 billion in 2020.
• Produced 71.5 million metric tonnes of crude steel.
• Focus on innovative and sustainable steel production processes.

Negative

• None.

29 June 2021, 18:00 CET

 

ArcelorMittal (’the Company’) has today filed its 2020 report on Payments to Governments in respect of Extractive Activities, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2020 to governments regarding its mining operations.

 

The report, which complies with reporting requirements under Luxembourg law, is available for download from corporate.arcelormittal.com within the 'Investors' section.

 

ENDS

About ArcelorMittal

 

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes.

 

Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future.

 

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

 

For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/

 

 

Contact information ArcelorMittal Investor Relations
General	+44 20 7543 1128
Retail	+44 20 3214 2893
SRI	+44 20 3214 2801
Bonds/Credit E-mail	+33 171 921 026 investor.relations@arcelormittal.com
Contact information ArcelorMittal Corporate Communications
Paul Weigh Tel: E-mail:	+44 20 3214 2419 press@arcelormittal.com

 

FAQ

What are the key financial figures from ArcelorMittal's 2020 report?

ArcelorMittal reported revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes in 2020.

When was ArcelorMittal's 2020 Payments to Governments report released?

The report was released on June 29, 2021.

How does ArcelorMittal ensure compliance with reporting requirements?

The report complies with Luxembourg law and provides an overview of payments made to governments.

Where can I find ArcelorMittal's 2020 report on Payments to Governments?

The report is available for download from the 'Investors' section on the ArcelorMittal corporate website.

What is ArcelorMittal's focus for future steel production?

The company aims for innovative steel production that is cleaner, more energy-efficient, and supports renewable energy infrastructure.