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ArcelorMittal (MT), a global leader in integrated steel and mining, provides critical materials for automotive, construction, and packaging industries worldwide. This page aggregates official announcements and verified updates, offering stakeholders a reliable resource for tracking the company’s strategic developments.
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ArcelorMittal has announced a second share buyback program worth US$1 billion, authorized at the annual general meeting on 4 May 2022. This adds to the previously announced US$1 billion buyback, totaling US$2 billion for 2022. The buyback aims to fulfill obligations under equity exchangeable debt, reduce share capital, and meet employee share program commitments. The program's completion is dependent on market conditions and is expected by the end of 2022. Notably, a significant shareholder has opted out of this program.
ArcelorMittal (MT) reported its 1Q 2022 results with an operating income of $4.4 billion and net income of $4.1 billion, reflecting resilience despite ongoing challenges from the Ukraine conflict. Free cash flow reached $1.5 billion, and EPS increased by 9% to $4.28. Although steel shipments declined 2.7% to 15.3 million tonnes, sales surged 5% year-over-year to $21.8 billion due to higher average steel prices. The company announced a $2 billion buyback program and ongoing investment in decarbonization projects, including renewable energy initiatives.
On May 4, 2022, ArcelorMittal held its Annual General Meeting (AGM) and Extraordinary General Meeting, with over 72% of voting rights represented. The meetings were conducted virtually due to Covid-19 restrictions. Shareholders approved key resolutions, including a dividend distribution of US$0.38 per share and the re-election of directors Mrs. Vanish Mittal Bhatia and Mr. Karel De Gucht for three years. A significant decision was made to cancel shares as part of a share buyback program, reducing the company’s issued share capital.
ArcelorMittal has released its 2021 Integrated Annual Review, emphasizing its commitment to transparency and responsibility. The report highlights support for 26,000 employees in Ukraine, investments in safety culture improvements, and significant decarbonization initiatives totaling $5.6 billion across several countries. With a focus on sustainable growth, the company aims to double female leadership by 2030 and achieve net zero emissions by 2050. The review underscores ArcelorMittal's strong financial results, driven by strategic investments and a commitment to environmental and social responsibility.
ArcelorMittal has successfully completed its US$1 billion share buyback program, announced on February 11, 2022. As of April 25, 2022, the company repurchased 31,751,960 shares, totaling €910,760,633.77 (approximately US$1 billion) at an average price of €28.68 per share. This buyback aims to enhance shareholder value and reflects the company's strong financial position. ArcelorMittal, a leading steel and mining company, reported revenues of US$76.6 billion in 2021, with plans to support sustainable steel production.
On April 25, 2022, ArcelorMittal announced its first quarter 2022 EBITDA sell-side analysts’ consensus, highlighting an average EBITDA estimate of $4,566 million from 17 analysts. This consensus was compiled by Vuma Consensus, based on analysts who consistently follow the company. ArcelorMittal emphasized it does not influence these estimates, which are formed independently by coverage analysts from a group of approximately 15-20 brokers. The company’s performance metrics, including revenues of $76.6 billion in 2021, indicate strong market positioning.
ArcelorMittal has signed a deal to acquire an 80% stake in voestalpine's Hot Briquetted Iron (HBI) plant in Corpus Christi, Texas, valued at $1 billion. The plant, operational since 2016, produces 2 million tonnes of HBI annually, a critical feedstock for steel production. A long-term offtake agreement ensures supply to voestalpine's mills in Austria. This acquisition enhances ArcelorMittal's capabilities in producing high-quality metallic feedstock and supports its decarbonisation goals through sustainable hydrogen-based production.
ArcelorMittal has released its statutory financial statements for the year ending 31 December 2021. The documents are available on the Luxembourg Stock Exchange's electronic database and ArcelorMittal's corporate website. In 2021, the company reported $76.6 billion in revenues and produced 69.1 million metric tonnes of crude steel, along with 50.9 million metric tonnes of iron ore. The company emphasizes its commitment to developing innovative steel solutions that are sustainable and support the transition to greener energy.
ArcelorMittal announces the convening notice for its Annual and Extraordinary General Meetings on May 4, 2022. Due to Covid-19, the meetings will be held virtually, allowing shareholders to vote electronically or by proxy. Shareholders must be on the record as of April 20, 2022, to participate. A virtual Q&A session is scheduled for the same day at 14:00 CET. Meeting documentation, including the Annual Report 2021, will be available on the company's website.
ArcelorMittal has made a notification regarding a share transaction by a Designated Person, in compliance with EU Market Abuse Regulations. This notification is accessible via the Luxembourg Stock Exchange’s OAM database and ArcelorMittal's website. In 2021, the company reported revenues of $76.6 billion and crude steel production of 69.1 million metric tonnes. ArcelorMittal aims to innovate with cleaner, stronger steels while focusing on electric vehicles and renewable energy infrastructure.
