Welcome to our dedicated page for Arcelormittal news (Ticker: MT), a resource for investors and traders seeking the latest updates and insights on Arcelormittal stock.
ArcelorMittal (MT) news covers a broad range of topics reflecting its role as a global integrated steel and mining company. With a presence in 60 countries and primary steelmaking operations in more than a dozen countries, the company regularly publishes updates on its operating performance, regional segments, capital structure and strategic projects. As the largest steel producer in Europe and among the largest in the Americas, ArcelorMittal’s announcements are closely followed by investors and industry participants.
On this page, readers can find earnings and results releases, including quarterly and half-year reports that detail sales, EBITDA, crude steel production, steel shipments and iron ore production across segments such as North America, Brazil, Europe, Sustainable Solutions and Mining. The company also releases information on its financial calendar, outlining planned dates for future earnings announcements and its Annual General Meeting of shareholders.
ArcelorMittal news also includes strategic and sustainability-related updates. Recent press releases describe the expansion of its renewable energy portfolio, with new solar and wind projects in India designed to supply clean electricity to AMNS India and deliver CO2 savings, as well as renewable projects in Brazil and Argentina. Other items cover corporate transactions, such as the completion of the sale of its Bosnia steel and mining operations, and capital markets activity like the issuance of euro-denominated notes under its Euro Medium Term Notes programme.
Governance and regulatory communications form another important category, including notifications of share transactions by designated persons and information on share buyback and treasury share cancellation. By following ArcelorMittal news, users can track developments in its steel and mining operations, energy transition initiatives, regional strategies and capital markets actions over time.
ArcelorMittal has announced that notifications regarding share transactions conducted by Designated Persons (Directors or Executive Officers) are now publicly available. These notifications, in compliance with Article 19(3) of the EU Market Abuse Regulations, can be accessed through two official channels: the Luxembourg Stock Exchange's electronic database OAM at www.bourse.lu and ArcelorMittal's corporate website under the Investors section.
ArcelorMittal has announced the pricing of a dual-tranche bond offering totaling €1 billion, consisting of €500 million 3.125% notes due December 2028 and €500 million 3.500% notes due December 2031. The Notes will be issued under ArcelorMittal's €10 billion wholesale Euro Medium Term Notes Programme. The proceeds will be used for general corporate purposes and refinancing existing debt. The offering is expected to close on December 13, 2024, subject to customary conditions.
ArcelorMittal has announced its financial calendar for 2025, scheduling quarterly earnings results announcements for: February 6 (Q4 and full year 2024), May 2 (Q1 2025), July 31 (Q2 and half year 2025), and November 6 (Q3 2025). The Annual General Meeting of Shareholders is set for May 6, 2025.
The company, as one of the world's leading integrated steel and mining companies, operates in 60 countries with primary steelmaking facilities in 15 countries. In 2023, ArcelorMittal generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel and 42.0 million tonnes of iron ore.
ArcelorMittal has provided an update on its European decarbonization plans, indicating delays in its transition to lower-carbon DRI-EAF facilities. The company cites unfavorable European policy conditions, slow green hydrogen development, and customer willingness to pay premiums for low-carbon steel as key challenges. While maintaining its net-zero by 2050 commitment, the company is analyzing a phased approach starting with electric arc furnaces.
Current progress includes construction of a 1.1 million tonne EAF in Gijón, Spain, and expansion of Sestao plant capacity to 1.6 million tonnes by 2026. XCarb® low-carbon steel sales are expected to double to 400,000 tonnes this year. European operations have reduced absolute emissions by 28.2% since 2018.
ArcelorMittal reported Q3 2024 results with operating income of $0.7bn (vs $1.0bn in Q2 2024) and EBITDA of $1.6bn (vs $1.9bn in Q2 2024). Net income decreased to $287 million from $504 million in Q2. The company's net debt increased to $6.2bn following the acquisition of a 28.4% stake in Vallourec for $1.0bn and $0.3bn in share buybacks. Despite challenging market conditions, ArcelorMittal maintains structural improvements with EBITDA/t of $118/t in Q3. The company continues its share buyback program, having reduced share count by 37% since September 2020.
ArcelorMittal has released its third quarter 2024 sell-side analyst consensus figures, compiled by Visible Alpha from approximately 15 brokers who regularly cover the company. The consensus estimates for Q3 2024 project EBITDA of $1,488 million, net income of $420 million, and earnings per share of $0.53. The consensus is based on forecasts from 13 different brokers who have updated their estimates to reflect the Group's new EBITDA definition and reportable segmentation.
The VELUX Group has signed a 10-year agreement with ArcelorMittal for the supply of recycled and renewably produced steel. This partnership aims to reduce the carbon footprint of steel used in VELUX roof windows by up to 70% compared to conventional steel. By 2025, VELUX plans to incorporate ArcelorMittal's XCarb® steel in several components of their roof windows.
XCarb® is manufactured with a minimum of 75% recycled steel and uses 100% renewable electricity. It is produced in an electric arc furnace powered by renewable energy sources at ArcelorMittal's facility in Northern Spain. This initiative is part of VELUX's broader strategy to reduce its scope 3 upstream emissions by 50% by 2030.
ArcelorMittal (MT) has announced a definitive Equity Purchase Agreement with Nippon Steel (NSC) to acquire NSC's 50% stake in the AM/NS Calvert Joint Venture. This transaction, requested by NSC to address regulatory concerns related to its pending acquisition of US Steel, is contingent on NSC completing the US Steel deal. ArcelorMittal will pay $1 for the transaction, while NSC will inject cash and forgive partner loans totaling approximately $0.9 billion.
AM/NS Calvert, acquired in 2014, is North America's most advanced finishing facility, supplying high-quality steel to demanding customers. It features a state-of-the-art hot strip mill, continuous pickling line, coating lines, and a new 1.5mtpa electric arc furnace under construction. The facility plays a important role in supplying domestic manufacturing industries and is considering further investments to enhance its capabilities.
ArcelorMittal has released recommendations from a comprehensive workplace safety audit conducted by dss+ over nine months. The audit, commissioned in late 2023, covered fatality prevention standards, process safety management, and in-depth assessments of health and safety systems across the company's global operations.
Key findings include:
- ArcelorMittal has appropriate policies and standards, but implementation varies across the group
- There's a need to establish 'one safety culture' across the diverse organization
- Contractor safety management requires improvement
The audit resulted in six main recommendations, focusing on improving risk identification, strengthening assurance models, embedding safety culture, enhancing contractor safety management, adopting best practices for process safety management, and integrating safety into business processes.
ArcelorMittal has begun implementing these recommendations and will provide regular updates on progress towards achieving zero fatalities and serious injuries.
On the 20th anniversary of ArcelorMittal Poland, ArcelorMittal Europe CEO Geert Van Poelvoorde calls for European Union support and a firm action plan for steel to keep steelmaking alive in Europe. Since Mittal Steel acquired Polskie Huty Stali in 2004, the business has been transformed through significant investment, reducing carbon dioxide emissions by 42%, dust emissions by 90%, and energy consumption by 40%.
Van Poelvoorde emphasizes the intense pressure on European steelmakers due to high costs and cheap imports. He urges the Polish government's support during its upcoming European Council Presidency, particularly in finalizing the Carbon Border Adjustment Mechanism (CBAM) legislation. The CEO highlights the critical nature of the first six months of 2025 in defining the Commission's steel and metals action plan and the Clean Industrial Deal.
Van Poelvoorde expresses optimism about recent European Commissioner appointments, particularly the proposed Commissioner for Prosperity and Industrial Policy's focus on developing a steel and metals action plan. He stresses the importance of a strong steel industry for Europe's economic power and warns against decarbonizing through de-industrialization.
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