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Last €18.85 EUR
Change Today 0.00 / 0.00%
Volume 0.0
As of 11:50 AM 01/13/15 All times are local (Market data is delayed by at least 15 minutes).

arcelormittal (MTP) Snapshot

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arcelormittal (MTP) Details

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Europe; Brazil and Neighboring Countries (Brazil); Africa & Commonwealth of Independent States (ACIS); and Mining. It produces finished and semi-finished steel products. The company’s products include flat products, such as slabs, plates, hot-and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, and tinplate and color coated coils and sheets; and seamless and welded pipes and tubes. It also offers long products, including blooms and billets, bars, wire-rods, structural sections, rails, sheet piles, and wire-products. The company provides its steel products to the automotive, appliance, engineering, construction, energy, and machinery industries. ArcelorMittal sells its products in local markets and through a centralized marketing organization in approximately 170 countries. In addition, the company produces mining products, including iron ore lumps, fines, concentrates, and sinter feeds, as well as coking, pulverized coal injection, and thermal coal. The company has iron ore mining activities in Algeria, Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, Ukraine, and the United States, as well as has mining developments in Canada and India; and coal mining activities in Kazakhstan and the United States. ArcelorMittal was founded in 1976 and is headquartered in Luxembourg.

222,327 Employees
Last Reported Date: 02/26/15
Founded in 1976

arcelormittal (MTP) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2014.

arcelormittal (MTP) Key Developments

ArcelorMittal to Invest $1.2 Billion in Ukraine

ArcelorMittal which owns ArcelorMittal Kryvyi Rih (Dnipropetrovsk region), plans to invest $1.2 billion in Ukraine in the coming years.

ArcelorMittal Not Planning to Divest Assets

ArcelorMittal (ENXTAM:MT) may not sell assets. PJSC ArcelorMittal Kryviy Rih in a response to an article published by KazTAG by saying that the company no current plans to sell its assets in Kazakhstan, Ukraine or South Africa. Interfax quoted ArcelorMittal sa saying, “ArcelorMittal confirms that it has no current plans to sell it's assets in Kazakhstan, Ukraine or South Africa.” The statement added, “Operating conditions in these regions are very challenging, due to a combination of low economic activity and a falling demand for steel that is further exacerbated by high levels of imports, from China and elsewhere. The devaluation of the ruble is also affecting competitiveness in Kazakhstan. The company is therefore focused on implementing measures to improve the operational performance of the plants.” ArcelorMittal Kryvyi Rih’s Chief Executive Offiver, Paramjit Kahlon said at a trade union conference that ArcelorMittal has invested $1.2 billion ArcelorMittal Kryvyi Rih and the company has no plans to sell the enterprise due to the difficult situation on the metal product markets.

ArcelorMittal, LanzaTech and Primetals Technologies Announce Partnership to Construct Breakthrough EUR 87 Million Biofuel Production Facility

ArcelorMittal, LanzaTech, and Primetals Technologies announced they have entered into a letter of intent to construct Europe's first-ever commercial scale production facility to create bioethanol from waste gases produced during the steelmaking process. The resulting bioethanol can cut greenhouse gas emissions by over 80% compared with conventional fossil fuels. It will predominantly be used in gasoline blending, but it can also be further processed into other products such as drop in jet fuel. The 47,000 ton ethanol/annum project, sufficient to fuel half a million cars with ethanol blended gasoline, will demonstrate the added value of recycling waste streams, not only by reducing emissions at source, hence reducing ArcelorMittal's direct carbon footprint, but by keeping fossil fuels in the ground through the production of commodity chemicals and fuels that would otherwise be made from oil. Approximately 50% of the carbon used in the chemistry of steelmaking leaves the process as carbon monoxide. This waste gas stream is combusted as carbon dioxide and either flared or used to heat and power the steel mill. In either case, the resulting CO2 is emitted. As the production of bioethanol is a new activity, ArcelorMittal intends to set up a joint venture company for the roll out of this technology with dedicated partners. Financing will be sought from a number of different sources. A total of EUR 10.2 million has been secured under the EU's 2020 Horizon programme for research and development and talks are currently taking place with potential equity and debt partners. Primetals Technologies will be responsible for part of the engineering, automation, key equipment and commissioning.


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