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Last €18.85 EUR
Change Today 0.00 / 0.00%
Volume 0.0
MTP On Other Exchanges
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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, Q2 2015 Earnings Call, Jul 31, 2015

ArcelorMittal, Q2 2015 Earnings Call, Jul 31, 2015

United Steelworkers Union Balks at ArcelorMittal's Draconian Contract Proposal

United Steelworkers union said that ArcelorMittal's proposed new labour contract for US facilities is too draconian to be accepted. ArcelorMittal wants a three-year pact with no wage increases, deep cuts in benefits for both active and retired workers, and a two-tier compensation system that would see new workers earn less than current employees. The union accused ArcelorMittal of having 'cherry picked' parts of USW contracts from other industries. ArcelorMittal declined to comment on the union's remarks. The company also wants to stop contributing to the union's voluntary employee beneficiary association in a bid to 'eliminate benefits for legacy retirees and also wants to slash healthcare costs by reducing coverage and increasing monthly premiums. Other proposals include lower incentive payments for some workers, no incentives for others and more limited vacation, sickness and accident benefits.

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.


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