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arcelormittal (MTP) Details

ArcelorMittal, Société Anonyme, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates in six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; AACIS; Distribution Solutions; and Mining. It produces a range of finished and semi-finished steel products. The company offers flat products, including sheet and plate products; and long products, such as bars, rods, and structural shapes, as well as produces pipes and tubes for various applications. ArcelorMittal, Société Anonyme sells its steel products primarily in local markets and through its centralized marketing organization in approximately 170 countries. The company provides its steel products to the automotive, appliance, engineering, construction, and machinery industries. It also produces various types of 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 mining developments in Canada and India; and coal mining activities in Kazakhstan, Russia, and the United States, as well as coal mining projects under development in India. ArcelorMittal, Société Anonyme was founded in 1976 and is headquartered in Luxembourg.

230,000 Employees
Last Reported Date: 08/5/14
Founded in 1976

arcelormittal (MTP) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $2.3M
Compensation as of Fiscal Year 2013.

arcelormittal (MTP) Key Developments

ArcelorMittal, Marcegaglia In Ilva Takeover Talks With Italian ministry

ArcelorMittal (ENXTAM:MT) and Marcegaglia S.p.A are in takeover talks with the Italian Ministry of Economic Development. Ilva could be split into two companies, with profitable assets being sold off and the remainder of the company remaining in government hands, were dismissed by ministry sources as false. ArcelorMittal confirmed that it is working with Marcegaglia to evaluate the opportunity of purchasing the Ilva business, but declined to give any further details about the meeting. Marcegaglia, which has said it is interested in acquiring Ilva as part of a joint venture, also confirmed its presence at the meeting Ilva's main asset is a 11.2 million tpy flat steel, plate and tube plant in Taranto.

ArcelorMittal Presents at Sanford C. Bernstein's 11th Annual Pan-European Strategic Decisions Conference, Sep-17-2014

ArcelorMittal Presents at Sanford C. Bernstein's 11th Annual Pan-European Strategic Decisions Conference, Sep-17-2014 . Venue: Landmark Hotel, London, United Kingdom. Speakers: Hetal Patel, Investor Relations General Manager, Valérie Mella, IR Specialist.

ArcelorMittal Introduces New Lightweight Steel Pick-Up Frame

ArcelorMittal unveiled a new truck frame that can cut the weight of a pick-up chassis by about 23% or 384 pounds, as it looks to compete against a trend of increased use of aluminium as an alternative material for lower-weight vehicles. The new range of steel products saves weight in a pick-up's cab, box, frame and closures, it is claimed. The company says these savings would ensure pick-ups meet European Union emission standards, as well as similar US rules. The company said that it has created two sets of steel solutions, after launching S-in motion solutions for C-segment cars. The first set uses currently available high-strength steels and press-hardenable steel grades, including Usibor 1500 and Ductibor 500, to achieve weight reductions compared with a 2014 model-year baseline vehicle. The second set of steel solutions uses emerging grades which are in the final stages of development. The S-in motion Steel PickUp also meets OEMs' acceptance criteria and has been validated for all major automotive crash, safety and stiffness standards, and it predicts the weight reduction would eliminate 14 grams of carbon-dioxide-equivalent emissions per kilometre. The new products were launched at the company's Calvert, Alabama (United States), plant, which it owns with Nippon Steel.


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