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ArcelorMittal

ArcelorMittal

ArcelorMittal is a multinational steel manufacturing corporation founded in 2006 by Lakshmi Mittal.

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Timeline

March 17, 2021
ArcelorMittal launches 'XCarbTM innovation fund.

March 17, 2020
Nippon Steel Corp joint venture with ArcelorMittal has signed a $5.15 billion loan agreement with Japanese banks, including Japan Bank for International Cooperation.
April 22, 2019
ArcelorMittal announces that it has received European Commission ('EC') approval for the sale of several steelmaking assets to Liberty House Group.
2019
ArcelorMittal announces publication of its 2019 half-year report
2018
In 2018, ArcelorMittal had revenues of $76.0 billion.

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June 28, 2021
WebWire
As previously announced in ArcelorMittal's ('the Company') first quarter 2021 financial results, following the Company's steps to streamline and optimise its business, primary responsibility for the management of its captive mining operations (those mining operations which primarily serve the Company's steel operations) will be moved from its Mining segment to the relevant steel segment. The Mining segment will retain responsibility for the operation of the seaborne-oriented mining operat...
May 6, 2021
mint
ArcelorMittal said on Thursday first-quarter core profit (EBITDA) was $3.24 billion, more than triple the year-ago figure of $967 million
BS Web Team
April 8, 2021
@bsindia
Infosys to deliver next-generation application and business process management services to ArcelorMittal
March 17, 2021
WebWire
ArcelorMittal ('the Company') today announces it is launching the 'XCarbTM innovation fund', which anticipates investing up to $100 million annually in companies developing technologies with the potential to support and accelerate the transition to net zero carbon steelmaking. The fund is a part of ArcelorMittal's wider XCarbTM sustainability initiative launched today to drive progress towards carbon neutral steel. To be eligible for funding, companies must be developing directly applicable...
Krishna Kant
March 15, 2021
@bsindia
Indias public debt at 89.3% of GDP is one of the highest among EMs
Eddie Spence | Bloomberg
February 11, 2021
@bsindia
The company also said it will pay a dividend of 30 cents a share. The steelmaking giant halted payouts following a collapse in demand last year
Ishita Ayan Dutt
January 5, 2021
@bsindia
Plant capacity pegged at 12 mn tonnes, firm plans state-of-the-art of rail mill, hot strip mill, value-added long and flat product capacities in the state
Ishita Ayan Dutt
January 3, 2021
@bsindia
Uttam Galvas total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors
December 11, 2020
The Economic Times
"The agreement provides for a significant financial commitment from the Italian state and represents an important step towards the decarbonisation of the Taranto plant," Italy's economic development minister, Stefano Patuanelli, said in a statement.
Ishita Ayan Dutt
December 6, 2020
@bsindia
As per earlier NCLT Ahmedabad Bench order, ArcelorMittal had to pay Rs 1,300 cr for using pipeline to run Essar Steel by Dec 15
November 19, 2020
WebWire
DB Cargo has signed a ten-year contract with ArcelorMittal, the world's largest steel company and Europe's largest steel producer, to supply its blast furnace in Eisenhüttenstadt, Germany. Thanks to the contract, which runs until 2031, DB Cargo will ensure that raw materials are delivered to one of Germany's largest sites in the steel industry. DB Cargo is investing in world-class logistics for its customer. By next summer, it will purchase 352 multi-functional double wagons and 1,408 spe...
Ishita Ayan Dutt
November 11, 2020
@bsindia
Tribunal responds to Srei Infra plea, holds charges for use of slurry pipeline for running Essar Steel as a going concern during CIRP period are insolvency resolution process costs
August 13, 2020
WebWire
Today, ArcelorMittal announced its intention to build an Electric Arc Furnace (EAF) steel making facility at AM/NS Calvert. Once completed the planned facility will be capable of producing 1.5Mt of steel slabs for the Hot Strip Mill and producing a broad spectrum of steel grades required for Calvert's end user markets. Construction is expected to take 24 months and the new facility is anticipated to create 300 additional jobs in the community. Commenting, Mr. Lakshmi Mittal, Chairman and...
Press Trust of India
July 30, 2020
@bsindia
Total steel shipments in the second quarter of 2020 declined 23.7 per cent to 14.8 million tonne (MT), significantly impacted by the adverse effects of Covid-19 pandemic across all regions
Press Trust of India
July 26, 2020
@bsindia
Essar Steel owns a 10 million tonnes per annum steel plant at Hazira in Gujarat, which is serviced by a captive jetty constructed at port.
Reuters Editorial
June 9, 2020
IN
- The Italian government rejected ArcelorMittal's latest plan for the loss-making Ilva steel plant on Tuesday which it said included major job cuts and went back on investment pledges as workers held a strike to protest the plan.
Reuters Editorial
June 7, 2020
IN
Unions representing workers at the Ilva steel plant in southern Italy called a strike for Tuesday to protest at reported plans by ArcelorMittal for thousands of job cuts at the struggling facility.
Philip Blenkinsop
May 12, 2020
U.S.
ArcelorMittal , the world's largest steelmaker, is issuing $2 billion of shares and convertible notes at a deep discount to accelerate debt reduction plans that have been slowed by the COVID-19 pandemic.
Reuters Editorial
May 7, 2020
IN
ArcelorMittal, the world's largest steelmaker, reported slightly higher than expected first quarter profits, but sharply declining earnings in the second quarter because of the COVID-19 pandemic.
Press Trust of India
April 1, 2020
@bsindia
In the order the London High Court said there was no grounds to order a global freeze on the Ruia and Essar assets
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