ArcelorMittal ('the Company') today announces the publication of its third quarter 2024 sell-side analyst consensus figures. The consensus figures are based on analysts' estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha. To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of approximately ...

ArcelorMittal S.A. (MT) has collaborated with ABB to introduce XCarb steel, made using high quantities of recycled steel and 100% renewable energy, for ABB’s dependable Kabeldon power distribution system. The sustainable sourcing agreement reduces the carbon footprint of crucial electrification equipment by 29%. ArcelorMittal's XCarb helps ABB fulfill its sustainability goals by lowering the carbon impact of its products. Customers have relied on Kabeldon power distribution systems for decades to offer depe ...

ArcelorMittal S.A. (MT) has signed a 10-year agreement with VELUX Group to supply recycled and renewably produced steel.Last year, the two companies decided to form an alliance to reduce the carbon footprint of steel used in VELUX roof windows by up to 70% compared to conventionally produced steel. The agreement included testing and validating ArcelorMittal's XCarb recycled and renewably manufactured steel, as well as its performance in VELUX roof window hinges and installation brackets.The signing of this ...

The VELUX Group has entered a 10-year agreement with ArcelorMittal concerning the supply of recycled and renewably produced steel. In 2023, the two companies agreed to enter a partnership to lower the carbon footprint of the steels used in VELUX roof windows by up to 70 percent, compared with conventionally produced steel. This co-operation involved the testing and validation of ArcelorMittal’s XCarb® recycled and renewably produced steel and its performance in VELUX roof window hinges and installation brac ...

ArcelorMittal S.A. (MT) recently announced that it has signed a definitive equity purchase agreement with Nippon Steel Corporation ("NSC") to acquire NSC's 50% equity stake in the AM/NS Calvert joint venture (JV). The transaction was entered into at NSC's request to address regulatory issues related to its agreed acquisition of US Steel. The deal is contingent on NSC completing its pending acquisition of U.S. Steel, which is subject to numerous regulatory requirements. Per the terms of the agreement, Arcelo ...

11 October 2024, 08:30 CET ArcelorMittal (the “Company”, “Group”) announces it has entered into a definitive Equity Purchase Agreement (the “Agreement”) with Nippon Steel Corporation (“NSC”) pursuant to which ArcelorMittal will purchase NSC’s 50% equity interest in the AM/NS Calvert Joint Venture (the “Transaction”). The Transaction has been entered in to at the request of NSC to address regulatory concerns pursuant to its agreed acquisition of US Steel. The Transaction is subject to NSC completing its pend ...

9 October 2024, 08:00 CET ArcelorMittal (the 'Company' or the 'Group') has today published the recommendations of the comprehensive dss+ workplace safety audit that was commissioned at the end of 2023, against the backdrop of a clear necessity to strengthen Group safety performance. The audit, which was ongoing for nine months across all geographies, functions and levels of the organization, had three main scopes: 1.   Fatality prevention standards for the three main occupational risks leading to serious i ...

ArcelorMittal (MT) Fos-sur-Mer recently commissioned its ladle furnace, marking a significant milestone in the French plant's contribution to the steel industry's energy transformation.The ladle furnace is a steel reheating station that can enhance the amount of recycled steel in the end product by up to five times its current volume. The ladle furnace's commissioning will lower the amount of hot metal consumed by 10% as early as 2025. The new facility features two ladle stands, each holding more than 330 t ...

30th September 2024, 15:45 CET On the occasion of the 20th anniversary of ArcelorMittal Poland, ArcelorMittal Europe CEO Geert Van Poelvoorde calls for European Union support for emergency trade measures, and a firm action plan for steel, to keep steelmaking alive in Europe It is 20 years since Mittal Steel acquired Polskie Huty Stali in 2004, when the business was put up for privatisation by the Polish government. Since then, the business has been transformed and modernised through significant investment. ...

ArcelorMittal S.A. (MT) announced a $5-million investment in Utility Global through its XCarb Innovation Fund, which was launched in 2021. The fund backs companies that develop breakthrough technologies aimed at decarbonizing steel production. This investment forms part of Utility Global's $53 million Series C funding round, led by Ontario Power Generation.Utility Global developed a patented reactor capable of processing variable industrial gases without electricity, converting them into high-purity hydroge ...