Steel being coiled at an ArcelorMittal facility in Brazil
ArcelorMittal S.A. is a Luxembourg-basedmultinationalsteel manufacturing corporation headquartered inLuxembourg City. It is ranked second on thelist of steel producers behindBaowu, and had an annual crude steel production of 78 million metric tonnes in 2023.[1] It has steel-making operations in 15 countries,including 37 integrated and mini-mill steel-making facilities.[1] In 2023, the company's production was 39% in the Americas, 50% in Europe and 11% in other countries, such as South Africa and Ukraine.[1] The company is vertically-integrated and produces 57% of itsiron ore needs, 7% of its coal needs, 98% of itscoke needs, and 59% of itsscrap anddirect reduced iron needs.[1]
The company is 39.87% owned byLakshmi Mittal and his family and 56.20% of the company is publicly traded.[1]
The Company has iron ore mining activities in Brazil, Bosnia, Canada, Liberia, Mexico, Ukraine, South Africa and, via its joint venture in India and associate inBaffinland in Canada.[1] The company'smarket share in the production of steel for theautomotive industry is 15%.[1]
The company makes 200 unique steel grades for automotive purposes. Among the steel varieties are Usibor 2000, which was released in 2016; it was said to be about one-third stronger than other steels then available for car-making.[4]
ArcelorMittal is the largest private employer inLuxembourg. At the beginning of 2014, it employed 4,600 employees in the Grand Duchy.[5]
ArcelorMittal was formed in 2007 from the $33 billion acquisition ofArcelor byMittal Steel Company.[1][6] The merger was consummated after Mittal Steel Company raised its bid for Arcelor and the Mittal family agreed to relinquish its controlling stake in the company and execute astandstill agreement not to acquire a controlling interest without approval from independent directors.[7][8][9] The resulting firm produced approximately 10% of the world's steel, and was at that time the largest steel company worldwide.[10]
In August 2007, the company acquired Sicartsa, operator of a plant in Mexico, from Grupo Villacero for $1.44 billion.[11]
In October 2007, the company acquired 90% of Rongcheng Chengshan Steelcord, a Chinese steel wire company, for $26.6 million.[12][13]
In November 2007, the company increased its stake in China Oriental Group to over 73%, becoming the first foreign company to control a steel mill in China.[14]
In April 2008, the company, in partnership with its joint venture partner Nippon Steel announced a $240 million investment to doublegalvanized production capacity at their I/N Kote with the addition of a new $240-million continuous galvanizing line.[15][16]
In May 2012, the company sold Skyline Steel and Astralloy toNucor for $605 million.[24][25][26]
As of July 2012[update], due to overcapacity and reduced demand in Europe, it had idled 9 of 25 blast furnaces.[24]
In October 2012, it permanently shut down two blast furnaces inFlorange,France.[27]
In May 2013, the company sold a 15% interest in its Labrador Trough iron ore mining and infrastructure asset toPosco andChina Steel for $1.1 billion.[28][29][30]
On 26 February 2014, ThyssenKrupp sold its carbon steel facility inCalvert, Alabama to ArcelorMittal andNippon Steel for $1.55 billion. The facility was renamed AM/NS Calvert through the 50/50 joint partnership withNippon Steel & Sumitomo Metal Corp.[31][32]
In September 2014, ArcelorMittal andGerdau sold Gallatin Steel toNucor for $770 million.[33]
In February 2016, the company sold its 35% stake in Gestamp Automacion to the Riberas family for €875 million.[34][35]
In June 2016, the company announced the launch of a new high strength steel.[4]
In February 2017, ArcelorMittal and Votorantim announced plans to combine their long steel operations inBrazil. Under the deal,Votorantim Siderurgia became a subsidiary of ArcelorMittal Brasil.[36][37][38][39]
In 2017, ArcelorMittal and theSteel Authority of India Ltd (SAIL) agreed on preliminary terms to form a $913 million joint venture to export a fifth of the auto-grade steel made by the venture.[40][41]
In March 2017, the company proposed a US$6.5 billion steel project inKarnataka, after entering into a pact with the Karnataka government in February 2017.[42]
In November 2018, a consortium led by ArcelorMittal acquiredIlva, owner of theTaranto steelworks insouthern Italy, which has Europe's largest steel output, for €1.8 billion. To receive approval, the consortium agreed to invest €2.4 billion into Ilva, renamed ArcelorMittal Italia, while the state agreed to invest €2 billion.[44][45] ArcelorMittal accused the state of not investing the agreed-upon amount and, in February 2024, Italy's industry minister took control of the venture in a manner similar to a bankruptcy, after an increase in energy prices and a drop in rolled steel coil prices led the venture to accumulate huge debts.[46]
In March 2019, the company, in partnership withNippon Steel, acquiredEssar Steel, which had filed for bankruptcy protection.[47]
In July 2019, the company sold seven major steelworks and five service centers in seven European countries toSanjeev Gupta'sLiberty House Group.[48]
In August 2019, the company took over management of Hibbing Taconite, of which it owns 62.3%, fromCleveland-Cliffs.[49]
Also in August 2019, the company acquired Legault Métal.[50]
In December 2020, the company sold ArcelorMittal USA, which had 2019 revenues of $17 billion, toCleveland-Cliffs for approximately $1.4 billion.[51][52][53][54][55]
In March 2022, the company acquired John Lawrie Metals, a metals recycler in Scotland.[56]
In May 2022, the company acquired 10 scrap yards in the south of Germany.[57][58]
In December 2022, the company acquired Riwald Recycling.[60]
In March 2023, the company acquired Companhia Siderúrgica do Pecém, owner of a 3-million-metric-ton blast furnace and slab plant in northeastern Brazil, for $2.2 billion.[61]
In April 2023, the company's joint venture with Nippon Steel acquired Indian Steel Corporation, which had filed for bankruptcy protection.[62]
In December 2023, the company sold its assets inKazakhstan, theTemirtau steel mill and the Aktau pipe plant, for $286 million to a Kazakh state-owned investment fund.[63]
In August 2024, ArcelorMittal acquired a 27.5% interest inVallourec, a producer of seamless steel tubes, from funds managed byApollo Global Management for €955 million.[64][65]
In 2025, the company's South Africa division ended production of long steel products due to high logistic and energy costs.[66]
ArcelorMittal reported TotalCO2e emissions (direct + indirect) for 31 December 2020 at 150.8 Tg (teragram) (-31,100 /-17.1% y-o-y).[77] The decline accelerated compared to the CAGR of −7.2% since 4Q'18.
ArcelorMittal's TotalCO2e emissions (Direct + Indirect) (in kilotonnes)
In 2010, the company's operating income fell to $4.9 billion, with sales down 10% from the year earlier, and income down 50 per cent as steel prices slumped.[24]
On 31 October 2012, the company reported a third-quarter loss of $709 million as compared to a $659 million profit for the same period a year ago, citing the slow down inChina'seconomy.[81]
In 2015, the company had a net loss of $7.9 billion.[82]
In 2016 ArcelorMittal announced its first annual profits in five years, after cost-cutting measures.[83]
In July 2017, the company reported a 19.3% year-on-year rise in its earnings for the year's second quarter.[84][85]
In January 2018, black snow fell in the city ofTemirtau,Kazakhstan, where an ArcelorMittal plant was located, which locals blamed on the plant. The company claimed that the discoloration of the snow was caused by a lack of wind which would otherwise blow the pollution away.[86][87][88][89][90][91]
Following an investigation first launched in 2008, in August 2016 theCompetition Commission (South Africa) found the company guilty of price fixing. ArcelorMittal was fined US$110.9 million and, as part of the settlement, also agreed to invest R4.64 billion in capital over five years.[92] Between January 1984 and September 2002, the companies fixed the market, prices, and exchanged confidential corporate information.[93]
In July 2018, the IndianaOccupational Safety and Health Administration found five serious safety violations at the company's Indiana Harbor steel mill in East Chicago after the death of a steelworker while driving a golf cart at the facility with faulty brakes. The company was fined $21,000.[94]
The company entered into a $2.2 billion contract to develop an iron ore deposit inSenegal, including construction of a 750 km (466 mi) railway line. After it stalled on the contract and failed to build according to schedule, thegovernment of Senegal sued. In September 2013, thegovernment of Senegal won a court case before an international tribunal to rescind the deal. In June 2014, theInternational Chamber of Commerce's arbitration court in Paris awarded Senegal $150 million.[95][96]
Transactions with Russia despite international sanctions
ArcelorMittal was sued in 2018 by the environmental nonprofit Association for the Defense and Protection of the Gulf of Fos Coastline (ADPLGF), around 250 local residents, organizations, and unions. The group accused the steelmaker of exposing people inFos-sur-Mer region of France to "illegal discharges" of pollutants. In March 2025, the company was indicted for endangering the lives of others, forgery and environmental damages in connection to industrial pollution in Fos-sur-Mer. As a result of the indictment, ArcelorMittal has been placed under judicial supervision, subject to a 250,000 euro deposit and a 1.75 million euro bank guarantee.[98][99]
US$62.44 billion (2024)[1]
US$3.310 billion (2024)[1]
