ArcelorMittal S.A. is a Luxembourgian
multinational steel manufacturing corporation headquartered in
Luxembourg City
Luxembourg ( lb, Lëtzebuerg; french: Luxembourg; german: Luxemburg), also known as Luxembourg City ( lb, Stad Lëtzebuerg, link=no or ; french: Ville de Luxembourg, link=no; german: Stadt Luxemburg, link=no or ), is the capital city of the Gr ...
. It was formed in 2006 from the takeover and merger of
Arcelor
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 ...
by
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
n-owned
Mittal Steel
Mittal Steel Company N.V. was an Indian company and one of the world's largest steel producers by volume and turnover. After a merger in 2005, it is now part of ArcelorMittal.
History
Mittal Steel Company was formed as Ispat International in 19 ...
.
ArcelorMittal is the
second largest steel producer in the world, with an annual crude steel production of 88 million metric tonnes .
It is ranked 197th in the 2022
Fortune Global 500
The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine.
Methodology
Until 1989, it listed onl ...
ranking of the world's largest corporations. It employs directly and indirectly 200,000 people and its market capital is $25 billion.
The total value of company assets is estimated to be around $100 billion.
Products and activities
The company is involved in
research and development,
mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic ...
, and
steel.
ArcelorMittal in 2016 produced around 90 million tons of steel.
[ As of May 2017, the company made 200 unique steel grades for automotive purposes, half of which were introduced since 2007.] Among the steel varieties are Usibor 2000, which the company announced in June 2016 and released later that year. Upon release, the high-strength automotive steel was said to be about one-third stronger than other steels then available for carmaking.
History
ArcelorMittal was formed from the acquisition of Arcelor by Mittal Steel; Mittal Steel was in turn formed from the merger of ISPAT International and LNM Holdings. The company traces its history back to 1976.
2006-2008: Formation and scalebacks
ArcelorMittal was created by the takeover of Western European steel maker Arcelor
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 ...
(Spain, France, and Luxembourg) by India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
n-owned multinational steel maker Mittal Steel
Mittal Steel Company N.V. was an Indian company and one of the world's largest steel producers by volume and turnover. After a merger in 2005, it is now part of ArcelorMittal.
History
Mittal Steel Company was formed as Ispat International in 19 ...
in 2006, at a cost of €40.37 per share, approximately $33 billion total. Mittal Steel launched a hostile takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to t ...
bid, which replaced a previously planned merger between Arcelor and Severstal
Severstal (russian: Северсталь, , Northern Steel) is a Russian company mainly operating in the steel and mining industry, headquartered in Cherepovets. Severstal is listed on the Moscow Exchange and LSE and is the largest steel compan ...
that had lacked sufficient shareholder approval.
The resulting merged business was named ArcelorMittal and was headquartered in Luxembourg
Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...
City. The resulting firm produced approximately 10% of the world's steel, and was by far the world's largest steel company. Total revenues in 2007 were $105 billion.
By February 2008, the company had 320,000 employees in 60 countries.[ In October 2008, the market capitalisation of ArcelorMittal was over $30 billion,] after peaking at $32.5 billion in September 2008.[ At the end of 2008, the company reported operating income of around $12 billion.]
In December 2008, ArcelorMittal announced several plant closings, including the Bethlehem Steel
The Bethlehem Steel Corporation was an American steelmaking company headquartered in Bethlehem, Pennsylvania. For most of the 20th century, it was one of the world's largest steel producing and shipbuilding companies. At the height of its succe ...
plant in Lackawanna, New York
Lackawanna is a city in Erie County, New York, United States, just south of the city of Buffalo in western New York State. The population was 19,949 at the 2020 census. It is one of the fastest-growing cities in New York, growing in populat ...
, and LTV Steel in Hennepin, Illinois
Hennepin is a village located on the Illinois River in Putnam County, Illinois, United States. The population was 757 in 2010, an increase of 50 since the 2000 census. It is the county seat and second largest village in Putnam County.
Hennepin is ...
. After purchase of Kryvorizhstal
ArcelorMittal Kryvyi Rih (former Kryvorizhstal ( uk, Криворіжсталь) is Ukraine's largest integrated steel company, founded in 1934 and located in Kryvyi Rih, in central Ukraine.
Bought in 2005 by Mittal Steel, the steel plant is ...
, Ukraine's largest steel producer, employment was scaled back from 57,000 employees to 30,000.
2011-2014: Losses and Senegal agreement
In 2010, the company's operating income had fallen to $4.9 billion, with sales down 10 percent from the year earlier, and income down 50 percent as steel prices slumped. In 2011, the company began curtailing its European production to match the reduced demand for steel. It also sold Skyline Steel and Astralloy to a rival, Nucor
Nucor Corporation is an American producer of steel and related products based in Charlotte, North Carolina. It is the largest steel producer in the United States, the largest "mini-mill" steelmaker (i.e. it uses electric arc furnaces to melt s ...
, for $605 million. On 26 January 2011, the stainless steel division split off as a new company, Aperam. , due to overcapacity and reduced demand in Europe, it had idled 9 of 25 blast furnaces; in October 2012 it permanently shut down two blast furnaces at Florange
Florange (; Lorraine Franconian: ''Fléischengen''/''Fléschéngen''; ) is a commune in the Moselle department in Grand Est in north-eastern France.
Geography
Climate
Climate in area is mild with few extremes of temperature and ample precipitat ...
, France. 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 in China's economy
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the ...
. In 2012 ArcelorMittal had $22 billion of debt.
In January 2013, ArcelorMittal bid $1.5 billion to acquire ThyssenKrupp AG's rolling mill in Calvert, Alabama
Calvert is an unincorporated community and census-designated place (CDP) in Mobile and Washington counties, Alabama, United States. It is located in the extreme northeast corner of Mobile County and southeast corner of Washington County near the T ...
, United States. On 26 February 2014, ThyssenKrupp sold their Calvert carbon steel facility to ArcelorMittal and Nippon Steel
was formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel is the world's third largest steel producer by volume as of 2019.
...
for $1.55 billion, as a new joint venture. The facility was renamed AM/NS Calvert through the 50/50 joint partnership with Nippon Steel
was formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel is the world's third largest steel producer by volume as of 2019.
...
& Sumitomo Metal Corp.[ The firm also entered into a $2.2 billion contract to develop an iron ore deposit in ]Senegal
Senegal,; Wolof: ''Senegaal''; Pulaar: 𞤅𞤫𞤲𞤫𞤺𞤢𞥄𞤤𞤭 (Senegaali); Arabic: السنغال ''As-Sinighal'') officially the Republic of Senegal,; Wolof: ''Réewum Senegaal''; Pulaar : 𞤈𞤫𞤲𞤣𞤢𞥄𞤲𞤣𞤭 ...
. This included construction of a railway line. After it stalled on the contract and failed to build according to schedule, the Government of Senegal sued.[ In September 2013, the ]government of Senegal
The Government of Senegal is the union government created by the constitution of Senegal, consisting of the executive, parliament, and judiciary. The Seat of the Government is located in Dakar. The government is led by the president (currently M ...
won a court case before an international tribunal to rescind a $2.2 billion deal with ArcelorMittal after the company suspended work on an iron ore mine in the country. In June 2014, the International Chamber of Commerce's arbitration court in Paris awarded Senegal $150 million.
Dealing with price and demand fluctuations in the steel market, from 2012 to 2014 ArcelorMittal restructured its European division by reducing employee numbers and closing plants. In May 2014, ArcelorMittal, citing economic self-interest, declared its opposition to sanctions on Russia. As of June 2014, ArcelorMittal accounted for 7 percent of world steel production. After being shut out of the Chinese steel industry in 2005, along with other foreign companies, in 2014 the company announced it was planning new plants in China. In 2014, the company had an annual crude steel production of 98.1 million tons.[
]
2008-2016: Price fixing convictions
Following an investigation first launched in 2008, in August 2016 the South African Competition Commission 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. According to the findings, the firm had been part of a 17-member-steel group nicknamed "Club Zürich", that later became known as "Club Europe". Between January 1984 and September 2002, the companies fixed the market, prices, and exchanged confidential corporate information.
2015-2016: Recent acquisitions
In 2015, the company had a net loss of $7.9 billion.[ Between February 2015 and February 2016, share value dropped 60%, making the company the "worst performer" in the FTSEurofirst300 index. The CEO said the company had performed poorly in 2015 due to "Chinese exports depressing prices".][ Early in 2016,] the company announced it had raised $3 billion in new investment capital to help reduce debt[ to $11.7 billion of debt.][ In early 2016][ the company also announced a program to boost core profit by $3 billion by 2020 "through a mixture of cost-cutting, increased production and a focus on higher-value forms of steel". Chairman Lakshmi Mittal announced doubled earnings the following year in May 2017.] Along with the increase in capital, the company also sold its 35% stake in Gestamp Automacion for $979 million, with the goal of reducing ArcelorMittal's debt to less than $12 billion.[ By February 2016, the company made about 6% of the world's steel.][ It ranked 108th in the 2016 ]Fortune Global 500
The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine.
Methodology
Until 1989, it listed onl ...
ranking of the world's biggest corporations.[
]
2017: Market changes
In February 2017 ArcelorMittal announced its first annual profits in five years.[ In February 2017, ArcelorMittal and Votorantim announced plans to combine their long steel operations in ]Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
. Under the deal, Votorantim Siderurgia became a subsidiary of ArcelorMittal Brasil. In late May 2017, ArcelorMittal and the Steel 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. In March 2017, the company proposed a new US$6.5 billion steel project in Karnataka
Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...
, after entering into a pact with the Karnataka government[ in February 2017.] In April 2017, Sanjeev Gupta
Sanjeev Gupta (born September 1971) is an Indian-born British businessman, and the founder of Liberty House Group. He is the CEO and chairman of GFG Alliance, an international conglomerate that operates primarily in the steel and mining indu ...
's Liberty House Group
Liberty Steel Group Holdings UK Ltd (LHG), which is also referred to as Liberty House or Liberty House UK, is a British industrial and metals company founded in the United Kingdom in 1992 by industrialist Sanjeev Gupta. It is headquartered in L ...
announced it had agreed to acquire ArcelorMittal's Georgetown Steelworks in South Carolina
)'' Animis opibusque parati'' ( for, , Latin, Prepared in mind and resources, links=no)
, anthem = " Carolina";" South Carolina On My Mind"
, Former = Province of South Carolina
, seat = Columbia
, LargestCity = Charleston
, LargestMetro = ...
. It is ranked 123 in the 2017 Fortune Global 500
The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine.
Methodology
Until 1989, it listed onl ...
ranking of the world's biggest corporations.[
By March 2017, ArcelorMittal was leading a consortium bidding for ]Ilva
ILVA is a Danish chain of furniture stores, offering mostly Scandinavian-style bed-, dining- and living room products. The company was founded in 1974, and currently runs eight stores in the Nordic countries. It also had three stores in Brit ...
. An Italian company, Ilva owns the Taranto
Taranto (, also ; ; nap, label= Tarantino, Tarde; Latin: Tarentum; Old Italian: ''Tarento''; Ancient Greek: Τάρᾱς) is a coastal city in Apulia, Southern Italy. It is the capital of the Province of Taranto, serving as an important com ...
steelworks in southern Italy, which has Europe's largest steel output. The steelworks had been accused of toxic emissions linked to local cancer rates, and had been nationalized by the government years prior.[ The buyers were the AM Investco consortium, which beyond ArcelorMittal included Marcegaglia and Banca Intesa Sanpaolo.][ In May 2017, ArcelorMittal was announced as the preferred bidder over a different consortium led by ]JSW Steel
JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of ISPAT Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sect ...
, after it was able to pledge a production increase and guarantee employment levels. The final decision was waiting on Italy's ministry of economic development. On 5 June 2017, ArcelorMittal won approval to purchase Ilva for €1.8 billion. In its bid, AM Investco had pledged to make investments into Ilva of €2.4bn until 2023. On 1 November 2018, ArcelorMittal assumed ownership of Ilva steel operations and ArcelorMittal Italia was formed.
In July 2017 the company reported a 19.3 per cent year-on-year rise in its earnings for the year's second quarter. The amount was lower than predicted by analysts, with the company citing the volatility in market prices. Also, in July 2017, the European Court of Justice ruled against ArcelorMittal in its lawsuit against how the EU allocates free carbon permits.
2018: Black snow controversy
In January 2018, black snow fell in the city of Temirtau
Temirtau ( kz, Теміртау, translit=Temırtau; russian: Темиртау) is a city in the Karaganda Region of Kazakhstan. The population was 170,481 in the 1999 census, rising to 210,590 in 2015.
The city is located on the Nura River (th ...
, Kazakhstan where an ArcelorMittal plant is located. Local citizens complained that the pollution was caused by an ArcelorMittal plant. A spokesperson for ArcelorMittal explained that the discoloration of the snow was caused by a lack of wind which would otherwise blow the pollution away.
2019: Notice to terminate to Ilva
On 4 November 2019, Arcelor Mittal (Am Investco Italy) sent to Ilva's Commissioners a notice to terminate, the Ilva lease agreement, citing as reasons that the Italian Parliament had removed the legal protection necessary for the company to implement its environmental plan without the risk of criminal liability and that a recent decision by the criminal court of Taranto would effectively force Mittal to close blast furnace #2 by 13 December 2019. A legal and media battle with the Italian state started immediately, as Ilva is not only the single primary steel mill Mittal operates in Italy but also the largest employer in Taranto.
2020: Sale of U.S. Operations to Cleveland-Cliffs
On September 28, 2020, the company sold its US-Business to Cleveland-Cliffs
Cleveland-Cliffs Inc., formerly Cliffs Natural Resources, is a Cleveland, Ohio-based company that specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. It is the largest f ...
for approximately $1.4 billion.
Company structure
Lakshmi Mittal
Lakshmi Niwas Mittal (; born 15 June 1950) is an Indian steel magnate, based in the United Kingdom. He is the Executive Chairman of ArcelorMittal, the world's second largest steelmaking company, as well as Chairman of stainless steel manufacture ...
(owner of Mittal Steel) is the executive chairman. His family owns 40% of the shares and voting shares in the company. After a $3 billion rights issue earlier in April 2016, the company by 21 April 2016 had a share value of 16,616 million euros, distributed in 3,065,710,869 shares.
Predecessor companies
Acquired by Mittal Steel Company
Mittal Steel Company N.V. was an Indian company and one of the world's largest steel producers by volume and turnover. After a merger in 2005, it is now part of ArcelorMittal.
History
Mittal Steel Company was formed as Ispat International in 19 ...
:
*International Steel Group
International Steel Group (ISG) was an American steel company, headquartered in Cleveland, Ohio, which was established by the New York investment firm WL Ross & Co LLC to acquire the assets of bankrupt steel companies and combine them together in ...
(acquired 2004)
**Bethlehem Steel
The Bethlehem Steel Corporation was an American steelmaking company headquartered in Bethlehem, Pennsylvania. For most of the 20th century, it was one of the world's largest steel producing and shipbuilding companies. At the height of its succe ...
- United States (acquired 2003)
**ISG Weirton Steel
Weirton Steel Corporation was a steel production company founded by Ernest T. Weir in West Virginia in 1909. It was at one time one of the world's largest producers of tin plate products.
History
Weirton Steel Corporation was an integrated ste ...
- United States (acquired 2002)
** LTV-Steel Cleveland, OH - United States (acquired 2002)[
***]Republic Steel
Republic Steel is an American steel manufacturer that was once the country's third largest steel producer. It was founded as the Republic Iron and Steel Company in Youngstown, Ohio in 1899. After rising to prominence during the early 20th Centu ...
- United States (acquired 1984)
***Jones and Laughlin Steel
The Jones and Laughlin Steel Corporation began as the American Iron Company, founded in 1852 by Bernard Lauth and Benjamin Franklin Jones, a few miles (c 4 km) south of Pittsburgh along the Monongahela River. Lauth's interest was bought in ...
- United States (acquired 1984)
**Acme Steel - Chicago
(''City in a Garden''); I Will
, image_map =
, map_caption = Interactive Map of Chicago
, coordinates =
, coordinates_footnotes =
, subdivision_type = Country
, subdivision_name ...
, US (acquired 2002)
*Ispat International
Mittal Steel Company N.V. was an Indian company and one of the world's largest steel producers by volume and turnover. After a merger in 2005, it is now part of ArcelorMittal.
History
Mittal Steel Company was formed as Ispat International in 1 ...
(acquired 2004)
* ArcelorMittal Kryvyi Rih - Ukraine (acquired 2005)
Acquired by Arcelor
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 ...
:
*Aceralia
Aceralia was a large Spanish steel producer formed in 1997 by restructuring of a group formed from earlier mergers of the steel producers ENSIDESA and ''Altos Hornos de Vizcaya''. The company merged into Arcelor in 2001, and became part of Arcelo ...
- Spain (merger 2001)
*Usinor
Usinor was a French steel making group formed in 1948. The group was merged with Sacilor in 1986, becoming Usinor-Sacilor and was privatised in 1995, and renamed Usinor in 1997.
In 2001 it merged with Arbed (Luxembourg) and Aceralia (Spain) to for ...
- France (merger 2001)
** Acesita - Brazil (acquired 1998)
*ARBED
The Aciéries Réunies de Burbach-Eich-Dudelange ( French; literally "United Steelworks of Burbach-Eich-Dudelange"), better known by its acronym ARBED, was a major Luxembourg-based steel and iron producing company. Created in 1911 after the me ...
- Luxembourg (merger 2001)
* Acindar - Argentina (acquired 2006)
*Dofasco
ArcelorMittal Dofasco is a steel company based in Hamilton, Ontario, Canada. Dofasco is a standalone subsidiary of ArcelorMittal, the world's largest integrated steel producer.
History
Clifton and Frank A. Sherman founded Dominion Foundries and S ...
- Canada (acquired 2006)
Board of directors
Comprised as follows by nine people as of June 2017:
*Lakshmi Mittal
Lakshmi Niwas Mittal (; born 15 June 1950) is an Indian steel magnate, based in the United Kingdom. He is the Executive Chairman of ArcelorMittal, the world's second largest steelmaking company, as well as Chairman of stainless steel manufacture ...
, CEO and Founder of ArcelorMittal (Chairman of the Board)[
* Bruno Lafont, Co-chairman and former CEO of ]LafargeHolcim
Holcim is a Swiss-based global building materials and aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 202 ...
[
*Tye Burt, former CEO and President of Kinross Gold][
* Jeannot Krecké, Member of Parliament for ]Luxembourg
Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...
and former Minister for the Economy and Foreign Trade of Luxembourg[
*Suzanne Nimocks, former Director for Energy at McKinsey & Company][
* Karel De Gucht, former ]European Commissioner for Trade
The European Commissioner for Trade (sometimes referred to as the ''EU Trade Commissioner'') is the member of the European Commission responsible for the European Union's common commercial policy.
Responsibilities
The Commissioner heads up the ...
and Belgian Foreign Minister[
*Michel Wurth, former CFO of ]ARBED
The Aciéries Réunies de Burbach-Eich-Dudelange ( French; literally "United Steelworks of Burbach-Eich-Dudelange"), better known by its acronym ARBED, was a major Luxembourg-based steel and iron producing company. Created in 1911 after the me ...
[
*Karyn Ovelmen, CFO of ]Flowserve
The Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, ch ...
[
]
Employees
As of 2012, the company had thousands of workers at 12 major facilities in the United States, in states such as Indiana, Ohio and Pennsylvania. All non-salary employees in North America, with the exception of the Dofasco facility in Hamilton, Ontario, are represented by the United Steelworkers
The United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, commonly known as the United Steelworkers (USW), is a general trade union with members across North America. Headquar ...
union, the largest industrial union in North America. Also, at the time around 100,000 of the company's 260,000 employees were in Europe. As of 31 December 2013, the company employed over 232,000 people, of which 37% were in the EU, with a further 16% in non-EU European countries, 17% in Asia, 16% in North America, the remainder split between South America and the Middle East and Africa. ArcelorMittal is also Luxembourg
Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...
's largest private employer. At the beginning of 2014, it employed 4,600 employees in the Grand Duchy. By 2020 the company had over 18,000 employees in North and South America.
Facilities
Headquarters and offices
The head office of ArcelorMittal is in Luxembourg City
Luxembourg ( lb, Lëtzebuerg; french: Luxembourg; german: Luxemburg), also known as Luxembourg City ( lb, Stad Lëtzebuerg, link=no or ; french: Ville de Luxembourg, link=no; german: Stadt Luxemburg, link=no or ), is the capital city of the Gr ...
. The building was the head office of Arbed
The Aciéries Réunies de Burbach-Eich-Dudelange ( French; literally "United Steelworks of Burbach-Eich-Dudelange"), better known by its acronym ARBED, was a major Luxembourg-based steel and iron producing company. Created in 1911 after the me ...
before that company merged with Aceralia
Aceralia was a large Spanish steel producer formed in 1997 by restructuring of a group formed from earlier mergers of the steel producers ENSIDESA and ''Altos Hornos de Vizcaya''. The company merged into Arcelor in 2001, and became part of Arcelo ...
and Usinor
Usinor was a French steel making group formed in 1948. The group was merged with Sacilor in 1986, becoming Usinor-Sacilor and was privatised in 1995, and renamed Usinor in 1997.
In 2001 it merged with Arbed (Luxembourg) and Aceralia (Spain) to for ...
.
Major plant locations
Operated by ArcelorMittal:
* Timóteo Plant - Minas Gerais
Minas Gerais () is a state in Southeastern Brazil. It ranks as the second most populous, the third by gross domestic product (GDP), and the fourth largest by area in the country. The state's capital and largest city, Belo Horizonte (literally ...
, Brazil (through Aperam South America
Aperam South America, old Acesita and ArcelorMittal Timóteo, is the biggest Brazilian manufacturer of specialty steels. Headquartered in Belo Horizonte, Minas Gerais, the company is a supplier of stainless, silicon and special carbon steels. Ap ...
)
* ArcelorMittal Ghent - Zelzate
Zelzate () is a municipality located in the Belgian province of East Flanders. The municipality only comprises the town of Zelzate proper. In 2021, Zelzate had a total population of 13,124. The total area is 13.71 km2.
Zelzate is divided in ...
, Belgium
* Kryvorizhstal
ArcelorMittal Kryvyi Rih (former Kryvorizhstal ( uk, Криворіжсталь) is Ukraine's largest integrated steel company, founded in 1934 and located in Kryvyi Rih, in central Ukraine.
Bought in 2005 by Mittal Steel, the steel plant is ...
- Kryvyi Rih
Kryvyi Rih ( uk, Криви́й Ріг , lit. "Curved Bend" or "Crooked Horn"), also known as Krivoy Rog (Russian: Кривой Рог) is the largest city in central Ukraine, the 7th most populous city in Ukraine and the 2nd largest by area. K ...
, Ukraine (through ArcelorMittal Kryvyi Rih)
* Plants in Aktau
Aktau ( kk, Aqtau, Ақтау , russian: Актау) is a city in Kazakhstan, located on the eastern shore of the Caspian Sea. Its current name means "white mountain" in Kazakh, which may be due to its cliffs that overlook the Caspian. From 1964 to ...
, Temirtau
Temirtau ( kz, Теміртау, translit=Temırtau; russian: Темиртау) is a city in the Karaganda Region of Kazakhstan. The population was 170,481 in the 1999 census, rising to 210,590 in 2015.
The city is located on the Nura River (th ...
, Kazakhstan
* Plants in Ostrava
Ostrava (; pl, Ostrawa; german: Ostrau ) is a city in the north-east of the Czech Republic, and the capital of the Moravian-Silesian Region. It has about 280,000 inhabitants. It lies from the border with Poland, at the confluences of four riv ...
, Czech Republic
* ArcelorMittal Mexico - Lázaro Cárdenas, Michoacán
Lázaro Cárdenas () is a port city in Michoacán bordered to the east by Guerrero. Lázaro Cárdenas is located in the southern part of the Mexican state of Michoacán. It was formerly known as Los Llanitos, but changed its name as a tribute to L ...
, Mexico
* Katowice Steelworks - Dąbrowa Górnicza
Dąbrowa Górnicza is a city in Zagłębie Dąbrowskie, southern Poland, near Katowice and Sosnowiec. It is located in eastern part of the Silesian Voivodeship, on the Czarna Przemsza and Biała Przemsza rivers (tributaries of the Vistula River, ...
, Poland
* Tadeusz Sendzimir Steelworks
Tadeusz Sendzimir Steelworks ( pl, Huta im. T. Sendzimira) is the second largest steel plant in Poland. It opened on July 22, 1954, in a newly built, easternmost district of Kraków called Nowa Huta. The steelworks as well as the district were loc ...
- Kraków
Kraków (), or Cracow, is the second-largest and one of the oldest cities in Poland. Situated on the Vistula River in Lesser Poland Voivodeship, the city dates back to the seventh century. Kraków was the official capital of Poland until 1596 ...
, Poland
* Hunedoara steel works - Hunedoara
Hunedoara (; german: Eisenmarkt; hu, Vajdahunyad ) is a city in Hunedoara County, Transylvania, Romania. It is located in southwestern Transylvania near the Poiana Ruscă Mountains, and administers five villages: Boș (''Bós''), Groș (''Grós' ...
, Romania
* Galați steel works The Galați steel works ( ro, Combinatul Siderurgic Galați), formally Liberty Galați (formerly known as ''ArcelorMittal Galați'' and ''Sidex Galați''), is a steel mill in Galați, Romania, the country's largest.
History
Background
The idea o ...
- Galaţi, Romania (now operated by Liberty Galati)
* El Hadjar Complex
El Hadjar Complex (Arabic: مركب الحجار) is a large steel plant, located in northern Algeria, on the boundary between historical provinces of Annaba and El Taref Province. Current name of the plant is ArcelorMittal Annaba, and its previo ...
- El Hadjar
El Hadjar is a town in north-eastern Algeria
)
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, coordinates ...
, Algeria
* Dofasco
ArcelorMittal Dofasco is a steel company based in Hamilton, Ontario, Canada. Dofasco is a standalone subsidiary of ArcelorMittal, the world's largest integrated steel producer.
History
Clifton and Frank A. Sherman founded Dominion Foundries and S ...
- Hamilton, Ontario
Hamilton is a port city in the Canadian Provinces and territories of Canada, province of Ontario. Hamilton has a Canada 2016 Census, population of 569,353, and its Census Metropolitan Area, census metropolitan area, which includes Burlington, ...
, Canada
* Acindar - Villa Constitución, Argentina, Argentina
Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the second-largest country in South America after Brazil, th ...
* Ilva
ILVA is a Danish chain of furniture stores, offering mostly Scandinavian-style bed-, dining- and living room products. The company was founded in 1974, and currently runs eight stores in the Nordic countries. It also had three stores in Brit ...
steelworks - Taranto
Taranto (, also ; ; nap, label= Tarantino, Tarde; Latin: Tarentum; Old Italian: ''Tarento''; Ancient Greek: Τάρᾱς) is a coastal city in Apulia, Southern Italy. It is the capital of the Province of Taranto, serving as an important com ...
, Italy[
* Hibbing Taconite - ]Hibbing
Hibbing is a city in Saint Louis County, Minnesota, United States. The population was 16,214 at the 2020 census. The city was built on mining the rich iron ore of the Mesabi Iron Range and still relies on that industrial activity today. At th ...
, United States
* Vanderbijlpark
Vanderbijlpark is an industrial town with approximately 95 000 inhabitants, situated on the Vaal River in the south of Gauteng province, South Africa. The city is named after Hendrik van der Bijl, an electrical engineer and industrialist.
Va ...
, South Africa
South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...
Joint ventures:
* AM/NS India - Hazira (joint venture with Nippon Steel
was formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel is the world's third largest steel producer by volume as of 2019.
...
)
* Annaba steel complex - Anaba, Algeria (joint venture with Sidar)
* Ouenza and Boukhadra
Boukhadra ( ar, بوخضرة) is a town and commune in Tébessa Province in north-eastern Algeria
)
, image_map = Algeria (centered orthographic projection).svg
, map_caption =
, image_map2 =
, capital ...
mines - Algeria
)
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, map_caption =
, image_map2 =
, capital = Algiers
, coordinates =
, largest_city = capital
, relig ...
(joint venture with Sidar)[
*I/N Kote - New Carlisle, United States (built 1991, joint venture with ]Nippon Steel
was formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel is the world's third largest steel producer by volume as of 2019.
...
)
*AM/NS Calvert - Calvert, United States (50/50 joint partnership with Nippon Steel
was formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel is the world's third largest steel producer by volume as of 2019.
...
)
* ArcelorMittal Aços Longos - Brazil (also owned by Belgo-Mineira)
Carbon footprint
ArcelorMittal reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 150.8 Tg (teragram
The kilogram (also kilogramme) is the unit of mass in the International System of Units (SI), having the unit symbol kg. It is a widely used measure in science, engineering and commerce worldwide, and is often simply called a kilo colloquially. ...
) (-31,100 /-17.1% y-o-y).[Alt URL]
/ref> The decline accelerated compared to the CAGR of -7.2% since 4Q'18.
See also
* List of steel producers
This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. This list ranks steelmakers by volume of steel production in millions of tonnes and includes all steelmakers with product ...
* Steel industry in Luxembourg
* ArcelorMittal Orbit (building sponsored by chairman)
* Economy of Belo Horizonte
References
External links
*
*
{{Authority control
Multinational companies headquartered in Luxembourg
Companies based in Luxembourg City
Manufacturing companies established in 2006
Non-renewable resource companies established in 2006
CAC 40
IBEX 35
Companies listed on Euronext Paris
Mittal family
Luxembourgian companies established in 2006