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ArcelorMittal SA (MT.AS)

MT.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ArcelorMittal Q1 Net Income Down At 414 Million Dollars
Thursday, 9 May 2019 

May 9 (Reuters) - ARCELORMITTAL SA ::ARCELORMITTAL REPORTS FIRST QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.41.Q1 SALES $19.2 BILLION VERSUS $19.2 BILLION YEAR AGO.NET INCOME OF $0.4BN IN 1Q 2019.1Q 2019 IRON ORE SHIPMENTS OF 13.8MT (STABLE YOY), OF WHICH 9.2MT SHIPPED AT MARKET PRICES (+0.4% YOY).Q1 SALES $19.19 BILLION VERSUS $18.74 BILLION IN REUTERS POLL.Q1 EBITDA/ TONNE 76 $/T VERSUS 118 $/T YEAR AGO.Q1 EBITDA $1.65 BILLION VERSUS $1.72 BILLION IN REUTERS POLL.TOTAL STEEL SHIPMENTS IN 1Q 2019 WERE 2.2% HIGHER AS COMPARED WITH 21.3MT FOR 1Q 2018.Q1 NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT $414 MILLION VERSUS $632.6 MILLION IN REUTERS POLL.Q1 REUTERS POLL: NET ATTRIBUTABLE INCOME TO EQUITY HOLDERS OF THE PARENT $632.6 MILLION.Q1 OWN IRON ORE PRODUCTION 14.1 MT VERSUS 14.6 MT YEAR AGO.Q1 REUTERS POLL: STEEL SHIPMENTS 22.1 MT; SALES $18.74 BILLION; EBITDA $1.72 BILLION.GROUP'S STEEL SHIPMENTS ARE EXPECTED TO INCREASE IN 2019 VERSUS 2018.FOR FY 2019 CAPEX IS EXPECTED TO BE $4.3 BILLION.Q1 STEEL SHIPMENTS 21.8 MT VERSUS 22.1 MT IN REUTERS POLL.EXPECTS CERTAIN CASH NEEDS OF BUSINESS (INCLUDING CAPEX, INTEREST, CASH TAXES, PENSIONS AND CERTAIN OTHER CASH COSTS) BUT EXCLUDING WORKING CAPITAL INVESTMENT TO BE ABOUT $6.4 BILLION IN 2019.Q1 CRUDE STEEL PRODUCTION 24.1 MT VERSUS 23.3 MT YEAR AGO.EXPECTS ADDITIONAL INVESTMENT IN WORKING CAPITAL OF APPROXIMATELY $1 BILLION TO BE RELEASED OVER THE COURSE OF 2019.  Full Article

Arcelormittal To Temporarily Trim Annualised European Primary Steelmaking Production By Three Million Tonnes
Monday, 6 May 2019 

May 6 (Reuters) - ArcelorMittal SA ::REG-ARCELORMITTAL TO TEMPORARILY REDUCE ANNUALISED EUROPEAN PRIMARY STEELMAKING PRODUCTION BY THREE MILLION TONNES.REGRETTABLE DECISION NECESSARY DUE TO COMBINATION OF WEAKENING DEMAND, RISING IMPORTS COUPLED WITH INSUFFICIENT EU TRADE PROTECTION, HIGH ENERGY COSTS AND RISING CARBON COSTS.ARCELORMITTAL - PLANNED INCREASE OF SHIPMENTS AT ARCELORMITTAL ITALIA TO A SIX MILLION TONNE ANNUAL RUN-RATE WILL BE SLOWED DOWN FOLLOWING.INTENTION TO TEMPORARILY IDLE PRODUCTION AT ITS STEELMAKING FACILITIES IN KRAKÓW, POLAND AND REDUCE PRODUCTION IN ASTURIAS, SPAIN.ARCELORMITTAL - ACTIONS REFLECT WEAK DEMAND ENVIRONMENT IN EUROPE, A SITUATION FURTHER COMPOUNDED BY INCREASED IMPORTS.HIGH ENERGY COSTS AND INCREASING CARBON COSTS ARE ADDING TO TOUGH ENVIRONMENT.ARCELORMITTAL - TO MAKE CASE FOR GREEN BORDER ADJUSTMENT TO BE INTRODUCED TO ENSURE IMPORTS INTO EUROPE FACE SAME CARBON COSTS AS PRODUCERS IN EUROPE.IN ASTURIAS, PRIMARY PRODUCTION WILL BE REDUCED.ARCELORMITTAL - ELECTRICITY COSTS ARE VERY HIGH IN SPAIN, SOUTHERN EUROPEAN MARKET HAS BEEN HIT BY AN UNPRECEDENTED RISE IN IMPORTS FROM OUTSIDE EU.ARCELORMITTAL-POLISH STEEL MARKET HARD HIT DUE TO NEAR FOURFOLD INCREASE IN RUSSIAN STEEL IMPORTS IN 2018; AMONG HIGHEST ELECTRICITY PRICES IN EUROPE.ARCELORMITTAL-DESPITE INTRODUCTION OF PERMANENT EU SAFEGUARD TARIFFS IN FEB THERE HAS BEEN CONSISTENT RISE IN FLAT STEEL IMPORTS INTO EUROPE.  Full Article

Essar Steel Believes Settlement Proposal Of 543.89 Bln Rupees Is 'Most Compelling' To Creditors
Friday, 8 Mar 2019 

March 8 (Reuters) - ArcelorMittal SA ::CONTINUE TO BELIEVE THAT SETTLEMENT PROPOSAL OF 543.89 BILLION RUPEES IS MOST COMPELLING ONE AVAILABLE TO ESSAR STEEL CREDITORS.ALSO CONFIDENT OF LEGAL VALIDITY OF OFFER, WHICH PROVIDES FOR WITHDRAWAL FROM IBC PROCESS BY MAKING FULL PAYMENT TO CREDITORS.  Full Article

Steel Authority Of India Chairman Says JV With Arcelormittal Should Happen Very Soon
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Steel Authority Of India Ltd Chairman and MD Anil Kumar Chaudhary::STEEL AUTHORITY OF INDIA LTD CHAIRMAN SAYS JV WITH ARCELORMITTAL SHOULD HAPPEN VERY SOON.STEEL AUTHORITY OF INDIA LTD CHAIRMAN SAYS RECENTLY HAD A MEETING WITH ARCELORMITTAL AND THEY HAVE SAID THEY ARE READY TO GO AHEAD.STEEL AUTHORITY OF INDIA LTD CHAIRMAN SAYS ARCELORMITTAL'S INVOLVEMENT IN ESSAR'S INSOLVENCY PROCEEDING IS LIKELY DELAYING THEM.  Full Article

Sulzer: ArcelorMittal Appoints Sulzer Chemtech To Provide Distillation Equipment To Steel Production Plant In Belgium
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - SULZER AG ::SULZER CHEMTECH WAS APPOINTED BY ARCELORMITTAL TO PROVIDE DISTILLATION EQUIPMENT TO ITS STEEL PRODUCTION PLANT IN GENT, BELGIUM.  Full Article

ArcelorMittal Q3 Operating Income Decreases To 1.6 Billion Dollars
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - ARCELORMITTAL SA ::REG-ARCELORMITTAL REPORTS THIRD QUARTER 2018 AND NINE MONTHS 2018 RESULTS.OPERATING INCOME IN 3Q 2018 DECREASED TO $1.6 BILLION.EBITDA OF $2.7 BILLION IN 3Q 2018,.NET INCOME OF $0.9 BILLION IN 3Q 2018.CRUDE STEEL PRODUCTION OF 23.3MT IN 3Q 2018, UP 0.5% VERSUS. 2Q 2018.STEEL SHIPMENTS OF 20.5MT IN 3Q 2018, DOWN 5.5% VERSUS. 2Q 2018.3Q 2018 IRON ORE SHIPMENTS OF 14.2MT (-5.6% YOY),.GROSS DEBT OF $13.0 BILLION AS OF SEPTEMBER 30, 2018..Q3 REUTERS POLL: REVENUE $19.66 BILLION; EBITDA $2.70 BILLION; NET INCOME $1.37 BILLION.EXPECTS GLOBAL ASC TO GROW FURTHER IN 2018 BY BETWEEN +2.0% TO +3.0%..ASC IN US IS EXPECTED TO GROW +2.0% TO +3.0% IN 2018.IN EUROPE, THE STRENGTH IN MACHINERY AND CONSTRUCTION END MARKETS IS EXPECTED TO SUPPORT ASC GROWTH OF BETWEEN +2.0% TO +3.0% IN 2018.18. IN BRAZIL, 2018 ASC GROWTH IS FORECAST IN THE RANGE OF +5.5% TO +6.5%..IN THE CIS, ASC IS EXPECTED TO GROW +2.0% TO +3.0% IN 2018.WORLD EX-CHINA ASC IS EXPECTED TO GROW BY APPROXIMATELY +3.0% TO +4.0% IN 2018.IN CHINA, OVERALL DEMAND IS EXPECTED TO GROW BY BETWEEN +1.0% TO +2.0% IN 2018.NOW EXPECTS A WORKING CAPITAL INVESTMENT OF APPROXIMATELY $3.0 BILLION TO $3.5 BILLION FOR THE FULL YEAR 2018, IMPLYING A SIGNIFICANT RELEASE IN 4Q 2018..EXPECTS THAT CERTAIN CASH NEEDS OF THE BUSINESS (EXCLUDING WORKING CAPITAL INVESTMENT) WILL TOTAL APPROXIMATELY $5.8 BILLION IN 2018..CASH FLOW GENERATION POTENTIAL OF THE COMPANY IS EXPECTED TO INCREASE.  Full Article

ArcelorMittal Completes Transaction To Acquire Ilva
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - ARCELORMITTAL SA ::REG-ARCELORMITTAL COMPLETES TRANSACTION TO ACQUIRE ILVA S.P.A. AND LAUNCHES ARCELORMITTAL ITALIA.AM INVESTCO ITALY SRL ('AM INVESTCO')'S TRANSACTION TO ACQUIRE ILVA S.P.A. ('ILVA') HAS COMPLETED TODAY.  Full Article

CCI Finds No "Appreciable Adverse Effect" On Competition On Arcelormittal, Nippon Steel & Sumitomo Metal’s Proposed Buy Of Essar Steel
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - COMPETITION COMMISSION OF INDIA::FINDS NO APPRECIABLE ADVERSE EFFECT ON COMPETITION W.R.T. ARCELORMITTAL, NIPPON STEEL & SUMITOMO METAL’S PROPOSED ACQUISITION OF ESSAR STEEL.  Full Article

Harsco Secures 10-Year Contract With Arcelormittal Tubarao Totalling $Us 150 Million
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Harsco Corp ::HARSCO SECURES 10-YEAR CONTRACT WITH ARCELORMITTAL TUBARAO TOTALLING $US 150 MILLION.HARSCO CORP - CO'S METALS & MINERALS DIVISION ENTERED INTO A MULTI-YEAR CONTRACT WITH ARCELORMITTAL TUBARAO, FLAGSHIP PLANT OF ARCELORMITTAL IN BRAZIL.  Full Article

Sunpower Group Secures RMB32 Mln M&S Contract From Arcelormittal
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Sunpower Group Ltd ::SECURES A RMB32 MILLION M&S CONTRACT FROM ARCELORMITTAL.  Full Article

TABLE-Kazakhstan Jan-May copper output up; zinc and steel down

ALMATY, June 17 Kazakhstan's refined copper output rose 11.2% year on year in the first five months of 2019, while refined zinc production fell 0.9% and crude steel output was down 0.2%, Statistics Committee data showed on Monday. London-listed copper miner KAZ Minerals and Glencore's Kazzinc account for a large part of Kazakhstan's metals production. ArcelorMittal owns the country's only major steel mill in Temirtau. The Statistics Committee provided the following data o