ArcelorMittal takes over Nippon Steel’s 50% equity stake in Calvert Joint Venture
AMSTERDAM: ArcelorMittal has entered into a definitive equity purchase agreement with Nippon Steel Corporation (“NSC”) to purchase NSC’s 50% equity interest in the AM/NS Calvert...
ArcelorMittal acquires 28.4% stake in Vallourec
AMSTERDAM: ArcelorMittal has announced the acquisition of a 28.4% stake in Vallourec, amounting to 65,243,206 shares, at a price of €14.64 per share. This deal,...
ArcelorMittal reports strong results for 2023 despite challenges
AMSTERDAM: ArcelorMittal, the world’s leading integrated steel and mining company, today announced its financial and operational results for the year 2023, highlighting its resilience and...
ArcelorMittal sold Kazakh steel and mining operation to Qazaqstan Investment Corporation
AMSTERDAM: ArcelorMittal has completed the sale of ArcelorMittal Temirtau, its Kazakh steel and mining operation, to the Qazaqstan Investment Corporation (‘QIC’), a state-controlled direct investment...
ArcelorMittal signs $5 bn loan agreement with Japan Bank for International Cooperation
AMSTERDAM: ArcelorMittal signed a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) to strengthen their partnership in steelmaking and decarbonisation. The...
ArcelorMittal has invested $36 million in Boston Metal
AMSTERDAM: ArcelorMittal has invested $36 million in Boston Metal. The transaction is the company’s largest single initial investment to date through its XCarb Innovation Fund....
ArcelorMittal joins forces with SigmaRoc
LONDON, UK: World steel leader ArcelorMittal and quarried materials group SigmaRoc have entered into a strategic joint venture agreement to create a new company. The...
ArcelorMittal buys 80% shares in voestalpine’s Hot Briquetted Iron plant for $1.0bn
AMSTERDAM, NETHERLANDS: ArcelorMittal has signed an agreement to acquire an 80% shareholding in voestalpine’s world-class Hot Briquetted Iron (HBI) plant located in Corpus Christi, Texas....
ArcelorMittal announces new $2.2 billion share buyback program
AMSTERDAM, NETHERLANDS: ArcelorMittal has announced a new share buyback program in the amount of $2.2 billion under the authorization given by the annual general meeting...
ArcelorMittal to invest €1 billion in decarbonisation technologies at its Asturias’ plant in Gijón
AMSTERDAM, NETHERLANDS: ArcelorMittal has signed a memorandum of understanding (MoU) with the Spanish Government that will see a €1 billion investment in decarbonisation technologies at...
Total to supply 500,000 tons of LNG/year to ArcelorMittal Nippon Steel till 2026
PARIS: Total SE (NYSE:TOT) and India’s ArcelorMittal Nippon Steel (AMNS) have signed an agreement for the supply of up to 500,000 tons of liquefied natural...
ArcelorMittal sells 40 million common shares in Cleveland-Cliffs for $651.6 million
LUXEMBOURG: ArcelorMittal North America Holdings LLC, a wholly-owned subsidiary of ArcelorMittal S.A., announced an agreement to sell 40 million Cleveland-Cliffs common shares through a fully...