LUXEMBOURG: ArcelorMittal, the world’s leading steel and mining company, announced third-quarter earnings of $1.5 billion in EBITDA on Wednesday, demonstrating what it called “resilient operating results at the bottom of the cycle.” The company reported net income of $377 million, or $0.50 per share, for the three months ended Sept. 30, 2025. On an adjusted basis,…
CALVERT: ArcelorMittal announced Thursday it has completed the acquisition of Nippon Steel Corporation’s 50% stake in AM/NS Calvert, gaining full control of the Alabama-based steelmaking facility. The deal, finalized under the terms of an Equity Purchase Agreement signed in October 2024, rebrands the site as ArcelorMittal Calvert. The facility, originally built by ThyssenKrupp at a…
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 Joint Venture. 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…
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, valued at approximately €955 million, was secured through a Share Purchase Agreement with Apollo Global Management, Inc. The transaction is pending regulatory approval and is anticipated to conclude in the…
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 performance amid a challenging market environment. The Company posted an EBITDA of $7.6 billion and a net income of $0.9 billion for the year, reflecting structural improvements to profitability and…
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 fund. ArcelorMittal and the Government of Kazakhstan had been in discussion for some months to agree on a sustainable path forward for the integrated steelmaking asset, located in the Karaganda…
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. voestalpine will retain the remaining 20%. The transaction values the Corpus Christi operations at $1 billion and closing is subject to customary regulatory approvals. The state-of-the-art plant, which was opened…
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 of shareholders held on 8 June 2021. Company will return the proceeds from the redeemed Cleveland Cliffs preference shares and advance a part of its prospective 2022 capital return to…
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 underwritten public market offering. The transaction is a part of a combined primary and secondary public offering of Cleveland-Cliffs’ shares. This divestment crystalizes additional proceeds from the transaction with Cleveland-Cliffs…