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ArcelorMittal
 | |
 Former ArcelorMittal headquarters in Luxembourg, popularly known as the ARBED building | |
| Company type | Public |
|---|---|
| Euronext Amsterdam: MT NYSE: MT CAC 40 component AEX component | |
| ISIN | LU1598757687 |
| Industry | Steel industry |
| Predecessors | Arcelor Mittal Steel Company |
| Founded | 2007 |
| Headquarters | 24-26, Boulevard d’Avranches, Luxembourg City, Luxembourg |
Area served | Worldwide |
Key people | Aditya Mittal (CEO) Lakshmi Mittal (executive chairperson)[1] |
| Products | Steel, flat steel products, long steel products, wire products, plates |
| Revenue |  US$68.275 billion (2023) [1] |
| US$2.340 billion (2023)[1] | |
| US$919 million (2023)[1] | |
| Total assets | US$93.917 billion (2023)[1] |
| Total equity | US$56.068 billion (2023)[1] |
| Owner | Lakshmi Mittal and his family (39.87%)[1] |
Number of employees | 126,756 (2023)[1] |
| Subsidiaries | Disteel, Dillinger Hütte, Dofasco, Aperam South America, Creusot-Loire, ARBED, ALZ (steelworks), Arcelor |
| Website | corporate |
| Footnotes / references [1] | |
ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. It is ranked second on the list of steel producers behind Baowu, 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 its iron ore needs, 7% of its coal needs, 98% of its coke needs, and 59% of its scrap and direct reduced iron needs.[1]
The company is ranked 190th on the Fortune Global 500.[2]
The company is 39.87% owned by Lakshmi 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 in Baffinland in Canada.[1] The company's market share in the production of steel for the automotive 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.[3]
ArcelorMittal is the largest private employer in Luxembourg. At the beginning of 2014, it employed 4,600 employees in the Grand Duchy.[4]
- ^ a b c d e f g h i j k l m n o p "ArcelorMittal S.A. 2023 Form 20-F Annual Report" (PDF). U.S. Securities and Exchange Commission. 31 December 2023.
- ^ "ArcelorMittal". Fortune.
- ^ Cite error: The named reference
ft-carsawas invoked but never defined (see the help page). - ^ "Les plus gros employeurs du Luxembourg sont..." L'essentiel. Luxembourg. 2 July 2014.
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