ArcelorMittal

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ArcelorMittal Europe in January-September reduced steel output by 11% y/y

During this period, steel shipments decreased by 7.8% y/y

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ArcelorMittal aims to quickly conclude a deal on assets in Kazakhstan

The company estimated its assets in the country at $1.8 billion

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ArcelorMittal reduced net profit by 57% y/y for January-September

In January-September 2023, the company's revenue decreased by 14.7%

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ArcelorMittal reduced steel output by 3.1% y/y in January-September

Iron ore production fell by 7.5% y/y in 9 months

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ArcelorMittal increases supply levels for hot-rolled coils in Europe

It is about a price of €680/t for the January order, the market reports

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ArcelorMittal obtained a court order to freeze the assets of Liberty – Argus

The litigation concerns the companies' 2019 agreement

kapital.kz
Kazakhstan to close the agreement on ArcelorMittal assets by the end of November

After this, the state does not intend to attract foreign investors

kapital.kz
Kazakhstan regains assets of ArcelorMittal Temirtau

After the fatal accident on October 28, the authorities suspended investment cooperation with AMT

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ArcelorMittal and JSW Steel are showing interest in acquiring Vedanta’s assets

Vedanta is reviewing its strategic priorities as part of its capital allocation discussions

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ArcelorMittal Fos-sur-Mer will continue to idle blast furnace №1

The unit is currently suspended for maintenance, and it is planned to resume operation only after the market sentiment improves

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ArcelorMittal Hamburg will suspend production twice before the end of the year

Planned shutdowns of the plant will last from October 27 to November 12 and from December 14 to December 31

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ArcelorMittal Brazil will reduce rolled steel production by 1.3 million tons in 2023

The decrease in the volume of steel production is associated with a large volume of imports of rolled steel into the country

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