ArcelorMittal

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EU should support European steel industry – CEO of ArcelorMittal Europe

The industry is under the pressure of high costs and volumes of cheap imports

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ArcelorMittal raises prices for steel coils in Europe by €40/t

The company is bullish on current levels and has withdrawn all offers below €590/t

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ArcelorMittal Fos-sur-Mer puts a new ladle furnace into operation

Thanks to this, by 2025, CO2 emissions at the enterprise will be reduced by almost 10%

ArcelorMittal halts coke production at its Gijon plant

On September 17, an explosion occurred at the coke battery of the enterprise

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ArcelorMittal Europe launches low-carbon transport for steel delivery

The initiative allows to reduce CO2 emissions from road transport by about 90%

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ArcelorMittal to supply green electricity to service center in Neuwied

A solar power plant with a capacity of 4.1 million kWh is being built on the roof of the enterprise

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ArcelorMittal completes acquisition of 28.4% stake in French Vallourec

The value of the deal is estimated at €955 million

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ArcelorMittal Europe increased steel production by 7.8% y/y in January-June

During this period, steel shipments decreased by 0.5% y/y

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ArcelorMittal received $1.44 billion in net profit in H1

The company's revenue for the period amounted to $32.53 billion

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ArcelorMittal produced 29.1 million tons of steel in H1

Iron ore production for the period amounted to 19.7 million tons

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ArcelorMittal raises prices for long products across Europe

The decision is motivated by rising production costs and the need to restore profitability

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ArcelorMittal Poland closes coke oven battery in Krakow

At the end of 2023, the company switched the unit to hot preservation mode due to weak demand for steel

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