ArcelorMittal

ArcelorMittal

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ArcelorMittal

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ArcelorMittal S.A. is a global steel company headquartered in Avenue de la Liberté, Luxembourg, Luxembourg. It is the largest steel producing company in the world and is the market leader in steel for use in automotive, construction, household appliances and packaging. It holds sizeable captive supplies of raw materials and operates extensive distribution networks. The company was formed in 2006 by the merger of Arcelor and Mittal Steel. It ranks 99th on the 2010 Fortune Global 500 list.

History

Its industrial presence in Europe, Asia, Africa, North America, and South America gives the Group exposure to all the key steel markets, from emerging to mature. ArcelorMittal is looking to develop positions in the high-growth Indian and Chinese markets.

ArcelorMittal key financials for 2007 show revenues of US$105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of the world steel output.

ArcelorMittal is listed on the stock exchanges of New York, Amsterdam, Paris, Brussels, Luxembourg and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia.

As of 4 November 2008, the market capitalisation of ArcelorMittal was $35.37B.

In December 2008, ArcelorMittal announced several plant closings, including the former Bethlehem Steel plant in Lackawanna, NY and LTV Steel in Hennepin, IL.

On 30 June 2010, the European Commission fined 17 steel...
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