ArcelorMittal

{{Short description|Luxembourgish steel manufacturing corporation}}

{{Infobox company

| name = ArcelorMittal S.A.

| logo = ArcelorMittal.svg

| logo_size = 200px

| image = Luxembourg Arcelor Mittal.jpg

| image_caption = Former ArcelorMittal headquarters in Luxembourg, popularly known as the ARBED building

| type = Public

| traded_as = {{Unbulleted list |{{EuronextAmsterdam|MT|LU1598757687|XAMS}} |{{NYSE|MT}} |CAC 40 component |AEX component}}

| ISIN = {{ISIN|sl=n|pl=y|LU1598757687}}

| founder =

| predecessors = {{Unbulleted list |Arcelor |Mittal Steel Company}}

| foundation = {{start date and age|2007}}

| location = Luxembourg City, Luxembourg

| key_people = {{nowrap|Aditya Mittal (CEO)
Lakshmi Mittal (executive chairperson)
Karel De Gucht (Director)
Etienne Schneider (Director)
Patricia Barbizet (Director)}}

| area_served = Worldwide

| industry = Steel industry

| products = Steel, flat steel products, long steel products, wire products, plates

| revenue = {{nowrap| {{decrease}} {{US$|62.44 billion|link=yes}} (2024) }}

| operating_income = {{increase}} {{US$|3.310 billion}} (2024)

| net_income = {{increase}} {{US$|1.339 billion}} (2024)

| assets = {{decrease}} {{US$|89.39 billion}} (2024)

| equity = {{decrease}} {{US$|51.29 billion}} (2024)

| num_employees = {{decrease}} 125,416 (2024)

| owner = Lakshmi Mittal and his family (39.87%)

| subsid = Disteel, Dillinger Hütte, Dofasco, Aperam South America, Creusot-Loire, Essar Steel, ARBED, ALZ (steelworks), Arcelor

| homepage = {{URL|corporate.arcelormittal.com}}

| footnotes = {{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1243429/000124342925000017/mt-20241231.htm | title=ArcelorMittal S.A. 2024 Form 20-F Annual Report | publisher=U.S. Securities and Exchange Commission | date=10 March 2025 |access-date=11 March 2025}}

}}

File:Peb0037.jpg

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 58 million metric tonnes in 2024. It has steel-making operations in 15 countries, including 37 integrated and mini-mill steel-making facilities. In 2024, the company's production was 38% in the Americas, 53% in Europe and 9% in other countries, such as South Africa and Ukraine. The company is vertically-integrated and produces 58% of its iron ore needs, 90% of its coke needs, and 54% of its scrap and direct reduced iron needs.

The company is ranked 190th on the Fortune Global 500.{{cite web |title=ArcelorMittal |url=https://fortune.com/company/arcelormittal/ |work=Fortune | url-access=subscription}}

The company is 39.88% owned by Lakshmi Mittal and his family and the remainder of the company is publicly traded.

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. The company's market share in the production of steel for the automotive industry is 15%.

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.

History

ArcelorMittal was formed in 2007 from the $33 billion acquisition of Arcelor by Mittal Steel Company.{{cite news | url=https://www.forbes.com/2008/03/21/severstal-arcelor-mittal-markets-equity-cx_ll_0321markets04.html | title=ArcelorMittal Deal A Steal For Severstal | work=Forbes | date=21 March 2008 | url-access=limited}} The merger was consummated after Mittal Steel Company raised its bid for Arcelor and the Mittal family agreed to relinquish its controlling stake in the company and execute a standstill agreement not to acquire a controlling interest without approval from independent directors.{{Cite news | url=https://www.aljazeera.com/news/2006/5/19/mittal-steel-raises-arcelor-bid | title=Mittal Steel raises Arcelor bid | work=Al Jazeera English | date=19 May 2006}}{{Cite news | url=https://www.nytimes.com/2006/05/19/business/worldbusiness/19iht-Mittal.html | title=Mittal Steel raises its bid for Arcelor | first1=Heather | last1=Timmons | first2=Andrew | last2=Kramer | work=The New York Times | location=London | date=19 May 2006 | url-access=limited}}{{citation| url=https://www.nytimes.com/2006/06/25/business/worldbusiness/25iht-steel.html | title=Arcelor agrees to Mittal takeover | first1=James| last1=Kanter | first2=Heather | last2=Timmons | first3= Anand | last3=Giridharadas | date=25 June 2006 | work=The New York Times}} The resulting firm produced approximately 10% of the world's steel, and was at that time the largest steel company worldwide.{{cite news| url=http://news.bbc.co.uk/1/hi/business/5114290.stm| title=Steel firm opts for Mittal offer | work=BBC News | date=25 June 2006}}

In August 2007, the company acquired Sicartsa, operator of a plant in Mexico, from Grupo Villacero for $1.44 billion.{{Cite news | url=https://www.reuters.com/article/markets/arcelor-mittal-buys-mexico-s-sicartsa-for-1-44-bln-idUSL20472596/ | title=Arcelor Mittal buys Mexico's Sicartsa for $1.44 bln | first=Philip | last=Blenkinsop | work=Reuters | location=Brussels | date=9 August 2007}}

In October 2007, the company acquired 90% of Rongcheng Chengshan Steelcord, a Chinese steel wire company, for $26.6 million.{{Cite news | url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-buys-into-chinese-steel-wire-co-for-27-m/articleshow/2461805.cms | title=ArcelorMittal buys into Chinese steel wire co for $27 m | work=The Economic Times | date=16 October 2007}}{{Cite news | url=https://www.livemint.com/Companies/MDYaMLAPmjldDWjZIGttlK/ArcelorMittal-buys-major-stake-in-Chinese-steel-wire-busines.html | title=ArcelorMittal buys major stake in Chinese steel wire business | agency=Associated Press | work=Mint | date=15 October 2007}}

In November 2007, the company increased its stake in China Oriental Group to over 73%, becoming the first foreign company to control a steel mill in China.{{Cite news | url=https://www.reuters.com/article/legal/government/arcelormittal-buys-control-of-chinese-steel-mill-idUSHKG286236/ | title=ArcelorMittal buys control of Chinese steel mill | work=Reuters | date=21 November 2007}}

In April 2008, the company, in partnership with its joint venture partner Nippon Steel announced a $240 million investment to double galvanized production capacity at their I/N Kote with the addition of a new $240-million continuous galvanizing line.{{Cite news | url=https://www.aist.org/arcelormittal-and-nippon-steel-to-add-2nd-continuous-galv-line-at-i-n-kote | title=ArcelorMittal and Nippon Steel to Add 2nd Continuous Galv Line at I/N Kote | work=Association for Iron and Steel Technology | date=17 April 2008}}{{Cite news | url=https://economictimes.indiatimes.com/news/international/arcelormittal-nippon-steel-to-invest-240-mn/articleshow/2957381.cms | title=ArcelorMittal, Nippon Steel to invest $240 mn | location=Brussels | work=The Economic Times | date=16 April 2008}}

In December 2008, the company sold the Bethlehem Steel plant in Lackawanna, New York and the Sparrows Point Mill to Severstal, to satisfy conditions for regulatory approval of the merger with Arcelor.{{Cite news |url=https://www.reuters.com/article/us-arcelormittal-sparrowspoint-idUSL1734358920071217/ | title=ArcelorMittal sale of Sparrows Point falls through | first=Steve | last=James |work=Reuters |date=2007-12-17}}{{Cite news | url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/severstal-buys-arcelormittals-mill-for-810-mn/articleshow/2888682.cms | title=Severstal buys ArcelorMittal's mill for $810 mn | work=The Economic Times |date=2008-03-22 | issn=0013-0389}}

In December 2008, during the Great Recession, the company closed its steel mill in Hennepin, Illinois.{{Cite news | url=https://www.cantonrep.com/story/news/2008/12/10/hennepin-steel-plant-will-shutter/46384643007/ | title=Hennepin steel plant will shutter its doors | first=Gary L. | last=Smith | work=The Repository | date=8 December 2008}} In 2017, it was demolished.{{Cite news | url=https://www.pjstar.com/story/news/local/2017/04/19/shuttered-hennepin-steel-mill-being/21338405007/ | title=Shuttered Hennepin steel mill being demolished | first=Gary L. | last=Smith | work=Journal Star | date=19 April 2017}}

In July 2009, the company acquired Noble’s European Laser Welded Operations as part of the bankruptcy of Noble International.{{Cite news | url=https://www.aist.org/arcelormittal-acquires-noble%E2%80%99s-european-laser-welded-operations | title=ArcelorMittal Acquires Noble's European Laser Welded Operations | work=Association for Iron and Steel Technology | date=22 July 2009}}

In January 2011, the company completed the corporate spin-off of its stainless steel division, Aperam.{{Cite news | url=https://www.spglobal.com/commodityinsights/es/market-insights/latest-news/metals/011211-arcelormittal-shareholders-to-get-stake-in-stainless-spinoff-aperam | title=ArcelorMittal shareholders to get stake in stainless spinoff Aperam | work=S&P Global | date=12 January 2011}}{{Cite news | url=https://www.cleveland.com/business/2011/01/arcelormittal_shareholders_bac.html | title=ArcelorMittal shareholders back stainless steel spinoff | agency=Associated Press | work=The Plain Dealer | date=25 January 2011}}

In May 2012, the company sold Skyline Steel and Astralloy to Nucor for $605 million.{{Cite press release | url=https://www.businesswire.com/news/home/20120517006596/en/ArcelorMittal-Announces-Sale-of-Skyline-Steel-and-Astralloy-Business-in-The-NAFTA-Region-to-Nucor-Corporation | title=ArcelorMittal Announces Sale of Skyline Steel and Astralloy Business in The NAFTA Region to Nucor Corporation | publisher=Business Wire | location=Luxembourg | date=17 May 2012}}{{Cite news | url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-announces-sale-of-skyline-steel-astralloy-to-nucor-corporation-for-605-million/articleshow/13255647.cms | title=ArcelorMittal announces sale of Skyline Steel, Astralloy to Nucor Corporation for $605 million | first=Rakhi | last=Mazumdar | work=The Economic Times | date=18 May 2012}}

{{As of|July 2012}}, due to overcapacity and reduced demand in Europe, it had idled 9 of 25 blast furnaces.{{cite news | url=https://www.nytimes.com/2012/07/26/business/global/arcelormittal-a-global-steel-giant-scales-back.html | title=A Global Steel Giant Scales Back | first=Stanley | last=Reed | work=The New York Times | date=25 July 2012 | url-access=limited}}

In October 2012, it permanently shut down two blast furnaces in Florange, France.{{cite news | url=https://www.reuters.com/article/business/arcelormittal-confirms-french-furnace-closures-idUSBRE8900JG/ | title=ArcelorMittal confirms French furnace closures | first=Vincent| last=Kessler | work=Reuters | location=Florange | date=1 October 2012 | archive-url=https://web.archive.org/web/20160306151947/http://uk.reuters.com/article/uk-arcelormittal-france-idUKBRE89018420121001 | archive-date=6 March 2016 | url-status=live }} However, it revived them two months later when it agreed with the French government on a substantial investment.{{cite news |url=https://www.nytimes.com/2012/12/03/business/global/hollande-victory-may-be-pyrrhic.html |title=Hollande Victory May be Pyrrhic |work=The New York Times |date=2 December 2012 |last1=Reed |first1=Stanley |last2=Clark |first2=Nicola }}

In May 2013, the company sold a 15% interest in its Labrador Trough iron ore mining and infrastructure asset to Posco and China Steel for $1.1 billion.{{Cite news | url=https://www.scmp.com/business/commodities/article/1119216/canada-gets-boost-arcelormittal-sale-labrador-trough-stake | title=Canada gets boost from ArcelorMittal sale of Labrador Trough stake | agency=Bloomberg News | work=South China Morning Post | date=4 January 2013}}{{Cite news | url=https://www.aist.org/arcelormittal-completes-sale-of-15-interest-in-canadian-mines | title=ArcelorMittal Completes Sale of 15% Interest in Canadian Mines | work=Association for Iron and Steel Technology | date=31 May 2013}}{{Cite news | url=https://www.cityam.com/arcelormittal-sells-11bn-stake-its-canadian-mining-unit/ | title=ArcelorMittal sells $1.1bn stake in its Canadian mining unit | first=Cathy | last=Adams | work=City A.M. | date=2 January 2013}}

On 26 February 2014, ThyssenKrupp sold its carbon steel facility in Calvert, Alabama to ArcelorMittal and Nippon Steel for $1.55 billion. The facility was renamed AM/NS Calvert through the 50/50 joint partnership with Nippon Steel & Sumitomo Metal Corp.{{cite news | url=https://www.reuters.com/article/world/americas/arcelormittal-bids-15-billion-for-thyssenkrupps-alabama-plant-wsj-idUSBRE90G05U/ | title=ArcelorMittal bids $1.5 billion for ThyssenKrupp's Alabama plant | work=Reuters | date=17 January 2013 | archive-url=https://web.archive.org/web/20161202034432/http://uk.reuters.com/article/us-thyssenkrupp-steelplantbid-wsj-idUKBRE90G05T20130117| archive-date=2 December 2016 | url-status=live}}{{cite news |url=https://www.al.com/business/2014/02/post_96.html | title=Sale of ThyssenKrupp Steel USA clears all regulatory approval |last=Finch II | first=Michael | newspaper=The Press-Register | date=26 February 2014}}

In September 2014, ArcelorMittal and Gerdau sold Gallatin Steel to Nucor for $770 million.{{Cite news | url=https://www.forbes.com/sites/greatspeculations/2014/09/17/arcelormittal-to-sell-off-interest-in-gallatin-steel-company-as-part-of-efforts-to-deleverage/ | title=ArcelorMittal To Sell Off Interest In Gallatin Steel Company As Part Of Efforts To Deleverage | work=Forbes | date=17 September 2014 | url-access=limited}}

In February 2016, the company sold its 35% stake in Gestamp Automacion to the Riberas family for €875 million.{{Cite press release | url=https://www.globenewswire.com/news-release/2016/02/05/1611026/0/en/ArcelorMittal-sells-its-35-stake-in-Gestamp-Automoci%C3%B3n-for-875m.html | title=ArcelorMittal sells its 35% stake in Gestamp Automoción for €875m | publisher=GlobeNewswire | date=5 February 2016}}{{Cite news | url=https://www.sowetanlive.co.za/business/2016-02-05-arcelormittal-sells-stake-in-joint-venture-for-875m/ | title=ArcelorMittal sells stake in joint venture for €875m | work=The Sowetan | date=5 February 2016}}

In June 2016, the company announced the launch of a new high strength steel.{{cite news | url=https://www.ft.com/content/f76a7466-2b05-11e6-bf8d-26294ad519fc | last=Pooler | first=Michael | title=ArcelorMittal to launch new high strength steel | work=Financial Times | location=United Kingdom | date=5 June 2016 | url-access=subscription | archive-url=https://ghostarchive.org/archive/20221211231214/https://www.ft.com/content/f76a7466-2b05-11e6-bf8d-26294ad519fc | archive-date=11 December 2022 | url-status=live}}

In February 2017, ArcelorMittal and Votorantim announced plans to combine their long steel operations in Brazil. Under the deal, Votorantim Siderurgia became a subsidiary of ArcelorMittal Brasil.{{cite news |last=Pooler |first=Michael |date=23 February 2017 |title=ArcelorMittal and Votorantim to combine Brazilian long steel operations |url=https://www.ft.com/content/d2f1eafc-e56d-30a9-9cdf-1d275df842ab |archive-url=https://ghostarchive.org/archive/20221211231229/https://www.ft.com/content/d2f1eafc-e56d-30a9-9cdf-1d275df842ab |archive-date=11 December 2022 |work=Financial Times |location=United Kingdom |access-date=8 June 2017 |url-access=subscription |url-status=live }}{{Cite news | url=https://www.reuters.com/article/markets/currencies/arcelormittal-votorantim-to-combine-long-steel-ops-in-brazil-idUSKBN1621LP/ | title=ArcelorMittal, Votorantim to combine long steel ops in Brazil | first1=Gabriela | last1=Mello | first2=Marcelo | last2=Teixeira | editor-first1=Chizu | editor-last1=Nomiyama | editor-first2=Bernadette | editor-last2=Baum | work=Reuters | location=São Paulo | date=23 February 2017}}{{Cite press release | url=https://www.globenewswire.com/news-release/2017/02/23/926984/0/en/ArcelorMittal-Brasil-and-Votorantim-sign-agreement-to-combine-their-Brazilian-long-steel-businesses.html | title=ArcelorMittal Brasil and Votorantim sign agreement to combine their Brazilian long steel businesses | publisher=GlobeNewswire | date=23 February 2017}}{{Cite news | url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-brasil-and-votorantim-sign-agreement-to-combine-their-brazilian-long-steel-businesses/articleshow/57315325.cms | title=ArcelorMittal Brasil and Votorantim sign agreement to combine their Brazilian long steel businesses | first=Rakhi | last=Majumdar | work=The Economic Times | date=23 February 2017}}

In 2017, ArcelorMittal and the Steel Authority of India Ltd (SAIL) agreed on preliminary terms to form a $913 million joint venture to export a fifth of the auto-grade steel made by the venture.{{cite news |title=ArcelorMittal, SAIL agree to mediator's proposal to advance Indian venture |url=http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-sail-agree-to-mediators-proposal-to-advance-indian-venture/articleshow/58931073.cms | work=The Economic Times |location=India |date=31 May 2017}}{{Cite news | url=https://www.reuters.com/article/india-arcelormittal-sail/arcelormittals-1-billion-india-joint-venture-to-get-green-light-next-week-sources-idINKBN1E11FT/ | title=ArcelorMittal's $1 billion India joint venture to get green light next week - sources | first=Neha | last=Dasgupta | work=Reuters | location=New Delhi | date=7 December 2017}}

In March 2017, the company proposed a US$6.5 billion steel project in Karnataka, after entering into a pact with the Karnataka government in February 2017.{{cite news | url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-plans-solar-farm-on-steel-plant-land-in-karnataka/articleshow/57355048.cms | title=ArcelorMittal plans solar farm on steel plant land in Karnataka | work=The Economic Times |location=India |date=26 February 2017}}

In April 2017, the company sold Georgetown Steelworks in South Carolina to Sanjeev Gupta's Liberty House Group.{{cite news | url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/indian-origin-tycoon-sanjeev-gupta-to-acquire-arcelormittals-us-unit/articleshow/58300697.cms |title=Indian-origin tycoon Sanjeev Gupta to acquire ArcelorMittal's US unit | work=The Economic Times | location=India | date=21 April 2017}}

In November 2018, a consortium led by ArcelorMittal acquired Ilva, owner of the Taranto steelworks in southern Italy, which has Europe's largest steel output, for €1.8 billion. To receive approval, the consortium agreed to invest €2.4 billion into Ilva, renamed ArcelorMittal Italia, while the state agreed to invest €2 billion.{{Cite press release |url=https://www.globenewswire.com/news-release/2018/11/01/1640768/0/en/ArcelorMittal-completes-transaction-to-acquire-Ilva-S-p-A-and-launches-ArcelorMittal-Italia.html |title=Global Newswire}}{{cite news | url=https://www.ft.com/content/1656c312-4acb-11e7-a3f4-c742b9791d43 |title=ArcelorMittal wins race to buy Italian steel business Ilva |last=Pooler |first=Michael |work=Financial Times |location=United Kingdom | date=6 June 2017 |url-access=subscription |archive-url=https://ghostarchive.org/archive/20221211231217/https://www.ft.com/content/1656c312-4acb-11e7-a3f4-c742b9791d43 |archive-date=11 December 2022 |url-status=live}} ArcelorMittal accused the state of not investing the agreed-upon amount and, in February 2024, Italy's industry minister took control of the venture in a manner similar to a bankruptcy, after an increase in energy prices and a drop in rolled steel coil prices led the venture to accumulate huge debts.{{cite news | url=https://www.reuters.com/business/italy-appoints-special-commissioner-run-arcelormittal-plants-2024-02-20/ | title=Italy takes over running of ArcelorMittal's steelworks | first=Giuseppe | last=Fonte | work=Reuters | date=20 February 2024}}

In March 2019, the company, in partnership with Nippon Steel, acquired Essar Steel, which had filed for bankruptcy protection.{{Cite news | url=https://www.reuters.com/article/markets/india-s-bankruptcy-court-clears-arcelormittal-s-takeover-of-essar-steel-tv-idUSL3N20V33Y/ | title=India's bankruptcy court clears ArcelorMittal's takeover of Essar Steel - TV | first=Chris | last=Thomas | editor-first=Shreejay | editor-last=Sinha | work=Reuters | date=8 March 2019}}

In July 2019, the company sold seven major steelworks and five service centers in seven European countries to Sanjeev Gupta's Liberty House Group.{{Cite press release | url=https://libertysteelgroup.com/liberty-completes-landmark-acquisition-of-european-arcelormittal-steel-assets/ | title=Liberty completes landmark acquisition of European ArcelorMittal steel assets | publisher=Liberty House Group | date=1 July 2019}}

In August 2019, the company took over management of Hibbing Taconite, of which it owns 62.3%, from Cleveland-Cliffs.{{cite news | url=https://www.startribune.com/arcelormittal-takes-over-hibbing-taconite-management-from-cliffs/503730222 | last=DePass | first=Dee | title=ArcelorMittal takes over Hibbing Taconite management from Cliffs | work=Minneapolis Star-Tribune |date=31 December 2019}}

Also in August 2019, the company acquired Legault Métal.{{Cite press release | url=https://www.newswire.ca/news-releases/arcelormittal-long-products-canada-acquires-legault-metal-838857559.html | title=ArcelorMittal Long Products Canada acquires Legault Métal | publisher=Newswire | date=27 August 2019}}

In December 2020, the company sold ArcelorMittal USA, which had 2019 revenues of $17 billion, to Cleveland-Cliffs for approximately $1.4 billion.{{Cite news | url=https://www.businesswire.com/news/home/20200927005083/en/Cleveland-Cliffs-Inc.-to-Acquire-ArcelorMittal-USA | title=Cleveland-Cliffs Inc. to Acquire ArcelorMittal USA | publisher=Business Wire | date=28 September 2020}}{{Cite press release | url=https://www.clevelandcliffs.com/news/news-releases/detail/8/cleveland-cliffs-inc-completes-acquisition-of | title=Cleveland-Cliffs Inc. Completes Acquisition of ArcelorMittal USA | publisher=Cleveland-Cliffs | location=Cleveland, Ohio | date=9 December 2020}}{{Cite news | url=https://www.jonesday.com/en/practices/experience/2020/12/clevelandcliffs-to-acquire-arcelormittal-usa-for-approximately-14-billion | title=Cleveland-Cliffs acquires ArcelorMittal USA for approximately $1.4 billion | work=Jones Day | date=December 2020}}{{Cite news | url=https://www.mansfieldnewsjournal.com/story/news/2020/12/09/cleveland-cliffs-completes-acquisition-arcelormittal-usa-operations/3865929001/ | title=Cleveland-Cliffs completes purchase of ArcelorMittal USA operations | first=Lou | last=Whitmire | work=Mansfield News Journal | location=Cleveland | date=9 December 2020}}{{Cite news | url=https://www.bizjournals.com/cleveland/news/2020/12/09/cleveland-cliffs-completes-arcelormit-purchase.html | title=Cleveland-Cliffs completes $1.4 billion ArcelorMittal USA acquisition | first=Ben | last=Miller | work=American City Business Journals | date=9 December 2020}}

In March 2022, the company acquired John Lawrie Metals, a metals recycler in Scotland.{{Cite news | url=https://www.argusmedia.com/es/news-and-insights/latest-market-news/2306893-arcelormittal-buys-scottish-recycler-john-lawrie-metals | title=ArcelorMittal buys Scottish recycler John Lawrie Metals | work=Argus Media | date=1 March 2022}}

In May 2022, the company acquired 10 scrap yards in the south of Germany.{{Cite news | url=https://www.spglobal.com/commodity-insights/en/news-research/latest-news/metals/051922-arcelormittal-doubles-down-on-ferrous-scrap-acquisitions-amid-transatlantic-trend | title=ArcelorMittal doubles down on ferrous scrap acquisitions amid Transatlantic trend | first=Hector | last=Forster | work=S&P Global | date=19 May 2022}}{{Cite news | url=https://www.argusmedia.com/es/news-and-insights/latest-market-news/2328513-arcelormittal-buys-three-german-recycling-operations | title=ArcelorMittal buys three German recycling operations | work=Argus Media | date=5 May 2022}}

In July 2022, the company acquired an 80% interest in Voestalpine's hot-briquetted iron plant near Corpus Christi, Texas, based on a $1 billion valuation.{{Cite press release | url=https://www.globenewswire.com/news-release/2022/07/01/2472629/0/en/ArcelorMittal-completes-acquisition-of-majority-stake-in-voestalpine-s-state-of-the-art-HBI-facility-in-Texas.html | title=ArcelorMittal completes acquisition of majority stake in voestalpine's state-of-the-art HBI facility in Texas | publisher=GlobeNewswire | date=1 July 2022}}

In December 2022, the company acquired Riwald Recycling.{{Cite press release | url=https://www.globenewswire.com/news-release/2022/12/06/2567967/0/en/ArcelorMittal-acquires-Dutch-scrap-metal-recycling-business-Riwald-Recycling.html | title=ArcelorMittal acquires Dutch scrap metal recycling business Riwald Recycling | publisher=GlobeNewswire | date=6 December 2022}}

In March 2023, the company acquired Companhia Siderúrgica do Pecém, owner of a 3-million-metric-ton blast furnace and slab plant in northeastern Brazil, for $2.2 billion.{{Cite news | url=https://www.aist.org/arcelormittal-takes-ownership-of-brazilian-slab-plant | title=ArcelorMittal Takes Ownership of Brazilian Slab Plant | work=Association for Iron and Steel Technology | date=15 March 2023}}

In April 2023, the company's joint venture with Nippon Steel acquired Indian Steel Corporation, which had filed for bankruptcy protection.{{Cite news | url=https://www.telegraphindia.com/business/arcelormittal-buys-bankrupt-indian-steel-corporation/cid/1930405 | title=ArcelorMittal buys bankrupt Indian Steel Corporation | work=The Telegraph | date=18 April 2023}}

In December 2023, the company sold its assets in Kazakhstan, the Temirtau steel mill and the Aktau pipe plant, for $286 million to a Kazakh state-owned investment fund.{{Cite news | url=https://www.reuters.com/markets/commodities/kazakhstan-says-close-taking-over-arcelormittal-unit-2023-10-31/ | title=ArcelorMittal sells Kazakh assets for $286 mln - Kazakh govt | first1=Tamara | last1=Vaal | first2=Olzhas | last2=Auyezov | editor-first1=Shri |editor-last1=Navaratnam | editor-first2=Tom | editor-last2=Hogue | work=Reuters | location=Astana | date=8 December 2023}}

In August 2024, ArcelorMittal acquired a 27.5% interest in Vallourec, a producer of seamless steel tubes, from funds managed by Apollo Global Management for €955 million.{{Cite press release | url=https://www.vallourec.com/app/uploads/2024/08/20240806-Vallourec_Press-Release_ArcelorMittal-Anchor-Shareholder.pdf | title=ARCELORMITTAL BECOMES THE ANCHOR SHAREHOLDER OF VALLOUREC | publisher=Vallourec | location=Meudon | date=6 August 2024}}{{Cite news | url=https://www.bloomberg.com/news/articles/2024-03-12/arcelormittal-buys-1-04-billion-equity-stake-in-vallourec | title=Pipe Maker Vallourec Jumps as ArcelorMittal Buys 28% Stake | first1=Joe | last1=Deaux | first2=Mark | last2=Burton | first3=Francois | last3=De Beaupuy | work=Bloomberg News | date=13 March 2024 | url-access=subscription}}

In 2025, the company's South Africa division ended production of long steel products due to high logistic and energy costs.{{Cite news | url=https://www.wsj.com/business/arcelormittal-south-africa-to-wind-down-long-steel-products-business-729f4743 | title=ArcelorMittal South Africa to Wind Down Long-Steel Products Business | first=Pierre | last=Bertrand | work=The Wall Street Journal | date=6 January 2025 | url-access=subscription}}

Predecessor companies

Acquired by Mittal Steel Company:

International Steel Group (acquired 2004){{Cite news | url=https://www.nytimes.com/2004/10/26/business/worldbusiness/merger-creates-top-steel-group.html | title=Merger creates top steel group | work=The New York Times | location=London | date=26 October 2004 | url-access=limited}}
Bethlehem Steel – United States (acquired 2003)
Lukens Steel Company – United States (acquired 1997)
Pennsylvania Steel Company – United States (acquired 1917)
ISG Weirton Steel – United States (acquired 2002){{cite news | url=https://money.cnn.com/2002/02/27/companies/ltv/ |title=LTV Steel Cleveland, OH assets sold | work=CNN |date= 27 February 2002 }}
Ling-Temco-Vought – United States (acquired 2002)
Republic Steel – United States (acquired 1984){{Cite web | url=https://republicsteel.com/about-us | title=History of Republic Steel | publisher=Republic Steel}}
Jones and Laughlin Steel – United States (acquired 1984)
Acme Steel – Chicago, US (acquired 2002)
Ispat International (later Mittal Steel Company) (acquired 2004){{Cite news | url=https://www.jonesday.com/en/practices/experience/2005/04/international-steel-group-merges-with-ispat-international | title=International Steel Group merges with Ispat International | work=Jones Day | date=April 2005}}
Inland Steel Company – United States (acquired 1998){{Cite news | url=https://www.nytimes.com/1998/03/18/business/international-business-british-company-is-acquiring-inland-steel.html | title=INTERNATIONAL BUSINESS; British Company Is Acquiring Inland Steel | agency=Bloomberg News | work=The New York Times | date=March 18, 1998 | url-access=limited}}
ArcelorMittal Kryvyi Rih – Ukraine (acquired 2005){{Cite news | url=https://archive.kyivpost.com/article/content/business/mittal-close-to-finalizing-kryvorizhstal-acquisiti-23425.html | title=Mittal close to finalizing Kryvorizhstal acquisition | first=Roman | last=Olearchyk | work=Kyiv Post | date=2 November 2005}}

Acquired by Arcelor:

Aceralia – Spain (merger 2001)
Usinor – France (merger 2001)
Acesita – Brazil (acquired 1998)
ARBED – Luxembourg (merger 2001)
Acindar – Argentina (acquired 2006)
Dofasco – Canada (acquired March 2006){{cite news | url=https://www.fasken.com/en/solution/clientwork/2006/03/arcelor-acquires-dofasco-for-us$5,-d-,6-billion | title=Arcelor acquires Dofasco for US$5.6 billion | work=Fasken | date=March 2006}}

Facilities

File:ArcelorMittal Ostrava, pohled z Nové radnice, srpen 2011.jpg

Operated by ArcelorMittal:

ArcelorMittal Ghent – Zelzate, plants in Geel, Genk and Liège, Belgium
ArcelorMittal Kryvyi Rih in Kryvyi Rih, Ukraine
Plant in Dunkerque, Desvres, Fos-sur-Mer, Mardyck, Montataire, Basse-Indre, Florange, Mouzon, Saint-Chély-d'Apcher, France{{cite web |url=https://flateurope.arcelormittal.com/ourmills/704/dunkerque |title=ArcelorMittal Dunkerque | publisher=ArcelorMittal}}
Plants in Bremen and Eisenhüttenstadt, Duisburg Germany
ArcelorMittal Mexico – plant in Lázaro Cárdenas, Michoacán, Mexico
Katowice Steelworks – Dąbrowa Górnicza, Tadeusz Sendzimir Steelworks in Kraków, Sosnowiec, Swietochlowice, Chorzów, Zdzieszowice, Poland
Hunedoara steel works – Hunedoara, Galați steel works – Galaţi, (operated by Liberty Galati)
ArcelorMittal Spain, plants in Avilés and Gijón, Etxebarri, Lesaka and Legasa, Sagunto and Sestao (part of Greater Bilbao), Bergara, Olaberria
Plant in Belval, Esch-sur-Alzette, Differdange and Rodange, Luxemburg
Dofasco – Hamilton, Ontario, Canada
Acindar – Villa Constitución, Argentina{{cite web |url=https://www.acindar.com.ar/ |title=Home |website=acindar.com.ar}}
Hibbing Taconite (62.3% interest) – Hibbing, United States
Vanderbijlpark, South Africa
ArcelorMittal Aços Longos – Brazil

Joint ventures:

Essar Steel (AM/NS India) – Hazira (joint venture with Nippon Steel)
Annaba steel complex – Annaba, Algeria (joint venture with Sidar){{cite news |title=Algeria: Government takes over steel production from ArcelorMittal |url=https://northafricapost.com/4396-algeria-government-takes-over-steel-production-from-arcelormittal.html | work=The North Africa Post |date=8 October 2013}}
Ouenza and Boukhadra mines – Algeria (joint venture with Sidar)
AM/NS Calvert – Calvert, United States (50/50 joint partnership with Nippon Steel)

Controversies and legal issues

=Pollution caused by plant in Kazakhstan=

In January 2018, black snow fell in the city of Temirtau, Kazakhstan, where an ArcelorMittal plant was located, which locals blamed on the plant. The company claimed that the discoloration of the snow was caused by a lack of wind which would otherwise blow the pollution away.{{Cite news | url=https://www.bbc.com/news/world-asia-42653738 |title=Black snow blankets central Kazakh city | last=Abdurasulov | first=Abdujalil |work=BBC News |date=11 January 2018}}{{Cite news |url=https://www.independent.co.uk/news/world/asia/snow-kazakhstan-black-pollution-levels-fossil-fuels-oil-gas-mining-a8155071.html |title=Snow is turning black 'because of pollution' | work=The Independent |date=12 January 2018}}{{Cite news |url=https://www.9news.com.au/world/2018/01/12/09/24/black-snow-covers-kazakhstan-town | title=Black snow covers Kazakhstan town | work=Nine News |date=12 January 2018}}{{Cite news |url=http://www.newsweek.com/black-snow-covers-city-kazakhstan-triggering-mass-health-risk-fears-779298 |title=Black snow falls in Kazakhstan, with locals blaming industrial pollution | work=Newsweek | date=12 January 2018}}{{Cite news | url=https://www.upi.com/Top_News/World-News/2018/01/11/Black-snow-blankets-Kazakhstan-city-believed-to-be-polluted/3941515693236/ |title='Black snow' blankets Kazakhstan city believed to be polluted |work=United Press International | date=12 January 2018}}{{Cite news | url=https://akipress.com/news:600828 |title=Black snow covers Kazakhstan's Temirtau | work=AKIpress News Agency | date=12 January 2018}}

=Price-fixing=

Following an investigation first launched in 2008, in August 2016 the Competition Commission (South Africa) found the company guilty of price fixing. ArcelorMittal was fined US$110.9 million and, as part of the settlement, also agreed to invest R4.64 billion in capital over five years.{{Cite web |url=https://www.businesslive.co.za/bd/companies/industrials/2022-09-12-arcelormittal-starts-paying-off-r15bn-cartel-fine/ |title=ArcelorMittal starts paying off R1.5bn cartel fine | first=Michelle | last=Gumede | work=Business Day |date=12 September 2022}} Between January 1984 and September 2002, the companies fixed the market, prices, and exchanged confidential corporate information.{{cite press release |url=https://ec.europa.eu/commission/presscorner/detail/en/ip_11_403 |title=Antitrust: Commission fines prestressing steel producers €269 million for two-decades-long price-fixing and market-sharing cartel |publisher=Europa | date=4 April 2011}}

=Safety issues=

In July 2018, the Indiana Occupational Safety and Health Administration found five serious safety violations at the company's Indiana Harbor steel mill in East Chicago after the death of a steelworker while driving a golf cart at the facility with faulty brakes. The company was fined $21,000.{{Cite news | url=https://www.nwitimes.com/business/local/arcelormittal-fined-21-000-after-workers-death/article_dac93479-8d71-5a6d-9c20-799af465d040.html | title=ArcelorMittal fined $21000 after worker's death | work=The Times of Northwest Indiana | date=21 July 2018 | url-access=subscription}}

=Halted iron ore development in Senegal=

The company entered into a $2.2 billion contract to develop an iron ore deposit in Senegal, including construction of a {{convert|750|km|0|abbr=on}} railway line. After it stalled on the contract and failed to build according to schedule, the government of Senegal sued. In September 2013, the government of Senegal won a court case before an international tribunal to rescind the deal. In June 2014, the International Chamber of Commerce's arbitration court in Paris awarded Senegal $150 million.{{Cite news | url=https://www.reuters.com/article/senegal-arcelormittal-idUSL5N0H64EZ20130910 | title=Senegal wins court case against Arcelor Mittal -government | work=Reuters | date=10 September 2013}}{{cite news |url=https://www.reuters.com/article/markets/commodities/senegal-to-receive-150-mln-in-damages-from-arcelormittal-min-idUSL6N0ON31B/ |title=UPDATE 1-Senegal to receive $150 mln in damages from ArcelorMittal |last=Felix |first=Bate | work=Reuters | date=6 June 2014 |archive-url=https://web.archive.org/web/20160304071234/http://af.reuters.com/article/senegalNews/idAFL6N0ON31B20140606 |archive-date=4 March 2016 |url-status=live}}

=Transactions with Russia despite international sanctions=

In 2023, the company spent $23 million to buy 3 cargoes of coal from Russian companies sanctioned as part of international sanctions during the Russian invasion of Ukraine.{{Cite news | url=https://www.globalwitness.org/en/campaigns/fossil-gas/arcelormittal-bought-coal-russia-ukrainian-employees-died-frontlines/ | title=ArcelorMittal bought coal from Russia as Ukrainian employees died on frontlines | work=Global Witness | date=26 June 2024}}

===Fos-sur-Mer Lawsuit and Indictment===

ArcelorMittal was sued in 2018 by the environmental nonprofit Association for the Defense and Protection of the Gulf of Fos Coastline (ADPLGF), around 250 local residents, organizations, and unions. The group accused the steelmaker of exposing people in Fos-sur-Mer region of France to "illegal discharges" of pollutants. In March 2025, the company was indicted for endangering the lives of others, forgery and environmental damages in connection to industrial pollution in Fos-sur-Mer. As a result of the indictment, ArcelorMittal has been placed under judicial supervision, subject to a 250,000 euro deposit and a 1.75 million euro bank guarantee.{{cite news |last=Peverieri |first=Anna |date=March 25, 2025 |access-date=April 30, 2025|title=ArcelorMittal indicted in Fos-sur-Mer pollution case in France |url=https://www.reuters.com/business/environment/arcelormittal-indicted-fos-sur-mer-pollution-case-france-2025-03-25/ |work=Reuters}} {{cite news |date=March 25, 2025 |access-date=April 30, 2025|title=Luxembourg-based steelmaker ArcelorMittal under investigation in France |url=https://www.luxtimes.lu/businessandfinance/luxembourg-based-steelmaker-arcelormittal-under-investigation-in-france/51270923.html |work=Luxembourg Times}}