ArcelorMittal
Former ArcelorMittal headquarters in Luxembourg, popularly known as the ARBED building | |
| Company type | Public |
|---|---|
| ISIN | LU1598757687 |
| Industry | Steel industry |
| Predecessors | |
| Founded | 2007 |
| Headquarters | Luxembourg City, Luxembourg |
Area served | Worldwide |
Key people | Aditya Mittal (CEO) Lakshmi Mittal (executive chairperson) Karel De Gucht (Director) Etienne Schneider (Director) Patricia Barbizet (Director) |
| Products | Steel, flat steel products, long steel products, wire products, plates |
| Revenue | US$62.44 billion (2024) |
| US$3.310 billion (2024) | |
| US$1.339 billion (2024) | |
| Total assets | US$89.39 billion (2024) |
| Total equity | US$51.29 billion (2024) |
| Owner | Lakshmi Mittal and his family (39.87%) |
Number of employees | 125,416 (2024) |
| Subsidiaries | Disteel, Dillinger Hütte, Dofasco, Aperam South America, Creusot-Loire, Essar Steel, ARBED, ALZ (steelworks), Arcelor |
| Website | corporate |
| Footnotes / references | |
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.
The company 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.
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.