Page 3 - Arcelormittal

Steel giant ArcelorMittal's Q1 net income jumps over 80% to $4,125 million

"ArcelorMittal recorded net income for 1Q 2022 of USD 4,125 million as compared to...a net income of USD 2,285 million for 1Q 2021," the Luxembourg-based firm said

AMNS India installing advanced CRM at Hazira plant under Rs 8,500-cr plan

The company is aiming to commission the CRM by 2024, ArcelorMittal Nippon Steel (AMNS) India said in a statement

ArcelorMittal, Greenko to set up $600 mn renewable energy project

Project will be owned and funded by ArcelorMittal, will enable AM/NS India to prune power costs and carbon emissions

ArcelorMittal ties with Greenko Group to develop a 975MW RE project

Global steel and mining firm ArcelorMittal on Tuesday announced its strategic partnership with Greenko Group for developing a round-the-clock renewable energy project with 975 MW of nominal capacity.

Ukraine: ArcelorMittal halts steelmaking operations in Kryvyi Rih

Global steel giant ArcelorMittal has stopped production at its Kryvyi Rih facility in Ukraine amid the ongoing conflict between the eastern European country and Russia

ArcelorMittal Nippon Steel India clocks 59 per cent increase in EBITDA

Sequentially, however, the firm's EBITDA was 21% primarily due to lower steel selling prices and higher costs (including coking coal and power), the company said

ArcelorMittal posts three-fold jump in Q4 net income at $4,045 million

The company had posted a net income of USD 1,207 million in the year-ago period

NCLAT okays ArcelorMittal resolution plan for Odisha Slurry Pipeline Infra

Tribunal dismissing a raft of appeals including those filed by SREI entities

AM/NS to invest over Rs 1 trn in a 24 mn tonne steel plant in Odisha

The company had earlier this year signed an MoU for setting up a 12 mt steel plant at Kendrapara, Odisha, at an investment of Rs 50,000 crore

We'll continue to invest majorly across the business: ArcelorMittal CEO

Aditya Mittal unveils a four-fold vision for joint venture with Nippon Steel in India, ArcelorMittal Nippon Steel India, of which he is also the chairman

ArcelorMittal Nippon Steel India EBITDA jumps 213% to $551 mn in Sept qtr

The EBITDA was lower than $607 million in the previous quarter, primarily due to a negative cost-impact, including higher iron ore and energy costs

ArcelorMittal increases share buy-back programme by $1 billion

BRUSSELS (Reuters) - ArcelorMittal, the world's largest steelmaker, said on Thursday it was increasing its share buyback programme by another $1 billion after reporting its strongest quarter in more than a decade.

Arcelor Mittal reports strongest quarter in more than a decade

The company said it expects global steel demand to grow by between 12% and 13% this year, excluding China, where real demand has weakened

AM/NS India settles contracts with major auto OEMs at 8-9% price hike

Steel accounts for about 8-9 per cent of the selling price of a car, according to steel industry sources

Cheap funding, govt sops power Indian firms' big bets on renewable energy

India is heavily dependent on imports, and local manufacturing capacities are inadequate. Several Indian companies are planning to plug this loophole

Amid higher costs, steel firms may raise prices in the coming months

CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes

Supreme Court rejects ArcelorMittal Nippon India's plea on arbitration

The SC bench of Justices Indira Banerjee and J K Maheswari held that the trial court can consider the Section 9 Arbitration Act application filed by Essar against ArcelorMittal

SC rejects ArcelorMittal plea on arbitration in cargo handling dispute

Two-judge bench holds that trial court can consider application filed under Section 9 of the Arbitration Act by Essar against ArcelorMittal

ArcelorMittal to triple iron ore production, invest $800 mn in Liberia

ArcelorMittal signed an agreement to stay for at least 25 more years in Liberia, where it will at least triple its iron ore production and invest an additional $800 million

ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha

Spread over 139.165 hectares, the block has estimated resources of 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015