ArcelorMittal

ArcelorMittal | May 29, 2019

ArcelorMittal fell the most in two years after announcing that it’s further cutting steel production across its European plants to cope with weak demand and rising imports. The world’s largest steelmaker will reduce primary production in France, Germany and Spain, according to a statement on Wednesday. It’s the second time this month ArcelorMittal has announced output cuts. In total, it could affect up to 10% of the company’s steel production from the European Union.The s...

ArcelorMittal | March 29, 2019

As part of its strategy to reduce CO2 emissions, hydrogen will be used at the firm’s Hamburg plant for the direct reduction of iron ore. The hydrogen-based reduction of iron ore will initially take place on a demonstration scale with an annual production of 100,000 tonnes. A pilot plant is to be built in the coming years. Already today, the Hamburg plant has one of the most efficient production processes of the ArcelorMittal Group due to the use of natural gas in a direct reduction plant.<...

ArcelorMittal | July 31, 2020

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 18 countries. In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while iron ore production reached 57.1 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Ste...

IndustryWeek | January 14, 2020

Nearly three-quarters of manufacturing managers worldwide consider data sharing to improve their operations. In a recent study, the World Economic Forum, in collaboration with Boston Consulting Group, entitled Share to Gain: Unlocking Data Value in Manufacturing, examined the opportunities associated with data sharing in manufacturing and the enablers for building successful data-sharing ecosystems. Although manufacturers are making strides in applying data-driven technologies, most focus on app...