ArcelorMittal, S.A.

230px
Type	Société Anonyme
Traded as	Euronext: MT NYSE: MT BMAD: MTS LuxSE: MT
Industry	Steel
Predecessor(s)	Arcelor Mittal Steel Company
Founded	2006
Headquarters	Avenue de la Liberté, Luxembourg, Luxembourg
Area served	Worldwide
Key people	Lakshmi Mittal (Chairman and CEO) Aditya Mittal (CFO)
Products	Steel, flat steel products, long steel products, wire products, plates
Revenue	US$ 93.973 billion (2011)[1]
Operating income	US$ 04.898 billion (2011)[1]
Profit	US$ 02.263 billion (2011)[1]
Total assets	US$ 121.88 billion (2011)[1]
Total equity	US$ 56.690 billion (2011)[1]
Employees	261,000 (2011)[1]
Website	www.arcelormittal.com

ArcelorMittal S.A. (French pronunciation: [aʁsəlɔʁmiˈtal]) is a global steel company headquartered in Avenue de la Liberté, Luxembourg. It is the largest steel producing company in the world^[2] 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 takeover of Arcelor by Mittal Steel. ArcelorMittal ranked 74th on Fortune Global 500 list in 2011.^[3]

Although official headquarters is Luxembourg (done as part of the deal to merge the two companies), ArcelorMittal is in fact run from London, namely: Berkeley Square House, 7th Floor, Berkeley Square, London W1J 6DA. ("Arcelor Mittal's headquarters may be in Luxembourg, Aditya [Mittal, son of the Chairman] says, but the "power is in London."") ^[4]

History[link]

Wikinews has related news: Arcelor declares merger with Mittal Steel.

AcelorMittal traces part of its origins to Ispat International, founded in 1976 by Lakshmi Mittal, scion of an Indian industrial family who had decided to build his own business separate from the family, in the form of a greenfield steel plant in Indonesia called PT Ispat Indo. Ispat International became an international company in 1989 when it set up operations in Trinidad and Tobago. Over the next two decades, it has grown through a series of acquisitions in North America, Europe, Africa and Asia. In 2004 it merged with LNM Group (another major steel company owned by Lakshmi Mittal) and International Steel Group to form Mittal Steel Company the worlds biggest steel company. In 2005 it bought Kryvorizhstal for $4.8 billion (twice the market rate) after a bidding war with the then rival Arcelor.

Arcelor, the other part of AcelorMittal's origins, was created in 2002 by the merger of Arbed (formed in 1911 in Luxembourg), Usinor (fomedm in 1948 in France) and Aceralia (formed in 1902 in Spain). In 2005 it puchased Dofasco. By 2006, Arcelor was the world's second largest steel producer.

After a long and bitter takeover bid in which Arcelor tried to fend off a takeover bid by Mittal Steel by attempting (and failing) to merge with Nippon Steel, POSCO, Gerdau, Evraz, Severstal and the steel making operations of ThyssenKrupp, Arcelor and Mittal merged in 2006, and the combined company has chosen to be headquartered in Luxembourg.

ArcelorMittal is result of the combinnation of the following companies

• Ispat International (including sister company LNM Group)
• Kryvorizhstal
• Iron & Steel Company of Trinidad & Tobago
• Sibalsa
• Sidbec-Dosco
• Hamburger Stahlwerke
• Karmet Steel
• Walzdraht Hochfeld
• Stahlwerk Ruhrort
• Inland Steel Company
• Sidex
• Iscor
• Tadeusz Sendzimir Steelworks
• International Steel Group
• Republic Steel
• Jones and Laughlin Steel Company
• Bethlehem Steel Corporation
• Lackawanna Steel Company
• Weirton Steel
• Georgetown Steel/GST Steel
• Arcelor
• Aceralia
• ENSIDESA
• UNISA
• Altos Hornos de Vizcaya
• ARBED
• Société anonyme des Hauts Fourneaux et Forges de Dudelange
• Société anonyme des Mines du Luxembourg et Forges de Sarrebruck
• Société en commandite des Forges d'Eich, Le Gallais, Metz et Cie
• Société Metallurgique des Terres Rouges
• Société Minière des Terres Rouges
• SIDMAR
• Minière et Métallurgique de Rodange
• Société des Hauts Fourneaux et Aciéries d'Athus
• Klöckner Stahl
• Usinor
• Les Hauts Fourneaux, Forges et Aciéries de Denain-Anzin
• Les Forges et Aciéries du Nord et de l'Est
• Lorraine-Escaut
• Senelle-Maubeuge
• Longwy
• Escaut et Meuse
• Société des forges de Châtillon-Commentry-Neuves-Maisons
• Compagnie anonyme de Châtillon et Commentry
• Société métallurgique de Champigneulles et Neuves-Maisons
• Sollac
• Ugine
• Sacilor
• de Wendel Steel
• Société Mosellane de Sidérurgie
• Knutange
• UCPMI
• Cockerill-Sambre
• Société anonyme John Cockerill
• Ougrée-Marihaye
• Ferblatil
• Tolmatil
• Espérance-Longdoz
• Hainaut-Sambre
• Usine Métallurgiques du Hainaut
• Sambre et Moselle
• Thy-Marcinelle et Providence
• Thy-Marcinelle et Monceau
• Forges de la Providence
• Acesita

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 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.^[5]

As of 4 November 2008, the market capitalisation of ArcelorMittal was $35.37B.^[6]

In December 2008, ArcelorMittal announced several plant closings, including the former Bethlehem Steel plant in Lackawanna, New York, U.S and LTV Steel in Hennepin, Illinois, U.S.

On 30 June 2010, the European Commission fined 17 steel producers a total of €518M for running a price-fixing cartel, with ArcelorMittal being hit the hardest.

On 26 January 2011, the Stainless steel division split off as a new company, Aperam.

ArcelorMittal is the current owner of what once was the Mark Manufacturing Company in East Chicago. ^[7] Marktown, Clayton Mark's planned worker community, was built to house the workers for the Mark Manufacturing Company. ^[8]

Organizational structure[link]

Lakshmi Mittal (owner of Mittal Steel), is the Chairman and CEO and owns 40% the shares and voting shares in the company.

The composition of ArcelorMittal's Group Management Board is as follows: Lakshmi N. Mittal (Chairman and CEO), Aditya Mittal (CFO), Michel Wurth, Gonzalo Urquijo, Sudhir Maheshwari, Lou Schorsch, Davinder Chugh and Peter Kukielski.

ArcelorMittal's 11-member Board of Directors is responsible for the overall supervision of the company. The composition of the Board of Directors reflects the principles agreed in the memorandum of understanding dated 26 June 2006.

Head office[link]

• 

  Headquarters in Luxembourg City

• 

  Headquarters in Luxembourg City

• 

  Headquarters in Luxembourg City

The head office of ArcelorMittal is in Luxembourg City, and 600 employees work there. The building was the head office of Arbed before that company merged with Aceralia and Usinor.^[9]

ArcelorMittal is also Luxembourg's largest employer. As of 1 January 2011, it had 6,070 employees in the Grand Duchy followed by the BGL BNP Paribas bank (4,110) and the Cactus retailing business (3,900).^[10]

See also[link]

• ArcelorMittal Orbit

References[link]

	Luxembourg portal
	Companies portal

External links[link]

Wikinews has related news: Arcelor declares merger with Mittal Steel

• Official website
• Collected news and commentary at The New York Times
• ArcelorMittal nominated for Public Eye Awards 2010

v t e CAC 40 companies of France Accor Air Liquide Alcatel-Lucent Alstom ArcelorMittal AXA BNP Paribas Bouygues Capgemini Carrefour Crédit Agricole EADS EDF Essilor France Télécom GDF Suez Groupe Danone L'Oréal Lafarge Legrand LVMH Michelin Pernod Ricard PSA Peugeot Citroën PPR Publicis Renault Safran Saint-Gobain Sanofi Schneider Electric Société Générale STMicroelectronics Technip Total Unibail-Rodamco Vallourec Veolia Environnement VINCI Vivendi

v t e AEX companies of the Netherlands Aegon Ahold Air France-KLM Akzo Nobel Aperam ArcelorMittal ASML Boskalis Corio DSM Fugro Heineken ING KPN Philips PostNL Randstad Reed Elsevier Royal Dutch Shell SBM Offshore TNT Express TomTom Unibail-Rodamco Unilever Wolters Kluwer

v t e LuxX Index companies of Luxembourg Aperam ArcelorMittal BIP Investment Partners Foyer KBC Group Luxempart Reinet Investments RTL Group SES Socfinaf Socfinasia

v t e IBEX 35 companies of Spain Abengoa Abertis Acciona Acerinox ACS Amadeus IT Holding ArcelorMittal Banco Popular Español Banco Sabadell Banco Santander Bankia Bankinter BBVA BME Caixabank Dia Enagás Endesa FCC Ferrovial Gamesa Gas Natural Grifols Iberdrola Inditex Indra International Airlines Group Mapfre Mediaset España Obrascón Huarte Lain Red Eléctrica Repsol YPF Sacyr Vallehermoso Técnicas Reunidas Telefónica