ArcelorMittal

ArcelorMittal S.A.
Company typeSociété Anonyme
Euronext AmsterdamMT
NYSEMT
CAC 40 component
AEX component
ISINLU1598757687
IndustrySteel
PredecessorsArcelor
Mittal Steel Company
Founded2006; 18 years ago (2006)
Headquarters24-26, Boulevard d’Avranches, Luxembourg City, Luxembourg
Area served
Worldwide
Key people
Aditya Mittal
(CEO)
Lakshmi Mittal
(executive chairperson)[1]
ProductsSteel, flat steel products, long steel products, wire products, plates
Revenue Decrease US$68.275 billion (2023)[2]
Decrease US$2.340 billion (2023)[2]
Decrease US$919 million (2023)[2]
Total assetsDecrease US$93.917 billion (2023)[2]
Total equityDecrease US$56.068 billion (2023)[2]
OwnerLakshmi Mittal (37.4%)[3]
Number of employees
Decrease 126,756 (2023)[4]
SubsidiariesDisteel, Dillinger Hütte, Dofasco, Aperam South America, Creusot-Loire, ARBED, ALZ (steelworks), Arcelor
Websitecorporate.arcelormittal.com

ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel.[3] ArcelorMittal is the second largest steel producer in the world, with an annual crude steel production of 78 million metric tonnes as of 2022.[5] It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations. It employs around 154,000 people[6] and its market capital is $20 billion.[7] The total value of company assets is estimated to be around $94 billion.

  1. ^ Dutt, Ishita Ayan (11 February 2021). "Aditya Mittal appointed ArcelorMittal CEO; father to be executive chairman". Business Standard India.
  2. ^ a b c d e "ArcelorMittal Consolidated Profit & Loss account, ArcelorMittal Financial Statement & Accounts" (PDF). ArcelorMittal. Retrieved 19 January 2024.
  3. ^ a b "World's Biggest Steelmaker Raising $3 Billion As Profits Plunge". Fortune. 5 February 2016. Retrieved 15 May 2019.
  4. ^ "ArcelorMittal -Annual Report 2023" (PDF).
  5. ^ "Annual Report 2018 on Form 20-F ArcelorMittal". ArcelorMittal.
  6. ^ "About". ArcelorMittal.
  7. ^ "91. ArcelorMittal", GLOBAL 500 - Our annual ranking of the world's largest corporations, CNN