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ArcelorMittal S.A.
Company typeSociété Anonyme
CAC 40 component
AEX component
Mittal Steel Company
Founded2006; 18 years ago (2006)
Headquarters24-26, Boulevard d’Avranches, Luxembourg City, Luxembourg
Area served
Key people
Aditya Mittal
Lakshmi Mittal
(executive chairman)[1]
ProductsSteel, flat steel products, long steel products, wire products, plates
RevenueDecrease US$53.27 billion (2020)[2]
Increase US$2.110 billion (2020) [3]
Increase US$−733 million (2020)[4]
Total assetsDecrease US$82.052 billion (2020)[5]
Total equityDecrease US$40.24 billion (2020)[6]
OwnerLakshmi Mittal (37.4%)[7]
Number of employees
Decrease 168,000 (2020)[8]
SubsidiariesDisteel, Dillinger Hütte, Dofasco, Aperam South America, Creusot-Loire, ARBED, ALZ (steelworks), Arcelor

ArcelorMittal is an Indian-Luxembourgish multinational corporation with its headquarters in Luxembourg City. It was formed in 2006 when Arcelor was taken over by Mittal Steel.[9] It produces more steel than any other company in the world, with a yearly steel production of 97 million metric tonnes. In 2009, it was ranked at 120th in the Fortune Global 500 of the world's largest corporations.[10]

References[change | change source]

  1. Dutt, Ishita Ayan (11 February 2021). "Aditya Mittal appointed ArcelorMittal CEO; father to be executive chairman". Business Standard India.
  2. "Global steel market: ArcelorMittal's revenue 2020".
  3. "ArcelorMittal Operating Income 2006-2021 | MT".
  4. "ArcelorMittal Net Income 2006-2021 | MT".
  5. "ArcelorMittal Total Assets 2006-2021 | MT".
  6. "ArcelorMittal ROE 2006-2021 | MT".
  7. "World's Biggest Steelmaker Raising $3 Billion As Profits Plunge". Fortune. 5 February 2016. Retrieved 15 May 2019.
  8. "ArcelorMittal - global number of employees 2020".
  9. "World's Biggest Steelmaker Raising $3 Billion As Profits Plunge".
  10. "91. ArcelorMittal", GLOBAL 500 - Our annual ranking of the world's largest corporations, CNN, archived from the original on 2020-01-02, retrieved 2022-01-31