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  • ArcelorMittal's Q4 sales down 3.1% to $14.7 billion
    ArcelorMittal SA reported a decline in sales for the fourth quarter of 2024, with sales totaling $14.7 billion, marking a 3.1% drop from the same period last year.The steel giant's operating income plummeted 20.2% year over year to $529 million, while it posted a net loss of $390 million, a sharp...
  • ArcelorMittal's sales in Q3 at $15.2 billion
    ArcelorMittal SA announced on Thursday that its sales in the third trimester of fiscal 2024 amounted to $15.2 billion, sliding 8.4% compared to the same period a year ago.In the reported quarter, on an annual basis, net income attributable to equity holders stood at $287 million, nosediving 69%, while...
  • ArcelorMittal posts EPS of $0.63 in Q2
    ArcelorMittal SA said on Thursday that its basic earnings per share (EPS) stood at $0.63 in the second quarter of fiscal 2024, sinking 128% compared to the same period in 2023.The steel and iron manufacturing corporation's sales fell from $18.6 billion in the same period last year to $16.2 billion in the...
  • ArcelorMittal posts EPS of $1.16 in Q1, down 9.4%
    ArcelorMittal SA said on Thursday that its basic earnings per share (EPS) stood at $1.16 in the first quarter of 2024, down 9.4% compared to the same period in 2023. The steel and iron manufacturing corporation's sales fell from $18.5 billion in the same period last year to $16.3 billion in the quarter...
  • EU okays €1.3B grant to aid ArcelorMittal projects in Germany
    The European Commission on Friday approved €1.3 billion in state aid to support ArcelorMittal S.A.'s decarbonization steel production projects in Germany under the Recovery and Resilience Facility framework. "This €1.3 billion German measure enables ArcelorMittal to decarbonize its steel...
  • ArcelorMittal posts EPS of $1.18 in Q4
    ArcelorMittal SA said on Thursday that its basic earnings per share (EPS) stood at $1.18 in the fourth quarter of its fiscal year of 2023, lower than the EPS in the previous year which stood at $1.37. The steel and iron manufacturing corporation's sales fell from $16.6 billion in the final trimester of...
  • ArcelorMittal to reportedly get €1.2B in subsidies in Germany
    Luxembourg-based steel manufacturer ArcelorMittal SA will reportedly receive up to €1.2 billion in subsidies in Germany, Handelsblatt reported on Thursday citing sources. The expected announcement regarding the approval of subsidies by the German government is anticipated to take place in...
  • ArcelorMittal posts EPS of $1.11 in Q3
    ArcelorMittal SA said on Thursday that its basic earnings per share (EPS) stood at $1.11 in the third quarter of 2023, unchanged compared to the same period in 2022. The steel and iron manufacturing corporation's sales fell from $19 billion last year to $16.6 billion in the quarter to September this...
  • Death toll in Kazakhstan coal mine climbs to 32
    At least 32 people died in the Kostenko coal mine fire in Kazakhstan on Saturday, the country's Ministry for Emergency Situations said. The search for 14 other miners is continuing, the authorities said. According to the Kazakh presidential office, 252 people were believed to have been inside the coal...
  • ArcelorMittal posts EPS of $2.21 in Q2
    ArcelorMittal SA said on Thursday that its basic earnings per share (EPS) stood at $2.21 in the second quarter of 2023, plummeting 48% compared to the same period in 2021. The steel and iron manufacturing corporation's sales fell from $22.1 billion last year to $18.6 billion in the quarter to June...
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