ArcelorMittal S.A. (MT): history, ownership, mission, how it works & makes money

ArcelorMittal S.A. (MT): history, ownership, mission, how it works & makes money

LU | Basic Materials | Steel | NYSE

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A Brief History of ArcelorMittal S.A. (MT)

Corporate Overview

ArcelorMittal S.A. is a multinational steel manufacturing corporation headquartered in Luxembourg. As of 2024, the company operates in 60 countries with approximately 168,000 employees.

Financial Metric 2023 Value
Revenue $68.3 billion
Net Income $4.9 billion
Market Capitalization $27.6 billion
Total Assets $79.4 billion

Global Production Capacity

ArcelorMittal's global steel production capacity reaches approximately 80 million metric tons annually.

  • Primary Steel Production Regions:
    • Europe: 22 million metric tons
    • Americas: 26 million metric tons
    • ACIS (Africa, Commonwealth of Independent States): 18 million metric tons
    • Asia: 14 million metric tons

Operational Segments

Segment Revenue Contribution
Flat Steel 42%
Long Steel 25%
Mining 18%
Other Operations 15%

Environmental Commitments

ArcelorMittal has committed to reducing CO2 emissions by 35% by 2030, with a target of net-zero emissions by 2050.

  • Current CO2 Emissions: 188 million metric tons annually
  • Projected Emissions Reduction Target: 65 million metric tons


Who Owns ArcelorMittal S.A. (MT)

Major Shareholders

As of 2024, ArcelorMittal S.A. ownership is structured as follows:

Shareholder Ownership Percentage
Lakshmi Mittal and Family 37.85%
Institutional Investors 52.63%
Retail Investors 9.52%

Key Institutional Shareholders

  • BlackRock Inc.: 5.22%
  • Capital Research Global Investors: 4.78%
  • Vanguard Group Inc.: 3.91%
  • State Street Corporation: 3.45%

Stock Exchange Listings

ArcelorMittal is listed on multiple stock exchanges:

  • New York Stock Exchange (NYSE): Ticker MT
  • Euronext Amsterdam: Ticker MT
  • Luxembourg Stock Exchange: Ticker MT

Ownership Structure Details

Lakshmi Mittal, the founder and executive chairman, remains the largest individual shareholder through direct and indirect holdings.



ArcelorMittal S.A. (MT) Mission Statement

Company Overview

ArcelorMittal S.A. (MT) is a multinational steel manufacturing corporation headquartered in Luxembourg. As of 2024, the company operates in 60 countries with 169,000 employees.

Financial Performance

Financial Metric 2023 Value
Revenue $68.3 billion
Net Income $4.9 billion
Steel Production 67.7 million metric tons

Mission Statement Components

  • Sustainability Leadership: Reduce carbon emissions by 25% by 2030
  • Innovation Focus: Invest $1.2 billion in research and development annually
  • Global Manufacturing: Maintain presence in 60 countries
  • Technological Advancement: Develop low-carbon steel production technologies

Strategic Objectives

ArcelorMittal aims to be the world's most sustainable steel producer, targeting net-zero emissions by 2050.

Production Capabilities

Region Steel Production (Million Metric Tons)
Europe 23.4
Americas 22.1
ACIS Region 15.6
Africa 6.6


How ArcelorMittal S.A. (MT) Works

Company Overview

ArcelorMittal S.A. is the world's largest steel manufacturing company, headquartered in Luxembourg. As of 2024, the company operates in 60 countries with a workforce of 168,000 employees.

Financial Performance

Financial Metric 2023 Value
Revenue $68.3 billion
Net Income $4.9 billion
EBITDA $10.2 billion
Total Assets $80.1 billion

Global Steel Production

Annual steel production capacity: 80 million metric tons

Key Manufacturing Regions

  • Europe: 35% of production
  • Americas: 28% of production
  • ACIS (Africa, Commonwealth of Independent States): 22% of production
  • Asia: 15% of production

Production Facilities

Region Number of Steel Plants
Europe 22
Americas 15
ACIS 12
Asia 8

Research and Development

Annual R&D investment: $420 million

Sustainability Metrics

  • CO2 emissions reduction target: 25% by 2030
  • Renewable energy usage: 18% of total energy consumption
  • Recycled steel production: 35% of total steel output

Market Capitalization

As of January 2024: $27.6 billion

Stock Performance

Stock Metric Value
NYSE Ticker MT
Current Stock Price $31.45
52-Week High $37.12
52-Week Low $24.75


How ArcelorMittal S.A. (MT) Makes Money

Revenue Streams

ArcelorMittal generates revenue through steel production and mining operations across multiple global markets.

Business Segment 2022 Revenue Percentage of Total Revenue
Steel Segment $68.3 billion 76.4%
Mining Segment $14.2 billion 15.9%
Other Segments $6.5 billion 7.7%

Geographic Revenue Distribution

Region 2022 Revenue
Europe $27.6 billion
NAFTA $22.1 billion
Brazil $9.8 billion
Other Regions $30.0 billion

Product Portfolio

  • Flat Steel Products
  • Long Steel Products
  • Iron Ore
  • Metallurgical Coal
  • Automotive Steel
  • Construction Steel

Financial Performance

ArcelorMittal reported the following key financial metrics for 2022:

  • Total Revenue: $89.3 billion
  • Net Income: $6.1 billion
  • EBITDA: $12.7 billion
  • Steel Production: 69.7 million tons
  • Iron Ore Production: 54.2 million tons

Key Revenue Drivers

Revenue Driver 2022 Contribution
Automotive Steel $24.5 billion
Construction Steel $22.1 billion
Flat Steel Products $18.7 billion
Long Steel Products $15.2 billion

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