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-Transforming Tomorrow
Overview Mission and core values Profile The Merger Of Steel Giants Organizational structure Products and Services Steel Plant Installations Recent Developments Financial Results Corporate Responsibility
Mission and Core values Committed to its promise of
'transforming tomorrow' and the three values that underpin it - Sustainability, Quality and Leadership.
Core philosophy is to produce Safe & Sustainable Steel.
Some feathers on the cap
Worlds’ leading steel company, Operations > 60 countries & Over 281,000
employees. Ranks 28th on the Fortune 500 Global list. Industrial presence in over 20 countries
spanning four continents. Covers all of the key steel markets, from
emerging to mature. Listed on the top stock exchanges in the world.
NYSE, London SE, LuxSE, Euronext, BSE etc.,
2006- The Historic agreement
Mittal Steel and Arcelor reach an agreement to combine the two companies in a merger of equals with its headquarters at in Luxembourg City.
Announces new dividend policy, (30% of net income annually.)
93.7% of Arcelor shareholders tender their shares to Mittal Steel.
Lakshmi Mittal (owner of Mittal Steel), a non-resident Indian, is the Chairman and CEO. He is Currently the 5th richest billionaire in the world according to Forbes list.
The Big Shots Lakshmi N.Mittal (Chairman & CEO) Aditya Mittal (CFO)
Board Of Directors : Michel Wurth Gonzalo Urquijo Sudhir Maheshwari Christophe Cornier Davinder Chugh Peter Kukielski.
Products and Services
Only producer offering the full range of steel products and services & supports it with continuous investment in process and product research.
Leader in all major global markets, including automotive, construction, household. appliances and packaging.
Leads in R&D and technology, holds sizeable captive supplies of raw materials and operates extensive distribution networks.
Other Activities: Logistics, Circuit Foil, Real Estate France.
Steel Plant Installations
Corporate Office (Luxembourg City)
Hamilton (Canada)
ArcelorMittal Vega plant (Brazil)
Updates Into power generation in India. Power plants are expected to be
built in Jharkhand, Orissa and Karnataka.
9million tonne joint venture refinery at Bhatinda is scheduled to be completed in 2011.
2 huge integrated steel projects, worth $20 billion (Rs 90,000 crore), in Jharkhand and Orissa.
Financial Results(2008 &
2009) Sales ($ million)
Shipment (million tonnes)
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
2008 2009
Net Income ($ million)
0
2,000
4,000
6,000
8,000
10,000
2008 2009
0
50
100
150
2008 2009
Financial Results(Q1 2010Jan-Mar)
In 2009, had revenues of $65.1 billion and crude steel production of 73.2 million tonnes, representing approximately 6 per cent of world steel output.
Steel shipments of 21.5 million tonnes in Q1 2010, up 8% compared to Q4 2009
Average steel selling prices down 3% in Q1 2010 compared to Q4 2009
Areas of Activity: Health &Safety, Education, Emergency Aid &Social promotion.
Operates in 27 countries, supervising local programmes implemented by ArcelorMittal Units.
Invests in global in global programmes to support humanitarian initiatives.
Donated $1 million to help the relief efforts in Port-au-Prince, Haiti, following the earthquake that struck the island.
8% CO2 reduction target by 2020, which is equivalent to 170kg reduction per tonne of steel produced.
45 % of Group sites are now certified to internationally accredited Health and Safety Management System.
ArcelorMittal Foundation
Last but not least