ArcelorMittal - Simple English Wikipedia, the free encyclopedia

ArcelorMittal S.A.

Former ArcelorMittal headquarters in Luxembourg, popularly known as the ARBED building
Company type	Société Anonyme
Traded as	Euronext: MT NYSE: MT BMAD: MTS LuxSE: MT CAC 40 component AEX component
Industry	Steel
Predecessors	Arcelor Mittal Steel Company
Founded	2006; 18 years ago (2006)
Headquarters	24-26, Boulevard d’Avranches, Luxembourg City, Luxembourg
Area served	Worldwide
Key people	Aditya Mittal (CEO) Lakshmi Mittal (executive chairman)[1]
Products	Steel, flat steel products, long steel products, wire products, plates
Revenue	US$53.27 billion (2020)[2]
Operating income	US$2.110 billion (2020) [3]
Net income	US$−733 million (2020)[4]
Total assets	US$82.052 billion (2020)[5]
Total equity	US$40.24 billion (2020)[6]
Owner	Lakshmi Mittal (37.4%)[7]
Number of employees	168,000 (2020)[8]
Subsidiaries	Disteel, Dillinger Hütte, Dofasco, Aperam South America, Creusot-Loire, ARBED, ALZ (steelworks), Arcelor
Website	corporate.arcelormittal.com

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]

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