ArcelorMittal facts for kids
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Former ArcelorMittal headquarters in Luxembourg, popularly known as the ARBED building
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| Traded as |
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| ISIN | ISIN: [https://isin.toolforge.org/?language=en&isin=LU1598757687 LU1598757687] |
| Industry | Steel industry |
| Predecessors |
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| Founded | 2007 |
| Headquarters | Luxembourg City, Luxembourg |
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Area served
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Worldwide |
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Key people
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Aditya Mittal (CEO) Lakshmi Mittal (executive chairperson) Karel De Gucht (Director) Etienne Schneider (Director) Patricia Barbizet (Director) |
| Products | Steel, flat steel products, long steel products, wire products, plates |
| Revenue |  US$62.44 billion (2024) |
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Operating income
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 US$3.310 billion (2024) |
| US$1.339 billion (2024) |
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| Total assets | US$89.39 billion (2024) |
| Total equity | US$51.29 billion (2024) |
| Owner | Lakshmi Mittal and his family (39.87%) |
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Number of employees
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125,416 (2024) |
| Subsidiaries | Disteel, Dillinger Hütte, Dofasco, Aperam South America, Creusot-Loire, Essar Steel, ARBED, ALZ (steelworks), Arcelor |
ArcelorMittal S.A. is a very large company that makes steel. It is based in Luxembourg City, Luxembourg. This company is one of the biggest steel makers in the world. In 2024, it was the second largest, making 58 million metric tonnes of steel.
The company has steel factories in 15 different countries. These include 37 large and small steel-making places. In 2024, most of its steel was made in Europe (53%) and the Americas (38%). The rest (9%) came from other countries like South Africa and Ukraine.
ArcelorMittal also gets many of its own raw materials. This means they mine 58% of the iron ore they need. They also produce 90% of their own coke and 54% of their scrap metal. This helps them control their production.
The company is partly owned by Lakshmi Mittal and his family. They own about 39.88% of the company. The rest of the company's shares are traded on stock markets.
ArcelorMittal mines iron ore in several countries. These include Brazil, Canada, and South Africa. The company makes a lot of steel for cars. About 15% of all steel used in cars comes from ArcelorMittal. They make over 200 different types of steel for cars. One special type, Usibor 2000, was released in 2016. It is much stronger than other steels used for cars.
Contents
A Look Back: ArcelorMittal's Story
ArcelorMittal was created in 2007. This happened when Mittal Steel Company bought another big steel company called Arcelor. The deal cost about $33 billion. After this merger, the new company made about 10% of all the steel in the world. At that time, it was the largest steel company globally.
Key Moments in ArcelorMittal's Growth
- In August 2007, the company bought Sicartsa, a plant in Mexico.
- In October 2007, they bought most of a Chinese steel wire company.
- In November 2007, they gained control of a steel mill in China. This was a first for a foreign company.
- In April 2008, ArcelorMittal and Nippon Steel invested $240 million. They wanted to make more galvanized steel.
- In December 2008, the company sold some plants. This included the Bethlehem Steel plant. They did this to get approval for their merger.
- During the Great Recession in December 2008, they closed a steel mill in Illinois. It was taken down in 2017.
- In January 2011, ArcelorMittal separated its stainless steel part. This new company became Aperam.
- In May 2012, they sold Skyline Steel and Astralloy for $605 million.
- By July 2012, they had to stop using 9 of their 25 blast furnaces in Europe. This was because there was too much steel and not enough demand.
- In October 2012, they permanently shut down two blast furnaces in France. But they reopened them later after agreeing to invest more money.
- In May 2013, they sold a part of their iron ore mining business. They sold it to Posco and China Steel for $1.1 billion.
- In February 2014, ArcelorMittal and Nippon Steel bought a steel facility in Alabama. They paid $1.55 billion for it. It was renamed AM/NS Calvert. In June 2025, Nippon Steel sold its share to ArcelorMittal. The facility is now called ArcelorMittal Calvert.
- In September 2014, ArcelorMittal and Gerdau sold Gallatin Steel for $770 million.
- In February 2016, they sold their share in Gestamp Automacion.
- In June 2016, the company launched a new type of very strong steel.
- In February 2017, ArcelorMittal and Votorantim decided to combine their steel operations in Brazil.
- In 2017, ArcelorMittal and SAIL planned a joint project. They wanted to make steel for cars.
- In March 2017, the company suggested a $6.5 billion steel project in India.
- In April 2017, they sold Georgetown Steelworks in South Carolina.
- In November 2018, ArcelorMittal bought Ilva, a large steelworks in Italy. They agreed to invest a lot of money into it. However, in February 2024, the Italian government took control of the company. This happened because of high energy prices and debts.
- In March 2019, the company, with Nippon Steel, bought Essar Steel.
- In July 2019, they sold several steelworks and service centers in Europe.
- In August 2019, ArcelorMittal took over managing Hibbing Taconite. They own most of it.
- Also in August 2019, they bought Legault Métal.
- In December 2020, the company sold ArcelorMittal USA for about $1.4 billion.
- In March 2022, they bought John Lawrie Metals, a metal recycling company.
- In May 2022, they bought 10 scrap yards in Germany.
- In July 2022, they bought 80% of a hot-briquetted iron plant in Texas.
- In December 2022, they bought Riwald Recycling.
- In March 2023, the company bought Companhia Siderúrgica do Pecém in Brazil for $2.2 billion.
- In April 2023, their joint venture with Nippon Steel bought Indian Steel Corporation.
- In December 2023, the company sold its businesses in Kazakhstan.
- In August 2024, ArcelorMittal bought a part of Vallourec. Vallourec makes seamless steel tubes.
- In 2025, the company's South Africa division stopped making long steel products. This was due to high costs.
- In July 2025, ArcelorMittal announced they would close a wire mill in Canada. This affected 153 jobs.
Companies That Joined ArcelorMittal
ArcelorMittal was formed from two main companies: Mittal Steel Company and Arcelor. Many other companies joined them over time.
Companies Acquired by Mittal Steel Company
- International Steel Group (bought in 2004)
- Bethlehem Steel – United States (bought in 2003)
- Ispat International (later Mittal Steel Company) (bought in 2004)
- ArcelorMittal Kryvyi Rih – Ukraine (bought in 2005)
Companies Acquired by Arcelor
- Aceralia – Spain (merged in 2001)
- Usinor – France (merged in 2001)
- ARBED – Luxembourg (merged in 2001)
- Acindar – Argentina (bought in 2006)
- Dofasco – Canada (bought in March 2006)
Where ArcelorMittal Makes Steel
ArcelorMittal has many places where it makes steel around the world.
Places Operated by ArcelorMittal
- ArcelorMittal Ghent – in Belgium
- ArcelorMittal Kryvyi Rih in Ukraine
- Plants in France, including Dunkerque and Florange
- Plants in Germany, including Bremen and Duisburg
- ArcelorMittal Mexico – a plant in Lázaro Cárdenas, Michoacán, Mexico
- Katowice Steelworks and others in Poland
- Steel works in Romania, like Hunedoara steel works
- ArcelorMittal Spain, with plants in Avilés and Gijón
- Plants in Luxembourg, including Belval
- Dofasco – in Hamilton, Ontario, Canada
- Acindar – in Villa Constitución, Argentina
- Hibbing Taconite – in Hibbing, United States
- Vanderbijlpark, South Africa
- ArcelorMittal Aços Longos – in Brazil
Joint Ventures (Working with Other Companies)
- Essar Steel (AM/NS India) – in Hazira (with Nippon Steel)
- Annaba steel complex – in Annaba, Algeria (with Sidar)
- Ouenza and Boukhadra mines – in Algeria (with Sidar)
- AM/NS Calvert – in Calvert, United States (with Nippon Steel)
See also
In Spanish: ArcelorMittal para niños
