With 119 million tonnes of annual production capacity and 245,000
employees across 60 countries, ArcelorMittal is the world’s leading
steel and mining company.
We are the leader in all major global steel markets, including
automotive, construction, household appliances and packaging, with
leading research and development and technology, as well as sizeable
captive supplies of raw materials and outstanding distribution networks.
With an industrial presence in more than 22 countries spanning four
continents, the company covers all of the key steel markets, from
emerging to mature.
Our core philosophy is to produce safe, sustainable steel. In doing so, our top priority is safety and our goal is to be the world’s safest steel and mining company.
As a company, we are committed to our promise of ‘transforming tomorrow’. Guiding us in this are our values of sustainability, quality and leadership.
We have steelmaking operations
in more than 20 countries on four continents, in both developing and
developed steel markets. In 2012, we had revenues of US$84.2 billion and
crude steel production of 88.2 million tonnes, which represents around
6% of world steel output.
Around 39% of our steel is produced in the Americas, 44% in Europe
and 17% in other regions, including Kazakhstan, South Africa and
Ukraine. ArcelorMittal is number one for market position and market
share in North and South America, Western Europe, Eastern Europe and
CIS, and Africa.
We are focusing our efforts for future growth on the emerging
economies, particularly Brazil and India, with joint ventures under way
in the Middle East and China.
Our mining business
is one of the pillars of ArcelorMittal’s growth strategy. In 2012 we
produced 55.9 million tonnes of iron ore and 8.2 million tonnes of coal.
Our low-cost iron ore and coal resources provide security of supply and
shelter from raw material price changes. Our mining business also
offers substantial scope for profitable expansion, and we have a
production target of 84 million tonnes of iron ore by 2015.
We currently have mining operations in 10 countries: Algeria, Bosnia
& Herzegovina, Brazil, Canada, Kazakhstan, Liberia, Mexico, Russia,
Ukraine and the US.
Research and development
We have more than 1,400 full-time researchers and 11 laboratories
worldwide. In 2012 we invested more than US$285m in research and
development. We use our researchers’ expertise in steel to develop
cleaner processes and greener products, including ultra-high-strength
steels (UHSS) and Ultra-Low CO2 Steelmaking (ULCOS), to make
steel production more sustainable and help reduce not just our own
environmental impact but that of our customers as well.
ArcelorMittal has grown through the acquisition of numerous
steelmaking and other assets, which constitute our major operating
subsidiaries. The group is managed according to region, with a product
specialisation within those regions. Every region is headed by a member
of ArcelorMittal’s Group Management board.
- ArcelorMittal Europe is headed by Aditya Mittal
- ArcelorMittal Americas reports to Lou Schorsch
- India and China activities are headed by Sudhir Maheshwari
- Africa and CIS activities report to Davinder Chugh.
ArcelorMittal, with its significant global presence, can use its size
and worldwide reach to optimise services across the company, while also
enjoying the benefits of using economies of scale. At the same time, we
have a commitment to ensuring different parts of the business are
empowered to make decisions, ensuring accountability at the right level
within the company.
Our shared services include purchasing, energy, shipping, IT, legal,
real estate and by-products sales. The shared services teams work to
make sure best practice is followed throughout the group, while also
sharing local good practices with the entire organisation.
We believe that a lean and effective organisation is essential to making sure the company is managed as efficiently as possible.
A listed company
ArcelorMittal is listed on the stock exchanges of New York (under the
trading symbol MT), Amsterdam (MT), Paris (MT), Luxembourg (MT),
Barcelona (MTS), Bilbao (MTS), Madrid (MTS) and Valencia (MTS).