Arcelor Mittal SA (NYSE:MT), the global steelmaker, said Friday it cannot safely and sustainably restart its Kryvyi Rih operations in Ukraine after four missile strikes over five weeks. The company expects to record a non-cash impairment charge of approximately $1 billion, mainly reflecting damage to property, plant and equipment at the Ukrainian operation.
MT's 69% YTD rally reflects stronger EBITDA, cash flow and shareholder returns, plus EAF, NOES and Liberia growth projects.
MT expands steel capacity and boosts shareholder returns, but China's weak demand and elevated capex pressure cash flow.
| Metals & Mining Industry | Materials Sector | Aditya Mittal CEO | XFRA Exchange | 03938L203 CUSIP |
| LU Country | 125,554 Employees | 2 Dec 2026 Last Dividend | 22 May 2017 Last Split | 8 Aug 1997 IPO Date |
ArcelorMittal S.A. and its subsidiaries form a leading group in the integrated steel and mining sector, with operations spanning across the United States, Europe, and other international locales. Founded in 1976 and based in Luxembourg City, Luxembourg, the company stands as a major player in the steel production industry, providing materials essential for a wide range of industries, from automotive to construction. Beyond its steel production, ArcelorMittal is actively engaged in mining, boasting iron ore and coal mining ventures in countries such as Brazil, Bosnia, Canada, Liberia, Mexico, South Africa, and Ukraine. The company's strategy involves selling its products to a diversified customer base across different sectors, including automotive, appliance, engineering, construction, energy, and machinery industries, utilizing a centralized marketing organization alongside distributors.