ArcelorMittal

# ArcelorMittal S.A. ## Overview **ArcelorMittal S.A.** is a multinational steel manufacturing corporation based in Luxembourg City, Luxembourg. It was established in 2006 through the merger of Arcelor with Mittal Steel, an Indian-owned company. ## Key Figures - **CEO**: Aditya Mittal - **Executive Chairperson**: Lakshmi Mittal - **Revenue (2023)**: USD 68.275 billion - **Operating Income (2023)**: USD 2.340 billion - **Net Income (2023)**: USD 919 million - **Total Assets (2023)**: USD 93.917 billion - **Total Equity (2023)**: USD 56.068 billion - **Employees (2022)**: 154,000 ## Market Presence ArcelorMittal is the world's second-largest steel producer, with an annual crude steel production of 78 million metric tonnes as of 2022. It ranks 197th in the 2022 Fortune Global 500 and has a market capitalization of USD 20 billion. ## History The company's origins can be traced back to 1976. The merger in 2006 created a giant in the steel industry, producing approximately 10% of the world's steel. By 2008, ArcelorMittal had 320,000 employees across 60 countries. ## Recent Developments In recent years, ArcelorMittal has focused on innovation and sustainability. They have launched technologies to reduce the carbon footprint of steel and developed new construction solutions, including 3D printing automotive parts using steel powders and adopting AI and advanced automation across operations. ## Products and Services ArcelorMittal's product portfolio includes flat steel products like sheets and plates, long steel products such as bars, rods, and structural shapes, and a variety of wire products. ## Subsidiaries The company has several subsidiaries, including Disteel, Dillinger Hütte, Dofasco, Aperam South America, Creusot-Loire, ARBED, and ALZ (steelworks). ## Corporate Responsibility As a leading steel and mining company, ArcelorMittal plays a critical role in the circular economy of the future, with steel being a completely reusable and recyclable material. The company aims to produce cleaner, stronger, and reusable steels for various applications, including electric vehicles and renewable energy infrastructure.