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ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. It is ranked second on the list of steel producers behind Baowu , and had an annual crude steel production of 78 million metric tonnes in 2023. [ 1 ]
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004.
ArcelorMittal (NYS: MT) carries $14.1 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
ArcelorMittal Bremen is a steelworks on the banks of the River Weser in Bremen, Germany. An ironworks was established on the site in 1911 as Norddeutsche Hütte - much of the works was destroyed or dismantled during and immediately after the end of the Second World War .
Germany is a founding member of the European Union and the eurozone. [27] [28] In 2016, Germany recorded the highest trade surplus in the world, worth $310 billion. [29] This economic result made it the biggest capital exporter globally. [30] Germany is one of the largest exporters globally with $1.81 trillion worth of goods and services ...
In August 2006, it acquired Arcelor to form ArcelorMittal. The company was named Ispat International N.V. until a merger with LNM Holdings N.V. in 2004. [1] As of 2006, the company was 44.79% owned by Lakshmi Mittal and his family and 54.74% of the company was publicly traded. [1]
EKO Stahl is a steelworks in Eisenhüttenstadt, Brandenburg, Germany. It was established by the East German government in the early 1950s on a greenfield site, initially producing only pig iron . The name was changed in 1961 from Eisenhuttenkombinat 'J.W. Stalin' to Eisenhüttenkombinat Ost ( EKO ).