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ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel . [ 3 ]
Ilva S.p.A. is an Italian steel company in Taranto that for much of the 20th century was Italy's largest steel producer and one of the largest in Europe. In June 2017, Arcelor Mittal became the chief shareholder. [2]
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.
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ArcelorMittal assumed the role of a managing partner in August 2019. [8] On September 28, 2020, ArcelorMittal sold its U.S. business to Cleveland-Cliffs Inc. for about $1.4 billion. [ 9 ] As of 2021 the company is managed by Cleveland-Cliffs, with ownership divided between Cleveland-Cliffs (85.3%), and U.S. Steel (14.7%).
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Under ArcelorMittal ownership production continued, as ArcelorMittal Ghent. [2] The company produces ~5million tonnes pa of flat steel, with automotive manufacturers being a major source of custom. Flat steel is produced as hot or electrolytically galvanised, and plastic coated steel.
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