Event emphasises strong recent progress at AM/NS
27 September 2022, 14:30 CET
ArcelorMittal, the world’s leading steel and mining company, today hosted an investor and analyst event at AM/NS India’s flagship plant at Hazira,
The event focused on the progress AM/NS
Presentations given by
- AM/NS India’s commitment to reaching levels of industry excellence in all aspects of ESG performance, with a specific focus on health and safety, diversity and inclusion and decarbonisation.
- The scope and scale of AM/NS India’s steelmaking business and its leading position in the Indian steel industry.
- The improvement achieved in AM/NS India’s financial and operational performance since acquisition, with significant growth in its steel production and Ebitda generation, and strong progress in reducing net debt and strengthening its balance sheet.
- Efforts to secure the company’s supply chain and enhance profitability through several strategic acquisitions of a range of assets including slurry pipelines, iron ore mines, ports, power plants and land.
- How AM/NS
India intends to lead the decarbonisation of the Indian steel industry by integrating renewables into its energy supply chain and exploring the use of a range of decarbonisation technologies over the next decade. - The significant market growth opportunity
India presents and AM/NS India’s strategy to play a leading role in the development of the Indian steel industry by expanding the capacity of its Hazira plant, initially to c. 15 million tonnes by early 2026 in the first phase of its expansion.
The planned expansion of the Hazira facility comes almost three years since the asset was acquired and renamed AM/NS
Hazira’s planned expansion reflects ArcelorMittal and Nippon Steel’s confidence in the long-term prospects for the Indian economy, which is forecast to grow strongly for the next two decades. Addressing the group of ArcelorMittal’s investors and analysts,
Copies of the presentations used during today’s meeting can be found on the company’s website: https://corporate.arcelormittal.com/investors/equity-investors/shareholders-events/am-ns-india-investor-visit
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of
Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future.
ArcelorMittal is listed on the stock exchanges of
For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/
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