ArcelorMittal (, , , ) is the largest steel company in the world, with 310,000 employees in more than 60 countries.^[1][2] It has led the consolidation of the world steel industry and today ranks as the only truly global steelmaker. The company was founded in 2006 when Arcelor and Mittal Steel merged. It ranked 39th on the Fortune Global 500 list.^[3] The company is headquartered in Luxembourg City, in southern Luxembourg, the former seat of Arcelor.^[4]

Business

ArcelorMittal is a market leader in automotive, construction, household appliances and packaging. It holds sizeable captive supplies of raw materials and operates extensive distribution networks.

Its industrial presence in Europe, Asia, Africa and America gives the Group exposure to all the key steel markets, from emerging to mature. ArcelorMittal will be looking to develop positions in the high-growth Chinese and Indian markets.

ArcelorMittal key financials for 2007 show revenues of US$105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of world steel output.

ArcelorMittal is listed on the stock exchanges of New York, Amsterdam, Paris, Brussels, Luxembourg and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia.^[5]

As of May 17, 2008, the market capitalisation of ArcelorMittal was $144.37 billion.^[6]

Organizational structure

Lakshmi Mittal (owner of Mittal Steel), a non-resident Indian, is the Chairman and CEO.

The composition of ArcelorMittal's Group Management Board is as follows: Lakshmi N. Mittal (Chairman and CEO), Aditya Mittal (CFO), Michel Wurth, Gonzalo Urquijo, Sudhir Maheshwari, Christophe Cornier, Davinder Chugh.

ArcelorMittal's 11-member Board of Directors is responsible for the overall supervision of the company. The composition of the Board of Directors reflects the principles agreed upon in the memorandum of understanding dated June 25, 2006.

Images

<gallery> Image:Luxemburg ArcelorMittal 1.JPG|Headquarters in Luxembourg City Image:Luxemburg ArcelorMittal 2.JPG|Headquarters in Luxembourg City Image:Luxemburg ArcelorMittal 6.JPG|Headquarters in Luxembourg City </gallery>

References

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External links

• ArcelorMittal ? Official website
• ArcelorMittal Web TV ? Official WebTV/blog
• http://www.littlebrown.co.uk/Title/9780316027991 ? Cold Steel: The Multi-Billion-Dollar Battle for a Global Empire
• Questions for the ArcelorMittal Deal
• Lakshmi Nivas Mittal (Man of Steel) - MSNBC
• Google Finance: ArcelorMittal
• ArcelorMittal Eisenhüttenstadt (Germany)

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