arcelormittal
Multinational steel major ArcelorMittal posted a decline in net income for the first quarter of 2024 on Thursday. Net income attributable to equity holders of the parent fell to $938 million, down from last year's $1.1 billion, the company said. Basic earnings per share were $1.16, down from $1.28 a year ago. Operating income declined to $1.07 billion from last year's $1.19 billion. Earnings before interest, tax, depreciation and amortization (EBITDA) was also down to $1.96 billion from $2.14 billion in the prior year. Sales for the quarter declined to $16.28 billion from last year's $18.50 bi...
DPA
Multinational steel major ArcelorMittal posted a decline in net income for the first quarter of 2024 on Thursday. Net income attributable to equity holders of the parent fell to $938 million, down from last year's $1.1 billion, the company said. Basic earnings per share were $1.16, down from $1.28 a year ago. Operating income declined to $1.07 billion from last year's $1.19 billion. Earnings before interest, tax, depreciation and amortization (EBITDA) was also down to $1.96 billion from $2.14 billion in the prior year. Sales for the quarter declined to $16.28 billion from last year's $18.50 bi...
DPA International
Multinational steel major ArcelorMittal posted a decline in net income for the first quarter of 2024 on Thursday. Net income attributable to equity holders of the parent fell to $938 million, down from last year's $1.1 billion, the company said. Basic earnings per share were $1.16, down from $1.28 a year ago. Operating income declined to $1.07 billion from last year's $1.19 billion. Earnings before interest, tax, depreciation and amortization (EBITDA) was also down to $1.96 billion from $2.14 billion in the prior year. Sales for the quarter declined to $16.28 billion from last year's $18.50 bi...
DPA Breaking News
Bundeswirtschaftsminister Robert Habeck hat am Montag die lang erhoffte Förderzusage für den Umbau des Bremer Stahlwerks verkündet. Der Bund unterstütze die Umstellung auf klimaneutral produzierten Stahl an den Standorten von ArcelorMittal in Bremen und Eisenhüttenstadt. «Es ist alles geklärt», sagte der Grünen-Politiker bei einer Betriebsversammlung des Konzerns in Bremen. Noch fehle mit der Notifizierung der letzte Schritt aus Brüssel, doch die Belegschaft könne sich auf die Förderung verlassen. Bremen wartete mehr als zwei Jahre lang auf den Bescheid. Zuvor hatte die EU-Kommission schon ein...
DPA (German)
By Sk Badiruddin
BOOM Live
By BOOM FACT Check Team
BOOM Live
Today, CFO Aditya Mittal of ArcelorMittal, the world’s largest steel company, pledged to achieve carbon neutrality company-wide by 2050. This pledge from Mr. Mittal comes after two years of Mighty Earth’s campaign to push the global steel industry toward carbon neutrality commitments.Q2 2020 hedge fund letters, conferences and moreArcelorMittal's Pledge To Achieve Carbon NeutralityMargaret Hansbrough, Mighty Earth campaign director, had this to say in reaction:“As the largest steel company in the world, ArcelorMittal is responsible for close to one percent of all climate pollution. We welcome ...
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