We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 20 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature.
Our core philosophy is to produce safe, sustainable steel. In doing so, our top priority is safety and our goal is to be the world’s safest steel and mining company.
As a company, we are committed to our promise of ‘transforming tomorrow’. Guiding us in this are our values of sustainability, quality and leadership.
We have steelmaking operations in 20 countries on four continents, in both developing and developed steel markets. In 2011, we had revenues of US$94bn and crude steel production of 91.9 million tonnes, which represents around 6% of world steel output.
Around 35% of our steel is produced in the Americas, 47% in Europe and 18% in other regions, including Kazakhstan, South Africa and Ukraine. ArcelorMittal is number one for market position and market share in North and South America, Western Europe, Eastern Europe and CIS, and Africa.
We are focusing our efforts for future growth on the emerging economies, particularly Brazil and India, with joint ventures under way in the Middle East and China.
Our mining business is one of the pillars of ArcelorMittal’s growth strategy. In 2011 we produced 54.1 million tonnes of iron ore, 8.3 million tonnes of coking coal. Our low-cost iron ore and coal resources provide security of supply and shelter from raw material price changes. Our mining business also offers substantial scope for profitable expansion, and we have a production target of 100 million tonnes of iron ore by 2015.
We currently have mining operations in 10 countries: Algeria, Bosnia & Herzegovina, Brazil, Canada, Kazakhstan, Liberia, Mexico, Russia, Ukraine and the US. Projects are being developed in: Australia, Mauritania, Mozambique, Senegal and South Africa.
Research and development
We have more than 1,400 full-time researchers and 11 laboratories worldwide. In 2010 we invested more than US$320m in research and development. We use our researchers’ expertise in steel to develop cleaner processes and greener products, including ultra-high-strength steels (UHSS) and Ultra-Low CO2 Steelmaking (ULCOS), to make steel production more sustainable and help reduce not just our own environmental impact but that of our customers as well.
ArcelorMittal has grown through the acquisition of numerous steelmaking and other assets, which constitute our major operating subsidiaries. The group is divided into six operating segments: Flat Carbon Americas, Flat Carbon Europe, Long Carbon Americas and Europe, AACIS (Asia, Africa, Commonwealth of Independent States), Mining and Distribution Solutions (ArcelorMittal Construction is situated in Distribution Solutions structure). All operating subsidiaries belong to one of these segments.
ArcelorMittal, with its significant global presence, can use its size and worldwide reach to optimise services across the company, while also enjoying the benefits of using economies of scale. At the same time, we have a commitment to ensuring different parts of the business are empowered to make decisions, ensuring accountability at the right level within the company.
Our shared services include purchasing, energy, shipping, IT, legal, real estate and by-products sales. The shared services teams work to make sure best practice is followed throughout the group, while also sharing local good practices with the entire organisation.
We believe that a lean and effective organisation is essential to making sure the company is managed as efficiently as possible.
A listed company
ArcelorMittal is listed on the stock exchanges of New York (under the trading symbol MT), Amsterdam (MT), Paris (MT), Luxembourg (MT), Barcelona (MTS), Bilbao (MTS), Madrid (MTS) and Valencia (MTS).