Statement regarding adoption of new Italian decree law
September 04 2019 - 1:30PM
4 September 2019, 19:30 CET
ArcelorMittal notes the publication today on the Italian
Official Journal of a decree law adopted by the Italian
Government. This decree law amends the so-called Crescita decree
law which had removed legal protection pending the implementation
of the environmental plan for the Taranto plant. Following its
publication, the decree law comes into immediate force, although
its permanence is subject to ratification by the Italian Parliament
within 60 days. As a result of this development, ArcelorMittal
Italia will continue operations beyond 6 September whilst
continuing to monitor legal, regulatory and operational
developments in relation to the Taranto plant closely in view of
its continued viability.
ENDSAbout
ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and an industrial
footprint in 18 countries. Guided by a philosophy to produce safe,
sustainable steel, we are the leading supplier of quality steel in
the major global steel markets including automotive, construction,
household appliances and packaging, with world-class research and
development and outstanding distribution networks.
Through our core values of sustainability,
quality and leadership, we operate responsibly with respect to the
health, safety and wellbeing of our employees, contractors and the
communities in which we operate.
For us, steel is the fabric of life, as it is at
the heart of the modern world from railways to cars and washing
machines. We are actively researching and producing steel-based
technologies and solutions that make many of the products and
components people use in their everyday lives more energy
efficient.
We are one of the world’s five largest producers
of iron ore and metallurgical coal. With a geographically
diversified portfolio of iron ore and coal assets, we are
strategically positioned to serve our network of steel plants and
the external global market. While our steel operations are
important customers, our supply to the external market is
increasing as we grow.
In 2018, ArcelorMittal had revenues of $76.0
billion and crude steel production of 92.5 million metric tonnes,
while own iron ore production reached 58.5 million metric
tonnes.
ArcelorMittal is listed on the stock exchanges
of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and
on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS). For more information about ArcelorMittal please
visit:
http://corporate.arcelormittal.com/
|
|
Contact information ArcelorMittal Investor
Relations |
|
|
|
Europe |
+44 20 7543 1156 |
Americas |
+1 312 899 3985 |
Retail |
+44 20 7543 1156 |
SRI |
+44 207543 1156 |
Bonds/Credit |
+33 171 921 026 |
|
|
|
|
Contact information ArcelorMittal Corporate
Communications |
|
E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
|
|
|
|
ArcelorMittal Corporate Communications |
|
|
|
Paul Weigh |
+44 20 3214 2419 |
|
|
Arcelor Mittal (NYSE:MT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Arcelor Mittal (NYSE:MT)
Historical Stock Chart
From Sep 2023 to Sep 2024