ArcelorMittal is the world’s leading integrated steel and mining company with a presence in more than 60 countries.
We aim to produce safe, sustainable steel, and these guiding principles play a critical role in all our operations, from extracting iron ore to shipping the finished product.
Our business strategy is three-dimensional, focusing on product diversity, geographic reach and diversification – both upstream in the production of iron ore and coal and downstream in steel distribution.
With our steel and mining operations spread across the world, our diversified global business model is one of our key strengths. Having an industrial presence in more than 20 countries exposes the company to all the key steel markets, both emerging and mature. In 2010, around 36% of our steel was produced in the Americas, 48% in Europe and 16% in CIS, Central Asia and Africa.
Product diversity is also important to us: 34% of our steel is finished products, 28% speciality products, 27% value-added and 11% semi-finished.
As the world’s fourth largest iron ore mining company and a significant producer of metallurgical coal, our mining business is an important part of our strategy and future growth. Mining is one of the pillars of growth for ArcelorMittal, and we have a target of increasing iron ore production to 84 million tonnes by 2015.
Our mining business provides the ArcelorMittal group with a natural hedge to raw material price volatility, while creating value in an industrial segment that complements our steel business.
Since 1 January 2011, ArcelorMittal has reported the results of mining operations separately from the steel business, as a distinct operating segment.
Despite macro-economic uncertainty, we remain committed to growth. As the industry evolves, we cannot afford to stand still. We are investing in our assets and reducing costs to further improve our competitive position.
In 2012, ArcelorMittal had revenues of US$84.2bn and crude steel production of 88.2 million tonnes, representing approximately 6% of world steel output. For more detailed financial information, read our annual report.
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).