|Last Price||13.06||Max Price||24.73|
|Min Price||11.44||1 Year return||-45.03|
|Avg. Target||19.20||Expected Return||47.01 %|
|Sector||Basic Materials||Subsector||Industrial Metals|
|Annual report 2017|
Arcelor Mittal is the world's number one steel company, with 330,000 employees in more than 60 countries. The company, which will be incorporated in 2007 following the successful tender offer, brings together the world's leading steel companies, Mittal Steel and Arcelor. Arcelor Mittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks.
This is a steel manufacturing company in Luxembourg that was founded in 2006 immediately after India's multinational steel maker which was known as Mittal Steel acquired Western European steel maker called Arcelor. The cost of this acquisition was approximately $33 billion. The takeover by Mittal Steel dissolved a previous merger that had been established between Severstal and Arcelor so as to form what is currently referred to as ArcelorMittal. The acquisition came at a time when the unity between Arcelor and Seversatl was already having trouble due to less approval from shareholders.
ArcelorMittal has undergone several market transitions which has seen it being categorized as the best steel producer all over the world, its annual crude steel creation was listed at 98.2 million tons in 2014.During the Fortune Global 500 ranking of 2017, it was placed at position 123 of the all the largest corporations in the world.
The first annual profit in 5 years was announced in February 2017, also in the same month a plan to integrate long steel operation in Brazil was announced by ArcelorMittal and Votorantim, this happened shortly before ArcelorMittal was allowed to acquire Ilva for €1.8 billion. The earnings made by ArcelorMittal increased by about 19.3% in July 2017.