Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
ArcelorMittal history
ArcelorMittal company history timeline
At the end of 2002 Iscor acquired full control of the Saldanha Steel Mill.
In December 2004 Ispat International NV acquired LNM Holdings NV, the parent company of Ispat Iscor.
After the acquisition, the merged company’s name was changed to Mittal Steel Company NV. Ispat Iscor Limited commenced trading under the new name Mittal Steel South Africa Limited in March 2005.
2005: Purchase of small stake in Hunan Valin, China.
2005 bid for the Erdemir Group was won by OYAK, the Turkish army pension fund.
In 2007 the newly merged ArcelorMittal continued to pursue an expansive growth strategy, with 35 transactions announced worldwide.
Post 2008 global economic crisis, they had to come up with a new strategy for stabilizing the company’s position in the international market and for growth.
But in light of the deteriorating economic situation during 2008, ArcelorMittal suspended most investment activity by the end of the year.
ArcelorMittal responds to the downturn in the global steel industry with production cuts, targeted cost savings and a US$10 billion net debt reduction by the end of 2009
Capital expenditure on mining doubled in 2011 to almost US$1.3 billion, as the group embarked on a major development programme aimed at expanding existing mines and developing new ones.
2011: ArcelorMittal wins control of Baffinland iron ore mine, Canada.
ArcelorMittal is a confirmed supporter of the London 2012 Olympic and Paralympic Games and principal funder of the landmark tower sculpture, the ArcelorMittal Orbit, in Olympic Park
2012: 15% stake sold in Canada Mines for $1.1 billion.
2013: Sells 6.66% equity stake in Turkey's Erdemir Group for $267m.
2013: Opens new auto stampings production plant in Senica, Slovakia.
2013: Rumoured interest in purchase of TKS Alabama Calvert mill.
In June 2014, it also had to pay the Government of Senegal $150 million for reneging on a contract to develop an iron ore deposit.
2014: With Gerdau, sells stake in US-based Gallatin to Nucor Corp.
Both the LaPlace and the Vinton facilities were sold in March 2016 to an affiliate of Black Diamond Capital Management (‘Black Diamond’).
2016: Considers idling of operations at Indiana Harbor, East Chicago.
The Sagasahi iron ore block was acquired by the Essar Group in 2016.
2016: Sells LaPlace & Vinton long product facilities in the USA.
2017: Group led by ArcelorMittal wins race to buy Italy's Ilva plant.
On December 10 2019, a lower court decided that Ilva's blast furnace #2 should be shut down.
ArcelorMittal is recognised by CDP for its leadership on corporate transparency and action on climate change, scoring A- in the 2019 CDP Climate Change assessment
2020: Idles blast furnace #4 at Indiana Harbor mill in East Chicago.
2020: Negotiations continue regarding new industrial plan for Ilva.
2021: Announces construction in Spain of world's first full-scale zero carbon-emissions steel plant.
2021: State of Odisha approves plan for ArcelorMittal/Nippon Steel 24 mt/year plant in Kendrapara.
Mid-2021 Ilva investment agreement was signed with Invitalia, an Italian state-owned company.
2022: Acquires 10 scrap yards in the south of Germany from Alba International Recycling.
Rate how well ArcelorMittal lives up to its initial vision.
ArcelorMittal jobs
Do you work at ArcelorMittal?
Does ArcelorMittal communicate its history to new hires?
ArcelorMittal history FAQs
Zippia gives an in-depth look into the details of ArcelorMittal, including salaries, political affiliations, employee data, and more, in order to inform job seekers about ArcelorMittal. The employee data is based on information from people who have self-reported their past or current employments at ArcelorMittal. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by ArcelorMittal. The data presented on this page does not represent the view of ArcelorMittal and its employees or that of Zippia.
ArcelorMittal may also be known as or be related to ArcelorMittal, ArcelorMittal USA LLC, Arcelormittal USA, Arcelormittal USA Inc. and Arcelormittal USA LLC.