ArcelorMittal

ArcelorMittal is a multinational steel manufacturing corporation headquartered in Luxembourg City. With an annual crude steel production of 88 million metric tonnes, it is the second-largest steel producer in the world. The company was formed in 2006 when Indian-owned Mittal Steel acquired and merged with Arcelor, which traces its history back to 1976.

The company is involved in research and development, mining, and steel production. In 2016, ArcelorMittal produced around 90 million tons of steel and made 200 unique steel grades for automotive purposes, half of which were introduced in 2007. The company's products include Usibor 2000, a high-strength automotive steel that is about one-third stronger than other steels available for carmaking.

ArcelorMittal faces challenges such as increasing competition, fluctuating demand, and volatile raw material prices. As one of the largest manufacturing companies in Luxembourg, the company has responded by investing in innovation, technology, and sustainability, with a focus on reducing its carbon footprint and improving energy efficiency.

ArcelorMittal has a significant impact on the global economy, employing directly and indirectly 200,000 people. The company's market capitalization is $25 billion, and the total value of its assets is estimated to be around $100 billion. It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations.

Founded: 2006

Headquarter: Boulevard d’Avranches, Luxembourg City, Luxembourg

Website: https://corporate.arcelormittal.com/