Overview

2016 was a year of important progress for ArcelorMittal.

Action 2020

Action 2020 is ArcelorMittal's commitment to structurally improving profitability and cash flow generation.

Governance

Good corporate governance is about compliance, continuous stakeholder dialogue and being a good corporate citizen.

Fact book

Details of our steel and mining operations, financials, production facilities and shareholder information.

Performance summary

2016 Action 2020 Ebitda contribution

US$0.9bn

Select
  • Europe
  • NAFTA
  • Brazil
  • ACIS
  • Mining
Europe$263m 29%
NAFTA$164m 18%
Brazil$100m 11%
ACIS$260m 29%
Mining$120m 13%
$263m 29%
Drivers

Transformation program

Progress

Procurement, reliability and productivity savings on track

Centralisation of key processes underway

Portfolio optimised (closure of Zumarraga, partial shut down of Sestao and Zaragoza sale)

$164m 18%
Drivers

Ramp-up of Calvert, improved value added mix

US footprint optimization

Progress

US footprint optimization largely complete

Calvert utilisation rate 79%

Portfolio optimized (Sale of LaPlace and Vinton)

$100m 11%
Drivers

Brazil value plan

Progress

A number of structural cost improvement programmes underway

$260m 29%
Drivers

New coke battery and PCI usage in CIS

New iron ore supply agreement and tarrifs in South Africa

Progress

Capturing benefits of currency devaluation and good operational performance in CIS

Quarterly production records achieved in the CIS (Combined Ukraine and Kazakhstan production up +6.7% YoY)

$120m 13%
Drivers

10% reduction in average unit iron ore cash costs

Progress

10% YoY reduction achieved

Sales

56.8

(US$ billion)

2016 56.8
2015 63.6

Ebitda

6.3

(US$ billion)

2016 6.3
2015 5.2

Operating income

4.2

(US$ billion)

20164.2
(4.2)2015

Net income

1.8

(US$ billion)

 2016 1.8
(7.9)2015

Earning per share

0.62

(US$)

 2016 0.62
(3.43)2015

Net debt

11.1

(US$ billion)

2016 11.1
2015 15.7

Steel shipments

83.9

(million tonnes)

2016 83.9
2015 84.6

Crude steel production

90.8

(liquid steel in metric tonnes)

2016 90.8
2015 92.5

Own iron ore production

55.2

(million tonnes)

2016 55.2
2015 62.8

Coal production

6.3

(million tonnes)

2016 6.3
2015 6.1

Lost time injury frequency rate (steel and mining)

0.82

(incidents per million hours worked)

2016 0.82
2015 0.81

Dust emissions

0.67

(kg per tonne of steel)

2016 0.67
2015 0.66

CO2e emissions
(steel and mining)

204

(million tonnes)

2016 204
2015 205

% reduction in CO2 per tonne of steel since 2007

4.6%

(2020 target: 8%)

2016 4.6
2015 4.5

CO2 emissions avoided through recycling of scrap and slag

40

(million tonnes)

2016 40
2015 43

R&D investment

239

(US$ million)

2016 239
2015 227

Direct economic contribution to society

56.2

(US$ billion)

2016 56.2
2015 63.3

10th anniversary highlights

January

ArcelorMittal recognised by VBDO for sustainability work in new study ‘Benchmark of Circular Business Practices’

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February

Launch of Action 2020 which targets structural Ebitda improvement of US$3.0 billion and annual free cash flow in excess of US$2.0 billion, by 2020

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March

GM and Ford give high honours to ArcelorMittal

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April

World's first floating wind farm will use our steel

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May

Our steel used in world’s largest cruise ship

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June

We become a member of construction sustainability institute IBU

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July

ArcelorMittal France announces winners of inaugural innovator's award

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August

10th anniversary of ArcelorMittal

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September

Another year of rail deliveries secured with Deutsche Bahn

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October

ArcelorMittal launches Orange Book to support innovative steel design

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November

Launch of new low-carbon technology partnership initiative for steel, cement and chemicals industries with Evonik, LafargeHolcim and Solvay

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December

ArcelorMittal commits to a future of sustainability-driven innovation

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Segment review

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Sustainability review

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