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.

Key operational overview

Segment annually (2012 - 2016) and quarterly (2015 - 2016)

  2012 2013 2014 2015 2016 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 3Q 16 4Q 16
Crude steel production (000's MT)                          
NAFTA 24,315 24,914 25,036 22,795 22,208 5,908 5,775 5,976 5,136 5,644 5,735 5,632 5,197
Brazil 9,872 9,987 10,524 11,612 11,133 2,875 2,934 2,953 2,850 2,667 2,800 2,888 2,778
Europe 39,776 41,923 43,419 43,853 42,635 11,341 11,644 10,880 9,988 11,171 10,720 10,571 10,173
ACIS 14,268 14,362 14,148 14,219 14,792 3,603 3,696 3,257 3,663 3,668 3,926 3,552 3,646
Total 88,231 91,186 93,127 92,479 90,767 23,727 24,049 23,066 21,637 23,150 23,181 22,643 21,793
Steel shipments* (000's MT)                          
NAFTA 22,394 22,500 23,074 21,306 21,281 5,463 5,642 5,620 4,581 5,463 5,443 5,364 5,011
Brazil 9,654 9,797 10,376 11,540 10,753 2,707 2,835 3,125 2,873 2,472 2,689 2,751 2,841
Europe 37,531 38,269 39,639 40,676 40,247 10,662 10,895 9,646 9,473 10,444 10,886 9,382 9,535
ACIS 12,921 12,422 12,833 12,485 13,271 3,006 3,205 3,196 3,078 3,315 3,453 3,408 3,095
Total 82,182 82,610 85,125 84,586 83,934 21,605 22,179 21,065 19,737 21,472 22,101 20,316 20,045
Average steel selling price (US$/tonne)                          
NAFTA 879 829 843 732 672 796 726 698 706 635 660 715 681
Brazil 951 940 867 647 536 713 695 622 565 474 515 582 565
Europe 840 804 773 609 568 633 617 614 568 530 562 596 590
ACIS 672 613 576 432 395 507 450 416 356 320 409 419 432
Total 838 799 775 623 567 668 635 614 569 520 560 601 589
Revenue (US$ millions)                          
NAFTA 20,760 19,645 21,162 17,293 15,806 4,777 4,545 4,371 3,600 3,822 3,920 4,269 3,795
Brazil 10,156 10,148 10,037 8,503 6,223 2,119 2,167 2,125 2,092 1,255 1,488 1,729 1,751
Europe 42,499 40,507 39,552 31,893 29,272 8,600 8,547 7,671 7,075 7,151 7,810 7,172 7,139
ACIS 10,197 8,419 8,268 6,128 5,885 1,721 1,649 1,508 1,250 1,192 1,581 1,586 1,526
Mining 5,493 5,766 4,970 3,387 3,114 758 964 908 757 600 809 809 896
Holding and service companies and eliminations (4,892) (5,045) (4,707) (3,626) (3,509) (857) (982) (994) (793) (621) (865) (1,042) (981)
Total 84,213 79,440 79,282 63,578 56,791 17,118 16,890 15,589 13,981 13,399 14,743 14,523 14,126
EBITDA (US$ millions)                          
NAFTA 2,014 1,397 1,206 891 1,719 53 225 340 273 339 513 566 301
Brazil 1,290 1,895 1,845 1,231 872 377 360 313 181 145 213 301 213
Europe 1,838 1,621 2,304 2,393 2,503 616 680 553 544 363 725 717 698
ACIS 611 314 620 317 678 133 88 35 61 61 242 233 142
Mining 1,755 1,980 1,331 462 762 114 115 143 90 98 163 204 297
Holding and service companies and eliminations 171 (319) (69) (63) (279) 85 (69) (33) (46) (79) (86) (124) 10
Total 7,679 6,888 7,237 5,231 6,255 1,378 1,399 1,351 1,103 927 1,770 1,897 1,661
Operating income/(loss) (US$ millions)                          
NAFTA 1,243 630 386 (705) 2,002 (103) 51 88 (741) 205 1,209 424 164
Brazil 561 1,204 1,388 628 614 291 275 196 (134) 89 149 233 143
Europe (5,725) (985) 737 171 1,270 317 387 (27) (506) 86 383 414 387
ACIS (54) (457) 95 (624) 211 25 (18) (176) (455) (15) 162 156 (92)
Mining 1,209 1,176 565 (3,522) 366 (36) (42) (2) (3,442) (2) 62 103 203
Holding and service companies and eliminations 121 (371) (137) (109) (302) 77 (74) (59) (53) (88) (92) (126) 4
Total (2,645) 1,197 3,034 (4,161) 4,161 571 579 20 (5,331) 275 1,873 1,204 809
Steel EBITDA/tonne (US$/tonne)                          
NAFTA 90 62 52 42 81 10 40 60 60 62 94 106 60
Brazil 134 193 178 107 81 139 127 100 63 59 79 109 75
Europe 49 42 58 59 62 58 62 57 57 35 67 76 73
ACIS 47 25 48 25 51 44 27 11 20 18 70 68 46
Total** 72 59 69 56 65 59 58 57 51 39 73 83 68
EBITDA/tonne (US$/tonne)                          
NAFTA 90 62 52 42 81 10 40 60 60 62 94 106 60
Brazil 134 193 178 107 81 139 127 100 63 59 79 109 75
Europe 49 42 58 59 62 58 62 57 57 35 67 76 73
ACIS 47 25 48 25 51 44 27 11 20 18 70 68 46
Total*** 93 83 85 62 75 64 63 64 56 43 80 93 83

* ArcelorMittal Downstream Solutions shipments are eliminated in consolidation as they primarily represent shipments originating from other ArcelorMittal operating subsidiaries.

** Average steel EBITDA/tonne is calculated as group EBITDA less mining divided by total steel shipments.

*** EBITDA/tonne is calculated as group EBITDA divided by total steel shipments.

Revenue by segment 2016 (US$ millions)

% Figures presented exclude holding and service companies and eliminations (3,509)

NAFTA 26% #5C7F92
Brazil 10% #8B819E
Europe 49% #AA9E6E
ACIS 10% #70A489
Mining 5% #BAC48C
Total
56,791
(US$ millions) 2016 %
NAFTA 15,806 26
Brazil 6,223 10
Europe 29,272 49
ACIS 5,885 10
Mining 3,114 5

Steel shipments by segment 2016 (000's MT)

% Figures presented exclude intersegment shipments (1,618)

NAFTA 25% #5C7F92
Brazil 13% #8B819E
Europe 47% #AA9E6E
ACIS 15% #70A489
Total
83,934
000's MT 2016 %
NAFTA 21,281 25
Brazil 10,753 13
Europe 40,247 47
ACIS 13,271 15

EBITDA by segment 2016 (US$ millions)

% Figures presented exclude holding and service companies and eliminations

NAFTA 26% #5C7F92
Brazil 13% #8B819E
Europe 38% #AA9E6E
ACIS 10% #70A489
Mining 13% #BAC48C
Total
6,255
US$ millions 2016 %
NAFTA 1,719 26
Brazil 872 13
Europe 2,503 38
ACIS 678 10
Mining 762 13

EBITDA/tonne by segment 2012-2016 (US$/tonne)

X-axis NAFTA Brazil Europe ACIS
Bar Color #5C7E92 #8A819E #AA9E6D #70A489
Font Color #FFFFFF #FFFFFF #FFFFFF #FFFFFF
2012 90 134 49 47
2013 62 193 42 25
2014 41 178 58 48
2015 42 107 59 25
2016 81 81 62 51
US$/tonne 2012 2013 2014 2015 2016
NAFTA 90 62 52 42 81
Brazil 134 193 178 107 81
Europe 49 42 58 59 62
ACIS 47 25 48 25 51
Total 93 83 85 62 75