In this netbull:
An employee of the rail service from ArcelorMittal Differdange was crushed between a locomotive and a wagon.
Lakshmi Mittal: "The steel sector in Europe needs to consolidate or restructure. So far no consolidation opportunity had not presented. But ArcelorMittal will continue to pursue such opportunities." In 2009, the turnover of the business of ArcelorMittal steel has been halved
Great victory for temporary ArcelorMittal France who demanded payment of a premium of 799 euros that the steelmaker had refused to pay them here few years because collective agreement that reserved the bonus to employees only "home".
ArcelorMittal is planning to outsource part Infrastructure IT Europe '.
L. Mittal: "I really do not envisage major merger in the steel industry. I think that outside of China, the steel industry is concentrated. ArcelorMittal is now about three times larger than its nearest competitor Nippon Steel, but the global steel production is half in China, which still has many companies of small size.
ArcelorMittal announces new price increases for the third quarter, up to 40 % For flat steel. They come after increases of 40% in the second quarter. Two factors explain the surge: the price of iron ore (97% in the second quarter, over one year) and the end of the annual contracts with steelmakers imposed by the mining groups.
Luxembourg: fatal accident at ArcelorMittal
An employee of the rail service ArcelorMittal was crushed between a locomotive and a wagon while working in the field to a company in the industrial area of Hahneboesch Niederkorn ( Differdange). He died of his serious injuries. The Labour Inspectorate and Mines visited on the scene, as members of the technical service of judicial police. The investigation began to determine the exact causes of the tragedy. (The quotidien.lu 25 / 5)
Charleroi believes in its steel
The output of the PS deputy mayor in Charleroi, Ingrid Colic, announced at the end of the steel in the center, has infuriated the steelworkers FGTB but also the local PS. Fissa fissa, a motion to support the steel industry has been filed and signed by five seconds at the last council ... (The Vif07/05/2010)
ArcelorMittal Liège staff praised for reviving the hot
Management ArcelorMittal has sent a letter to all staff to congratulate him for successfully revive the hot phase in the time limit of eight weeks. This proves, if need be, the integrated steel industry more than ever Liege its place in the European industrial base of ArcelorMittal. The staff party ArcelorMittal is scheduled for 12 June (6com 06/05/2010).
ArcelorMittal France, temporary employees are entitled to the same premium as employees
Great victory for temporary ArcelorMittal who had been in a law and have won question. They demanded payment of a premium of 799 euros that the steelmaker had refused to pay them a few years because a collective agreement reserved the bonus to employees only "home". The temping them were sentenced to pay the premium because the law provides that the interim must collect the compensation to which they would have been entitled had they been employed full (VivaLiège 06/05/2010)
ArcelorMittal: starting the year less dynamic
marches.lefigaro.fr 29/04/10 ArcelorMittal reported Thursday morning a profit net decrease of 36.6% in the first quarter of 2010 compared to fourth quarter 2009. Between the fourth quarter 2009 and first quarter of 2010, ArcelorMittal recorded a turnover virtually flat at $ 18.6 billion (14 billion euros). However, net income was significantly reduced from between the two periods of $ 1.07 billion to $ 679 million (513 million), down from 37.6%. A year ago, the group posted a loss of 1.06 billion.
Based on the number of shares, net income reached 45 cents between January and March, against 71 percent from October and December 2009.
Lakshmi Mittal wants but confident: "The beginning of the year was marked by improved demand in all our major markets, which will have a positive impact in the second quarter." The group has shipped 21.5 million tons of steel in the first quarter (+8% from the previous three months) but the sale price was 3% less. Capacity utilization has increased by about 72% in first quarter 2010, compared to about 70% in the fourth quarter of 2009 and "it should gradually reach about 80% in the second quarter of 2010." ArcelorMittal also accuses an increase in its net debt of 1.9 billion $ 20.7 billion as the group invested in working capital and carrying out mergers and acquisitions. In the first quarter, the Company paid dividends totaling $ 282 million.
ArcelorMittal recalls it enters the circle of second-tier sponsors of the Olympics and Paralympics in Vancouver in 2012. As a sponsor, "the company will provide infrastructure support to contribute to a successful Games."
ArcelorMittal, will fund this project up to 18.33 million euros.
Reflect cost increases our customers
30 / 4 ArcelorMittal had realized a net gain of $ 108 million on carbon credits in the last quarter of 2009, he was unable to replicate this quarter. Rising raw materials, exacerbated by a new pricing mechanism, threatening its margins. This "change the economic model of the steel industry, said Lakshmi Mittal. Our clients, who were accustomed to annual contracts, not quarterly, will have to adapt. Clearly, we need to pass these cost increases to our customers, "he added. This change of mechanism, decided by mining giants BHP Billiton, Vale and Rio Tinto, will lead to higher prices at the end of the second quarter of 80% for iron ore and 70% for coal.
Aditya, the "child prodigy" of the Mittal empire
lefigaro.fr 30/04/2010 at 34 years, Aditya Mittal is the youngest CFO of a group of ACC 40. He had initiated the merger with Arcelor in 2006 and released the family group of the crisis. Nobody today would dare
designate Aditya Mittal, CFO of ArcelorMittal, as only the "son of" his father Lakshmi. Some even describe him as "a small gifted." "The proximity of Lakshmi Mittal and Aditya always amazes me. "Aditya has a unique strategic insight," enthuses Yoel Zaoui, head of Goldman Sachs Europe, Mittal's chief adviser during the merger. At 34, the young man combines the functions of CFO and head of the steel division of ArcelorMittal Flat Americas, sits on the board of PPR, Francois Pinault flew to the rescue of Mittal for Arcelor on their OPE and an Indian media group.
Father of two girls, husband Megahit, who just bought the luxury brand Escada remains discreet about his private life. Born in India, he remembers a childhood happy in Indonesia. In 1993 went to study at the University of Wharton (United States), where he met his future wife, he closes its curriculum into three years instead of four. "I pressed. I felt that a future waiting for me, I wanted to take part, "says Aditya Mittal. Simple economics degree in hand, he began his career in mergers and acquisitions department of Credit Suisse First Boston in New York. The bank sends develop this activity in London a few months later.
"A good way to learn"
His father, housed in the British capital in the early 1990s, he then moved to join the family group, Ispat. In vain. "I was not interested to join a private company. I prefer working in a listed group, having the financial means to develop, "says Aditya Mittal. But when her father decides to bring Ispat Stock Exchange, the son finally accepts the mission. The history of the family will then accelerate. The
Ispat IPO closed, in 1997, Aditya is in command of the group's finances. Two years later, the steel passes through one of the gravest crises in its history-third of U.S. steelmakers are bankrupt. The son was named head of the department mergers and acquisitions of Ispat. "I had no staff or financial resources for acquisitions, he recalls, smiling. But there were opportunities. I began by studying a few cases. I thought it was a good way to learn. "
The saga begins with redemptions steelworks in Romania, Algeria, South Africa. The Mittal into agreements with local governments participate in the privatization of Czech and Polish steel companies. "We have restated the factories that were paid by themselves," recalls Aditya Mittal. Transactions "that allowed the group to double in size every 18 to 24 months from 1999 to 2006, says Bill Scoting. Aditya was an amazing experience for someone his age. But just imagine the dinner conversations with his father when he was a child ... "Logic
future boss?
In 2005, Ispat and LNM, the two holding companies of the Mittal family, ISG merged with the U.S. and give birth to number two industry in sales and number one in volume: Mittal Steel. Aditya becomes CFO. "The group had reached a plateau. To reach the next level, we needed to do something transforming, "said Aditya Mittal, never satiated. This was the OPE with Arcelor. This operation was important for us, but for the entire industry. "The announcement of the offer will take all the world against the foot. Critics of the project stigmatize youth's CFO of Mittal Steel. Aditya was only 29 years.
totally unjustified attacks, Yoel Zaoui guarantees: "Aditya has only the good sides of his age: energy, ideas, fast action. He is very experienced, despite his age. He grew up with the group, and has a world view that few have. "In 2009, a new crisis. We must restructure the group's debt, saving, fire. The Mittal divide by two production. It can be attached to family values and cut to the quick ...
Aditya Mittal proved his qualities as CFO. This makes it the logical heir to his father as head of the empire ArcelorMittal? Nobody dares to take the step in the group anyway. Especially as Lakshmi Mittal has only 59. Careful, Bill Scoting believes his side that "nothing indicates that she lacks capacity. But the ultimate decision would be for Mittal themselves, the board of directors and shareholders. "
Works
eclectic social and Aditya Mittal Megahit not content to be a handsome young couple glamorous. Also rich, they have made a donation of 15 million pounds sterling at the Great Ormond Street Hospital, to help build a new wing for children. This program is particularly close to heart, as their contribution to an association against violence against children. Meanwhile, Aditya financially supports a program of the Old Vic Theater. Each night, children under 25 years are 100 seats on the 1000 theater, at 12 pounds (the third of the price). "Every night, the result of this action is tangible, with smiling young people who receive these tickets," enthuses Kevin Spacey, the director Art Theatre. Aditya and his wife come to see all our productions. It is an extraordinary man. "
Eric Diard:" Arcelor Mittal Fos produced more dioxin than the incinerator "
laprovence.com May 3, 2010 Members begin Tuesday, May 4 at first reading the review of the project related national commitment to the environment, called "Grenelle 2. Eric Diard, UMP deputy mayor Sausset-les-Pins." The European standards for incineration are draconian: 0.1 nanogram per cubic meter of air dioxin . Release of dioxin are infinitesimal when compared to other industries. For example, Arcelor Mittal, which is on the same site, is the largest producer of dioxin in the region: 5 grams released on average in the year against 0.1 grams for the incinerator. In this case, even if ArcelorMittal has invested heavily to reduce their releases, I see you still interested in the straw and it ignores the beams. Who benefits? "
ArcelorMittal European project outsourcing services
06/05/2010 www.lejsl.com / en ArcelorMittal is considering a project to outsource some of its services based in Europe, as it has done in recent months for the accounting, delocalized in Poland and India, said on Thursday trade union sources. "ArcelorMittal has announced a European Works Council on Wednesday a project to outsource part Infrastructure IT Europe ', about 600 employees, including 162 in France," says the CFE-CGC in a statement. "The CFE-CGC condemn this project, which is waiting for a reasoned demonstration," the union that "outsourcing experiences, some in the group, showed that the gains are often short-lived, as the quality of service is deteriorating and that the transaction could endanger the proper functioning of societies, and put in a difficult position some of the employees. "Edward Martin, Head of the Committee of European CFDT:" Mittal's strategy continues, we did not stop outsourcing and outsourcing in services not directly related to production since management wants to further reduce costs in general services. We will appoint our own expert in order to be capacity to offer an alternative. "Edouard Martin said that six companies would be asked to build, according to management," partnerships ". This is Hewlett-Packard, IBM , HCL, CSC, Wipro and Capgemini.
Management will deepen its project and final decision should be taken in late September or early October, said the unions. According to the CFDT, management justify this project, besides a desire to reduce costs, "a huge need for investment to meet today's needs after years in which the group has invested little in information technology." This project follows the transfer of its European accounting services to Poland and India, where the Indian company Wipro was chosen. "The transfer will be effective July 31, 2010, France was concerned that 82 posts, but people have been reclassified in-house," said Edward Martin (AFPs).
ArcelorMittal to build an "Eiffel tower" for London 2012
Les Echos 07/05/10 The contribution to the Leader of the global steel industry in the next summer Olympics will be the erection of a giant sculpture that will become a symbol of the event. The sculpture, which is 115 meters high, represents a space object in orbit. ArcelorMittal's commitment to the second marketing program for the London Games is an original. "ArcelorMittal is not a steel company in the former. It is a truly global and innovative group, "says Ian Louden, director of mark. "Lakshmi Mittal has long lived in London and he stayed there regularly again. He had committed to providing a work in the city, "he says, adding that overall," ArcelorMittal wants to be involved in a responsible society. "
But behind these considerations rather standard, lies a project of real ambition: to give London the Games and a symbol is as strong as the Eiffel Tower, built during the Universal Exhibition of 1889 Paris. A sculpture of 115 meters high, weighing about 1,400 tons, representing an orbit or a space object in orbit will be built between the stadium and the Olympic Games Aquatic Complex. It was designed by artist Anish Kapoor, a British-Indian artist, and will, of course, different types of steel supplied by ArcelorMittal, a true "lattice in a continuous loop of tubular steel," says news paper released in late March, when launching the project. This is the most important artistic commission in the world.
A cost 22.5 million euros
The construction cost is $ 22.5 million. ArcelorMittal will not provide further funding to the organization committee of London 2012, but it will be in the enjoyment during the Games. It may include using a room located 80 meters, accessible by elevator and stairs, for public relations. The organizers will also be able to use the image of the sculpture in a program of derivatives.
After the competitions, the monument will return to the Olympic Legacy Company, who will manage the Olympic facilities and their placement. The tower, called "The ArcelorMittal Orbit", may then be granted to an operator who will install coffee shops and restaurants. PHILIPPE BERTRAND
ArcelorMittal always looking to "opportunity" for its steel industry
lequotidien.editpress.lu 11/05/2010 "The production of stainless steel is an important event for the group," Mr Mittal said, when asked by a shareholder at the general meeting of the group . In the summer of 2009, the leader of the Steel had said they did not intend to sell its steel, responding to a Financial Times article suggesting a possible separation of the division by spin-off. The group stated however consider "various options" for this branch.
"The steel sector in Europe needs to consolidate or restructure," Lakshmi Mittal reiterated. "Until now no chance of consolidation had not submitted. But ArcelorMittal will continue to pursue such opportunities. "
In 2009, the turnover of the business of ArcelorMittal steel has been halved to 4.2 billion, or less than 7% of turnover overall group. The first quarter of 2010, its turnover grew to $ 1.3 billion for an operating profit of $ 71 million.
The division represents about 4% of global workforce, with some 11,000 employees, mainly in Brazil, Belgium and France.
Outside China more consolidation in the steel industry to (L. Mittal)
AFP 11/05/2010 "I really do not envisage major merger in the steel industry. I think that outside of China, the sector Steel is concentrated, "said Mr Mittal, questioned by a shareholder at the general meeting of the group.
ArcelorMittal is now about three times larger than its nearest competitor, Japan's Nippon Steel, but the global steel production is half in China, which still has many companies of small size.
Looking to four or five years, Lakshmi Mittal said that while countries development would become the source of the majority of steel production and developed countries in the minority. "Within three years, developed economies have returned to their pre-crisis level, but I do not anticipate significant growth," said Mr Mittal, adding however that the developed countries remain "leaders in terms of product development and technology. "
Lakshmi Mittal also said that the serious crisis in the steel industry in 2009 had "reaffirmed" the strategic development priorities of the group decided at the time of the birth of ArcelorMittal, that "vertical integration", with enhanced self-sufficiency in raw materials and investment in developing countries.
In 2010, the group wants to increase its domestic production of iron ore by 10 million tons. He had produced less than 40 million in 2009. ArcelorMittal wants to self-supply of up to 75% by 2014, while steel companies are facing a sharp rise in commodity prices and global mining leaders' decision to set their prices every quarter now and not more year. "This will mean more uncertainty and volatility. We are in discussion with our clients to see how they can be pass these cost increases, "said Mr Mittal, at a general meeting very calm, contrasting with the gathering of 2009, which led to violent protests employees.
At the time, most senior furnaces in Europe had been paused and turned ArcelorMittal plants do more than half their capacity. On the second quarter of 2010, the group plans to raise the pace of its plants to 80%. 907 523 168 shares or 58.14% of the capital of the Company, were present or represented at the meeting.
ArcelorMittal publishes its 2009 Corporate Responsibility: 11/05/10
ArcelorMittal today published its Corporate Responsibility Report for 2009, entitled Our Progress towards Sustainable Steel Safe ("Our progress toward a steel safe and sustainable "). The report, whose publication coincides with the Annual General Meeting, then demonstrates the progress made in achieving the goal of ArcelorMittal steel to produce a safe and sustainable, despite the challenges posed by the most severe economic recession that we have seen in recent decades.
The key points of Corporate Responsibility Report this year include a significant improvement of the safety level of society. The frequency rate of accidents with lost ArcelorMittal fell to 1.9 per million hours worked in 2009, an improvement of 24% over the 2008 figure. For 2010, the group's objective is to continue to further reduce by 20% frequency rate of accidents.
Other key points of Corporate Responsibility in 2009 also included the following aspects:
invested $ 235 million in research and development. With 15 major R & D centers, ArcelorMittal has an unparalleled ability to innovate in the global steel industry.
A renewed commitment to implement an 8% reduction in CO2 emissions in 2020 compared to 2007 levels, equivalent to a reduction of 170 kg per tonne of steel produced. Encouraging professional development
: 278 000 hours of online learning with the support of ArcelorMittal University in 2009.
ArcelorMittal Foundation celebrated its second World Day of Volunteerism, where more than 8,500 employees participated in 75 sites distributed worldwide.
"I will not surprise you by telling you that 2009 was one of the most difficult years we have known since the creation of ArcelorMittal, not only for the steel industry but in all sectors of economic life "said N. Lakshmi Mittal, Chairman and CEO of ArcelorMittal. "Despite this dramatic backdrop, which inevitably had an impact on our global activities, I hope this new report highlights the fact that our commitment to social responsibility has not wavered. I would particularly draw your attention on improving significant that we have accomplished in the extremely important area of security. It is a positive trend that we want to continue to develop in 2010, "said Mittal.
China: The ArcelorMittal Foundation donated $ 1.54 million to help rebuild the primary school Xinhuamen after the earthquake in Sichuan in 2008, creating a new steel structure that provides a degree of protection much more raised against earthquakes.
Liberia: ArcelorMittal formalized its support for the Initiative for Transparency in the Extractive Industries Transparency Initiative (EITI).
U.S.: Arcelor Mittal has joined the coalition "Sustain Our Great Lakes" (Let us support the Great Lakes), innovative public-private partnership, established to protect vital ecosystems of the Great Lakes region, which contains 20% of the world's freshwater.
Haiti: ArcelorMittal is donating $ 1 million to help the relief efforts in Port-au-Prince, Haiti, after the earthquake that struck the island on January 12.
"As a global leader in the steel industry, we consider it our responsibility to give impetus to the good practices of durable steel, not only from an environmental standpoint, but also in areas as important for social development and social conditions of our employees, "said Gonzalo Urquijo, Member of the ArcelorMittal Group Management Board in charge of social responsibility. "With operational sites in 60 countries, ensuring a consistent level of performance really through this international giant is always a challenge but a challenge we can meet through a shared commitment to service innovation in the production of steel, but also serving the vital aspects of social responsibility, "he added.
The 2009 report focuses on the four pillars of the strategy ArcelorMittal Corporate Responsibility: Investing in our employees; Steel Making more sustainable enrich our communities, and apply a transparent governance. The full report can be accessed at: www.arcelormittal.com> Corporate Responsibility
The steel prices soar 40%
lefigaro.fr 17/05/10 The major customers of steel producers - manufacturers automobiles, consumer electronics manufacturers ... - it would be well spent. ArcelorMittal announces new price increases for the third quarter, up 40% for flat steel. They arrive after the increases 40% in the second quarter.
Two factors explain the surge: the price of iron ore (97% in the second quarter, over one year) and the end of the annual contracts with steelmakers imposed by the mining groups. This second phenomenon is worrisome especially steel makers as mining groups now index their contracts quarterly courses Chinese dailies. The average quarterly which serves as the reference ranged between 62 and 65 dollars a ton last year. She rose to $ 170.
fear a renewed increase of raw material. Rio Tinto, BHP Billiton and Vale, which weigh 75% of the market for iron ore exported, have so far managed to spend all their gains, despite the resistance of their major European customers and Chinese.
This new configuration of iron ore market has disrupted the steel, whose prices become very volatile by contagion as well as being on the upside. For decades, major manufacturers were accustomed to annual contracts. In the car, some manufacturers have even benefited from triennial contracts until the mid-2000s. News
increases envisaged
"It there will be no annual contracts with firm prices, said Michael Pfitzner, marketing director of ArcelorMittal, which generally gives the tone for the entire industry. We will engage only on volumes and grades (qualities) of steel. "The steel prices could be revised every three months through an indexation formula taking into account the prices of key commodities: iron ore, coking coal and scrap.
"It is possible that we proceed with further increases of 20 to 30 euros extra per tonne in August or September, to take into account changes our production costs, said Michael Pfitzner. Industry should establish annual budgets for steel taking account of price volatility.
far below demand. For flat steel, it is even higher than expected in Europe, ArcelorMittal, thanks to the automobile. European steelmakers and controlling their production, no pressure is bearish for prices.
Secondly, prices of long steel, made from scrap metal, could also increase. The price of scrap metal with a natural tendency to align with that of the ore. But for the time, they remain relatively stable, partly due to weak demand from the construction sector, the main outlet for this type of steel.
CO2 storage: Three new projects on track
May 27, 2010 Three new projects to capture and store carbon dioxide (CO2) will be funded under the demonstration fund research managed by ADEME . Ulcos expected to develop technologies to capture, transport and storage specific to halve the impact from a steel unit of ArcelorMittal in Lorraine. Retained after the call for expressions of interest launched by ADEME in 2008 these four pilots will receive an aid package of € 45 million over 6-8 years. Following the Grenelle Environment, geological storage of industrial emissions has been identified as a priority the fight against climate change, alongside energy efficiency and renewable energy development. First tested in 1/100th scale, these technologies could be applied to industrial 2020.
