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𝗔𝗿𝗰𝗲𝗹𝗼𝗿𝗠𝗶𝘁𝘁𝗮𝗹 𝗽𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 𝗶𝘁𝘀 𝗮𝗻𝗻𝘂𝗮𝗹 𝗿𝗲𝘃𝗶𝗲𝘄 In the 2023 annual review, ArcelorMittal highlighted human safety as the most important issue, mentioning material issues, energy use and low-carbon operations. In a separate announcement by ArcelorMittal in April, the company announced in December 2023 that it had entered into an agreement with dss+, a leading provider of sustainable operations management consulting services, regarding safety practices. The annual review, published on 23 April, stated that safety was the most important issue. At the same time, the company said that investing in planned and existing projects is another factor in achieving success, and signalled that some major projects will be operational during the year. Lakshmi Mittal, Chief Executive Officer of ArcelorMittal, said: "This year we have continued to move forward by developing and investing in ground-breaking technologies for our industry, our decarbonisation programme and preparing to report in accordance with new sustainability legislation. We are also moving forward on our diversity and inclusion (D&I) roadmap, which aims to create interaction, provide a flow of new ideas and increase productivity to ensure a high-performance organisation. https://lnkd.in/enERqTkS

#throwbackfriday 🚀 A milestone in sustainability!🌱 ArcelorMittal Gent converts waste gases into 80 million litres of bioethanol, a European first. 💡 We are proud that our distribution boards contributed to this. About Steelanol : 🔸 7 Okken boards with a total of 45 Masterpacts  🔸 900 running metres of copperwork 🔸 Target: 35% reduction in CO2 emissions by 2030 and carbon neutrality by 2050. 🔸 The plant in Ghent was the first of its kind in Europe. 🔸 Bioethanol can serve as fuel for vehicles or as raw material for the chemical industry. ➡ Read more about this large-scale project! #pnvpanels #elektrotechnology #innovation #durability #arcelormittal

ArcelorMittal is planning a radical transformation of its steelmaking plant in Fos-sur-Mer, France. The company has announced that it will move away from the traditional blast furnace method of steel production to electric furnaces in recent years. This will be accomplished by commissioning electric furnaces by 2027 and completely decommissioning two blast furnaces by 2030. This strategic move is part of ArcelorMittal's sustainability and carbon footprint reduction efforts. One of the company's latest steps to reduce carbon emissions is the commissioning of a scoop furnace at its facilities. This advanced technology plays an important role in the carbon capture and storage process and aims to increase production efficiency. The two new boilers in particular stand out with a capacity of 330 tons each. Once this transformation is complete, the plant's scrap steel utilization is expected to increase five-fold. This will allow more recycled materials to be used in the production process and reduce carbon emissions by around 10%.

How have companies like ArcelorMittal and Saint-Gobain transformed the construction materials industry? Aditya Mittal, CEO of ArcelorMittal, and Benoit BAZIN, CEO of Saint-Gobain, are leading the charge in sustainable practices, focusing on carbon reduction and innovation. As the sector evolves, these leaders are setting new standards in energy efficiency and durability. #ConstructionMaterials #Innovation #CarbonReduction

How ArcelorMittal’s Strategy Aligns with Global Steel Industry Trends: A Comprehensive Analysis https://lnkd.in/dZSzzkjC In an era where the steel industry is undergoing profound transformation, ArcelorMittal stands out as a key player navigating these changes with strategic precision. As the world’s largest steel producer, ArcelorMittal’s approach reflects an acute awareness of global trends, from sustainability and technological innovation to market dynamics and regulatory shifts. Here’s an in-depth look at how ArcelorMittal’s strategy aligns with and shapes the trends influencing the global steel industry. 1. Commitment to Sustainability and Green Steel Sustainability has become a cornerstone of the global steel industry, driven by increasing environmental regulations and societal expectations. ArcelorMittal is at the forefront of... #steelprice #steel #iron #steelnews #news #steelmarket #market #industrialnews #LME #HKEX #Londonmetalexchange #metal #metalexchange #investment #investing #stock #stocks

Supply chain sustainability will be a key driver toward decarbonisation with Scope 3 emissions accounting for 80% of most companies’ overall climate impact. However, some of the most impactful supply chains, like food, construction and freight, are typically heavy emitters. There is good news though. We’re seeing increasing corporate partnerships and capital flows toward making this infrastructure greener. A great example is in steel, where we’re there are exciting movements. 👉 H2 Green Steel secured a €4.5 billion in project financing for its flagship green steel plant, the world's first large-scale facility utilising hydrogen reduction technology. https://lnkd.in/d8_XQeE5 👉 Market and regulatory signals, like Germany’s €4 billion “Carbon contracts for difference” program showcases how different levers can be pulled to encourage decarbonisation of heavy industries. https://lnkd.in/g68PU4zQ 👉 ArcelorMittal made a US$36 investment in Boston Metal to assist with the commercialisation of a process that transforms iron ore into iron using clean electricity - removing carbon from the steelmaking process.  https://lnkd.in/gWVDir2R 👉 And in Australia, Rio Tinto, BHP and BlueScope partnered to jointly investigate the development of the country’s first ironmaking electric smelting furnace pilot plant. https://lnkd.in/gQQwVbbQ There is immense potential for supply chain sustainability, but we have to create the right funding environment to get early technologies deployed at scale.

How do we rebuild 200 years of infrastructure in 26 years for Net Zero? 🧐 Fortunately a lot is happening already to reimagine how we build and manufacture throughout our supply chains #supplychain #greensteel #netzero

How ArcelorMittal \(MT\) Tackles Environmental Concerns: A Comprehensive Look at Their Strategies and Solutions https://lnkd.in/daMWuhmX As the global leader in steel and mining, ArcelorMittal \(MT\) plays a pivotal role in addressing environmental concerns associated with the industry. With growing awareness of climate change and environmental degradation, ArcelorMittal is committed to integrating sustainability into its operations. This article explores how ArcelorMittal is tackling environmental challenges through innovative technologies, strategic goals, and proactive measures. 1. Commitment to Reducing Carbon Emissions Carbon emissions from steel production are a significant environmental concern. ArcelorMittal has set ambitious goals to reduce its carbon footprint and contribute to global climate targets. Key Emission Reduction Strategies: Carbon Capture and Storage \(CCS\): ArcelorMittal is... Steel Price #steelprice #steelprices #steel_news #steelmarket #LME #HKEX #Metal #stock #stocks #steel

Navigating Environmental Regulations: How ArcelorMittal \(MT\) is Adapting and What It Means for Investors https://lnkd.in/dc22pR3U As one of the world’s largest steel manufacturers, ArcelorMittal \(MT\) stands at the crossroads of industrial prowess and environmental responsibility. With increasing global pressure to adopt sustainable practices, the impact of environmental regulations on ArcelorMittal cannot be understated. This article explores how these regulations affect the company and its strategies for navigating these challenges, while also shedding light on what this means for investors and the future of the steel industry. 1. The Growing Weight of Environmental Regulations Environmental regulations are intensifying across the globe, particularly in regions where ArcelorMittal operates, such as Europe and North America. Governments and international... Steel Price #steelprice #steelprices #steel_news #steelmarket #LME #HKEX #Metal #stock #stocks #steel

How ArcelorMittal \(MT\) Tackles Environmental Concerns: A Comprehensive Look at Their Strategies and Solutions https://lnkd.in/daMWuhmX As the global leader in steel and mining, ArcelorMittal \(MT\) plays a pivotal role in addressing environmental concerns associated with the industry. With growing awareness of climate change and environmental degradation, ArcelorMittal is committed to integrating sustainability into its operations. This article explores how ArcelorMittal is tackling environmental challenges through innovative technologies, strategic goals, and proactive measures. 1. Commitment to Reducing Carbon Emissions Carbon emissions from steel production are a significant environmental concern. ArcelorMittal has set ambitious goals to reduce its carbon footprint and contribute to global climate targets. Key Emission Reduction Strategies: Carbon Capture and Storage \(CCS\): ArcelorMittal is... Steel Price #steelprice #steelprices #steel_news #steelmarket #LME #HKEX #Metal #stock #stocks #steel