ArcelorMittal announced that it has appointed Mr Henri Blaffart as executive vice president and head of human resources, effective 1st April 2103. He replaces Mr Willie Smit, who leaves the company to pursue other opportunities. Mr Blaffart will also become a member of the company`s management committee. Mr Blaffart, a highly experienced steel industry executive, is currently head of HR for the company`s…

AP reported that ArcelorMittal has become an official sponsor of the 2012 London Olympics. The company was unveiled Tuesday as a tier two domestic sponsor by London organizers. ArcelorMittal is providing GBP 16 million for the construction of a 115 meter tower called The Orbit, located in the Olympic Park near the main stadium. Under the sponsorship deal, London organizers will benefit from ticket sales…

iol.co.za reported that ArcelorMittal South Africa has drawn criticism for its decision to discontinue the local production of a specific type of steel used by the automotive industry. ISF is used for the outside panels of some vehicles. Mr Stefan Haasbroek chairman of the original equipment manufacturers purchasing council, a sub committee of the National Association of Automobile Manufacturers of SA, said…

KUNA reported that steel giant ArcelorMittal Group received USD 200 million loan from The External Bank of Algeria to develop Al Hadjar Steel Complex, in which it owns 70%, in Annaba province east of Algiers. The step would put an end to a dispute between the Indian company and the Algerian government that risked shutting down the complex. Algerian Prime Minister Mr Ahmad Ouyahia affirmed that his…

ArcelorMittal said that it expects to start work on its India projects worth INR 100,000 crore later this year. Mr Aditya Mittal CFO of ArcelorMittal said that "On India, I believe, we are making good progress on the Greenfield projects and hope to break ground later this year.” Asked if the company is looking at mergers and acquisitions to expand its India base, he said that "We have a joint venture with…

ArcelorMittal has launched a range of organic coated steels that have eliminated the need for the chemical Strontium chromate (SrCrO4). This chemical that has been used by the construction industry in coated steels for decades will be banned in 2016 under the European REACH regulatory framework (Registration, Evaluation, Authorization and Restriction of Chemical Substances), which came into force on June…

ArcelorMittal has launched new corporate brochure 'Fabric of life'. From windscreen wipers to snow shovels to baking tins, steel is the material used to make many of the objects we use every day. Our newly published corporate brochure demonstrates just how interwoven steel is in our daily lives. The introduction to the 32 page brochure reads that "We believe steel has a key role to play in the world. From…

ArcelorMittal said that it has come up with a new kind of steel that the world has never seen before. Thanks to nanotechnology, the company says automakers can now match the weight of aluminum cars, but do it in steel at far lower cost. It can take 188 pounds out of the body in white of a car but total weight savings could be even bigger. Specifically, ArcelorMittal said that it can take 188 pounds out of…

It is reported that ArcelorMittal has lost a legal challenge that sought to exempt it from the European Union's greenhouse gas cap and trade system. The European Union's central court has threw out a challenge by steelmaking titan ArcelorMittal to the EU's scheme for forcing industries to pay for their greenhouse-gas emissions, saying that the EU's rules were fair. The EU's emissions trading scheme is the…

Mr Aditya Mittal CFO of ArcelorMittal said while speaking in Zwedru, Grand Gedeh County on a visit to Liberia to get first hand information on his company’s operation in the country, that his company has no plan to pull out of Liberia. He said that ArcelorMittal considers the Liberian Government as a strong partner that is willing to address the plight of its country and improve the lives of its citizens.…