Headquarters
    Luxembourg
    Stock Exchange Listings
    ENX: MT - NYSE: MT - BMEX: MTS - LuxX: MT
    Workforce
    Employees: 208,583 (31/12/2018)
    Contract workers: 44,855 (31/12/2018)
    Total: 253,438 (31/12/2018)
    Geographic Footprint
    Producing countries: 8
    Known tax jurisdictions: 22
    Revenues (in BUSD)
    Total Revenue: 76.033 (31/12/2018)
    Net Income: 5.33 (31/12/2018)
    State Ownership
    No State ownership
    2017 Fatalities
    Total worker fatalities: 4
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    2018 Fatalities
    Total worker fatalities: 0
    • Employees: 0
    • Contract workers: 0
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    While absolute results remain low overall, ArcelorMittal shows one of the five stronger results in Business Conduct.

    In the mine-site assessment, ArcelorMittal ranks 29th among the 38 companies on its mine-site-level results, with an average score of only 3%.

    ArcelorMittal’s results in Business Conduct area (beyond its formal commitment to prevent all forms of bribery and corruption) stem from its company-wide system for identifying and assessing any human rights, labour and environmental risks associated with its suppliers and contractors, and its disclosure of the payments it makes to subnational and national governments, in accordance with Canada’s Extractive Sector Transparency Measures Act.

    Some of ArcelorMittal’s other better results include its systematic support for STEM education in its countries of operation, and its strong focus on supporting technical and managerial skills development of its local workforces.

    ArcelorMittal is associated with several leading practices, including programmatic efforts to tackle problems of alcohol and drug abuse at one of its mine sites.

    On the other hand, ArcelorMittal’s results are below the average across all 38 companies in four of the six thematic areas: Lifecycle Management, Community Wellbeing, Working Conditions and Environmental Responsibility. For example, the company’s overall results are held back by a lack of evidence of formal commitments on issues such as the adoption of a lifecycle approach and a decision not to explore or mine in World Heritage Sites and to respect other protected areas. The company also shows a lack of evidence of systematic action on, for example, collaborative socio-economic development planning with sub-national governments in producing countries, establishing recruitment and employment practices based on equal opportunity, and planning for the management of post-closure transition for affected communities.

    Moreover, the overall results of the four ArcelorMittal mine sites assessed in the mine-site assessment are strikingly weak. None of these four mine sites show any relevant evidence on seven of the ten issues, including local employment, post-closure planning, worker grievances, air quality, water quality and quantity, and emergency preparedness. While ArcelorMittal often publishes specific sustainability reports and ESG data at the country level, all operating sites and plants are aggregated, and it does not provide mine-site disaggregated information.

    Overall results

    Economic Development

    1.57 / 6.002020
    1.50 / 6.002018

    Business Conduct

    2.91 / 6.002020
    2.61 / 6.002018

    Lifecycle Management

    0.07 / 6.002020
    0.31 / 6.002018

    Community Wellbeing

    0.56 / 6.002020
    0.49 / 6.002018

    Working Conditions

    1.56 / 6.002020
    2.00 / 6.002018

    Environmental Responsibility

    1.23 / 6.002020
    0.78 / 6.002018

    Average Mine-Site Score

    3.1%2020
    2020
    1.57
    score / 6
    2018
    1.50
    score / 6

    Economic Development

    2020
    2.91
    score / 6
    2018
    2.61
    score / 6

    Business Conduct

    2020
    0.07
    score / 6
    2018
    0.31
    score / 6

    Lifecycle Management

    2020
    0.56
    score / 6
    2018
    0.49
    score / 6

    Community Wellbeing

    2020
    1.56
    score / 6
    2018
    2.00
    score / 6

    Working Conditions

    2020
    1.23
    score / 6
    2018
    0.78
    score / 6

    Environmental Responsibility

    2020
    3.1
    %

    Average Mine-Site Score

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    AndradeLas TruchasLiberiaLisakovskPrijedor
    Local Employment
    (score /3)
    0.00.00.00.00.0
    Local Procurement
    (score /3)
    0.00.01.00.00.0
    Post-Closure Plans
    (score /3)
    0.00.00.00.00.0
    Community Grievances
    (score /3)
    0.00.00.00.00.5
    Worker Grievances
    (score /3)
    0.00.00.00.00.0
    Air Quality
    (score /3)
    0.00.00.00.00.0
    Water Quality
    (score /3)
    0.00.00.00.00.0
    Water Quantity
    (score /3)
    0.00.00.00.00.0
    Tailings Management
    (score /3)
    -1.0-1.01.0
    Emergency Preparedness
    (score /3)
    0.00.00.00.00.0
    Mine-site Score
    (%)
    0.03.33.73.35.0

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    Andrade-Brazil100Iron OreOpen-pit
    Atansore-Kazakhstan100Iron OreOpen-pit, Underground
    Atasu-Kazakhstan100Iron OreOpen-pit, Underground
    Baffinland*Mary RiverCanada44.5Iron OreOpen-pit
    Fire Lake-Canada85Iron OreOpen-pit
    Hibbing Taconite Mines-USA62.31Iron OreOpen-pit
    KaragandaKostenko, Stakhanovskaya, Kuzembaeva, Saranskaya, Sokurskaya, Aktasskaya, Abayskaya, Kalinina, Kazakhstanskaya, Lenina, Naklonnaya, Shakhtinskaya, TentekskayaKazakhstan100CoalUnderground
    Kentobe-Kazakhstan100Iron OreOpen-pit, Underground
    Kryviy RihNovokrivorozhskyUkraine95.13Iron OreOpen-pit, Underground
    Las TruchasLázaro CárdenasMexico100Iron OreOpen-pit
    LiberiaYekepa, Tokadeh, Gangra, Yuelliton, Western Range ProjectLiberia85Iron OreOpen-pit
    LisakovskLisakovsky, Shaimerden, TermitauKazakhstan100Iron OreOpen-pit, Underground
    Ljubija-Bosnia and Herzegovina35.1Iron OreOpen-pit
    Minorca MinesLaurentianUSA100Iron OreOpen-pit
    Mont-WrightMt WrightCanada85Iron OreOpen-pit
    Peña ColoradaMinatitlánMexico50Iron OreOpen-pit
    PrijedorOmarska, Jezero, BuvacBosnia and Herzegovina51Iron OreOpen-pit
    PrincetonTazewell, McDowell, Low Vol, Mid VolUSA100CoalOpen-pit, Underground
    Serra Azul-Brazil100Iron OreOpen-pit
    Volcan MinesSonoraMexico100Iron OreOpen-pit
    *not included in RMI assessment

    Closed mine sites (known)
    (controlled assets under care & maintenance, closure or post-closure management)

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining typesYear of closure
    XMV Mine No. 36-USA100CoalUnderground2009

    Shareholders (known)

    As of: 31/10/2019Shares (%)
    Mittal Family37.38%
    Capital Research Global Investors4.81%
    The Vanguard Group, Inc.1.67%
    Fidelity International1.43%
    Norges Bank Investment Management (NBIM)1.39%
    Amundi Asset Management1.06%
    BlackRock Institutional Trust Company, N.A.0.92%
    Lyxor Asset Management0.54%
    Merian Global Investors (UK) Limited0.37%
    Deutsche Asset Management (UK) Limited0.32%
    Ruffer LLP0.31%
    Caixabank Asset Management SGIIC, S.A.U.0.31%
    BlackRock Advisors (UK) Limited0.30%
    Capfi Delen Asset Management0.27%
    Mandarine Gestion0.26%

    Beneficial Owners (known)

    As of: 31/12/2018Shares (%)
    Lakshmi N. Mittal, Usha Mittal and their children37.41

    Subsidiaries (known)

    As of: 31/12/2018Country
    Acindar Industria Argentina de Aceros S.A.Argentina
    ArcelorMittal Atlantique et Lorraine S.A.S.France
    ArcelorMittal Belgium N.V.Belgium
    ArcelorMittal Belval & Differdange S.A.Luxembourg
    ArcelorMittal Brasil S.A.Brazil
    ArcelorMittal Bremen GmbHGermany
    ArcelorMittal Dofasco G.P.Canada
    ArcelorMittal Duisburg GmbHGermany
    ArcelorMittal Eisenhüttenstadt GmbHGermany
    ArcelorMittal España S.A.Spain
    ArcelorMittal Flat Carbon Europe S.A.Luxembourg
    ArcelorMittal Galati S.A.Romania
    ArcelorMittal Hamburg GmbHGermany
    ArcelorMittal International Luxembourg S.A.Luxembourg
    ArcelorMittal Italia S.p.A.Italy

    Tax Jurisdictions (known)

    Argentina

    Belgium

    Bermuda

    Bosnia and Herzegovina

    Brazil

    Canada

    China

    Czechia

    France

    Germany

    Italy

    Kazakhstan

    Liberia

    Luxembourg

    Mexico

    Poland

    Romania

    South Africa

    Spain

    Turkey

    USA

    Ukraine

    Investor / State Disputes
    (since 2014)

    Case DateCase numberCase descriptionStatus
    2015ARB/15/47ArcelorMittal S.A. v. Arab Republic of Egypt (Steel Industry Project)Concluded