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2017 Integrated annual reviewShaping the future of steel
Our Business
How and where we run our steel and mining business.
Our progress
This year saw important progress across our business, where we continued to meet the needs of all our stakeholders.
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.
US$0.9bn
Transformation program
Procurement, reliability and productivity savings on track
Centralisation of key processes underway
Portfolio optimised (closure of Zumarraga, partial shut down of Sestao and Zaragoza sale)
Ramp-up of Calvert, improved value added mix
US footprint optimization
US footprint optimization largely complete
Calvert utilisation rate 79%
Portfolio optimized (Sale of LaPlace and Vinton)
Brazil value plan
A number of structural cost improvement programmes underway
New coke battery and PCI usage in CIS
New iron ore supply agreement and tarrifs in South Africa
Capturing benefits of currency devaluation and good operational performance in CIS
Quarterly production records achieved in the CIS (Combined Ukraine and Kazakhstan production up +6.7% YoY)
10% reduction in average unit iron ore cash costs
10% YoY reduction achieved
Sales
56.8
(US$ billion)
Ebitda
6.3
Operating income
4.2
Net income
1.8
Earning per share
0.62
(US$)
Net debt
11.1
Steel shipments
83.9
(million tonnes)
Crude steel production
90.8
(liquid steel in metric tonnes)
Own iron ore production
55.2
Coal production
Lost time injury frequency rate (steel and mining)
0.82
(incidents per million hours worked)
Dust emissions
0.67
(kg per tonne of steel)
CO2e emissions(steel and mining)
204
% reduction in CO2 per tonne of steel since 2007
4.6%
(2020 target: 8%)
CO2 emissions avoided through recycling of scrap and slag
40
R&D investment
239
(US$ million)
Direct economic contribution to society
56.2
January
ArcelorMittal recognised by VBDO for sustainability work in new study ‘Benchmark of Circular Business Practices’
February
Launch of Action 2020 which targets structural Ebitda improvement of US$3.0 billion and annual free cash flow in excess of US$2.0 billion, by 2020
March
GM and Ford give high honours to ArcelorMittal
April
World's first floating wind farm will use our steel
May
Our steel used in world’s largest cruise ship
June
We become a member of construction sustainability institute IBU
July
ArcelorMittal France announces winners of inaugural innovator's award
August
10th anniversary of ArcelorMittal
September
Another year of rail deliveries secured with Deutsche Bahn
October
ArcelorMittal launches Orange Book to support innovative steel design
November
Launch of new low-carbon technology partnership initiative for steel, cement and chemicals industries with Evonik, LafargeHolcim and Solvay
December
ArcelorMittal commits to a future of sustainability-driven innovation
