Global steel giant ArcelorMittal announced that it has completed the USD 1 billion share buyback program it announced on 5 May 2022 under the authorization given by the annual general meeting of shareholders of 4 May 2022. By market close on 8 June 2022, ArcelorMittal had repurchased 33,349,597 shares for a total value of USD 1 billion at an approximate average price per share of EUR 28.26.ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of USD 76.6 billion and crude steel production of 69.1 million tonnes, while iron ore production reached 50.9 million tonnes.
Global steel giant ArcelorMittal announced that it has completed the USD 1 billion share buyback program it announced on 5 May 2022 under the authorization given by the annual general meeting of shareholders of 4 May 2022. By market close on 8 June 2022, ArcelorMittal had repurchased 33,349,597 shares for a total value of USD 1 billion at an approximate average price per share of EUR 28.26.ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of USD 76.6 billion and crude steel production of 69.1 million tonnes, while iron ore production reached 50.9 million tonnes.
