World’s leading steel and mining company ArcelorMittal has hosted an investor and analyst event at AM/NS India’s flagship plant at Hazira in Gujarat emphasizes strong recent progress at AM/NS India and the scope of work being undertaken to further strengthen and grow the business. The event focused on the progress AM/NS India has achieved since the acquisition completed and the strategic initiatives being undertaken to transform AM/NS India into a best-in-class, integrated steel producer capable of producing high-added value products, grow its domestic market share and play a leading role in the growth of the Indian steel industry. The presentations given by ArcelorMittal CEO & Chairman of AM/NS India Mr Aditya Mittal & members of the AM/NS India management committee, focused on 1. AM/NS India’s commitment to reaching levels of industry excellence in all aspects of ESG performance, with a specific focus on health and safety, diversity and inclusion and decarbonization2. The scope and scale of AM/NS India’s steelmaking business and its leading position in the Indian steel industry3. The improvement achieved in AM/NS India’s financial and operational performance since acquisition, with significant growth in its steel production and Ebitda generation, and strong progress in reducing net debt and strengthening its balance sheet 4. Efforts to secure the company’s supply chain and enhance profitability through several strategic acquisitions of a range of assets including slurry pipelines, iron ore mines, ports, power plants and land4. How AM/NS India intends to lead the decarbonization of the Indian steel industry by integrating renewables into its energy supply chain and exploring the use of a range of decarbonization technologies over the next decade5. The significant market growth opportunity India presents and AM/NS India’s strategy to play a leading role in the development of the Indian steel industry by expanding the capacity of its Hazira plant, initially to about15 million tonnes by early 2026 in the first phase of its expansionThe planned expansion of the Hazira facility comes almost three years since the asset was acquired and renamed AM/NS India. Since then, AM/NS India has made strong progress on performance and debottlenecking at Hazira by applying the global best practices of its parent companies and investing in technology and R&D. The company is now a self-sustaining, free cash-flow generating business, strongly positioned in a rising market to deliver long-term value to its employees, its communities, the Indian steel industry, and its shareholders. Downstream Strategy Focused on High-Value Steels1. Downstream investment of USD 1 billion ongoing2. Investing in CGL3/CGL4/CGal/PLTCM3, Anticipate acquisition of Uttam Galva (1.2 million tonne per annum): cold rolled, color coated and galvanized steel processing; awaiting final approval from National Company Law Tribunal4. Exploring other M&A opportunities
World’s leading steel and mining company ArcelorMittal has hosted an investor and analyst event at AM/NS India’s flagship plant at Hazira in Gujarat emphasizes strong recent progress at AM/NS India and the scope of work being undertaken to further strengthen and grow the business. The event focused on the progress AM/NS India has achieved since the acquisition completed and the strategic initiatives being undertaken to transform AM/NS India into a best-in-class, integrated steel producer capable of producing high-added value products, grow its domestic market share and play a leading role in the growth of the Indian steel industry. The presentations given by ArcelorMittal CEO & Chairman of AM/NS India Mr Aditya Mittal & members of the AM/NS India management committee, focused on 1. AM/NS India’s commitment to reaching levels of industry excellence in all aspects of ESG performance, with a specific focus on health and safety, diversity and inclusion and decarbonization2. The scope and scale of AM/NS India’s steelmaking business and its leading position in the Indian steel industry3. The improvement achieved in AM/NS India’s financial and operational performance since acquisition, with significant growth in its steel production and Ebitda generation, and strong progress in reducing net debt and strengthening its balance sheet 4. Efforts to secure the company’s supply chain and enhance profitability through several strategic acquisitions of a range of assets including slurry pipelines, iron ore mines, ports, power plants and land4. How AM/NS India intends to lead the decarbonization of the Indian steel industry by integrating renewables into its energy supply chain and exploring the use of a range of decarbonization technologies over the next decade5. The significant market growth opportunity India presents and AM/NS India’s strategy to play a leading role in the development of the Indian steel industry by expanding the capacity of its Hazira plant, initially to about15 million tonnes by early 2026 in the first phase of its expansionThe planned expansion of the Hazira facility comes almost three years since the asset was acquired and renamed AM/NS India. Since then, AM/NS India has made strong progress on performance and debottlenecking at Hazira by applying the global best practices of its parent companies and investing in technology and R&D. The company is now a self-sustaining, free cash-flow generating business, strongly positioned in a rising market to deliver long-term value to its employees, its communities, the Indian steel industry, and its shareholders. Downstream Strategy Focused on High-Value Steels1. Downstream investment of USD 1 billion ongoing2. Investing in CGL3/CGL4/CGal/PLTCM3, Anticipate acquisition of Uttam Galva (1.2 million tonne per annum): cold rolled, color coated and galvanized steel processing; awaiting final approval from National Company Law Tribunal4. Exploring other M&A opportunities
