Investor and Analyst Day Overview

On September 25th, ArcelorMittal held an investor day at AM/NS India’s Hazira plant to highlight the joint venture’s progress.

Key Highlights

The event featured a site tour and presentations by CEO Aditya Mittal and AM/NS India management.

• Performance: Since 2019, AM/NS India has achieved record production and generated $5.8 billion in cash for growth.
• Expansion Plans: The Hazira project aims to increase steel capacity from 9 million tons (Mt) to 15 Mt by 2026, with a total investment of $7.7 billion.
• Future Growth: Plans for further phases target 18 Mt by 2028 and 24 Mt by the end of the decade.

Sustainability Goals

AM/NS India plans to cut carbon intensity by 20% by 2030 and invest $0.7 billion in renewable energy.

Recent Achievements

The plant has completed a $0.8 billion project to enhance production capacity, exceeding 8 Mt in 2024.