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ArcelorMittal NY Registered Shs (MT) Q1 2021 Earnings Call Transcript


Vice president-Corporate Finance and Head of Investor Relations
Good day, everybody. This is Daniel Fairclough from the ArcelorMittal Investor Relations team. Thank you for joining this call today to discuss the results and progress we ve achieved in the first quarter of 2021. Present on this call today, we have Aditya Mittal, our CEO, we have Genuino Christino, CFO and we also have Simon Wandke, Head of Mining.
On our website this morning, we published our results presentation with detailed speaker notes. So as usual in order to be as efficient as possible the intention today is just to have some opening remarks from Aditya and then move directly to the Q&A session. [Operator Instructions] ....

United States , South Africa , Pais Vasco , Minas Gerais , Morgan Stanley , Seth Rosenfeld Exane , Philip Gibbs Keybanc , Genuinom Christino , Goldman Sachs , Genuino Christino , Simonc Wandke , Christian Georges Societe Generale , Alain Gabriel Morgan Stanley , Simon Wandke , Daniel Fairclough , Aditya Mittal , Jack Obrien Goldman Sachs , Rochus Brauneiser Kepler Cheuvreux , Patrick Mann Bank , Bastian Synagowitz Deutsche Bank Analyst , Bastian At Deutsche Bank , Alan Spence Jefferies International Ltd Analyst , Investment Research Analyst , Jp Morgan , Patrick At Bank , Corporate Finance ,

ArcelorMittal reports fourth quarter 2020 and twelve months 2020 results


Commenting, Mr. Lakshmi N. Mittal, ArcelorMittal Executive Chairman, said:
“2020 was a year of enormous challenge as countries, societies and businesses across the world grappled with the disruption caused by the COVID-19 pandemic. The impact on the steel industry was significant, but I am very proud of the resilience and enterprise shown by our people across the business which enabled ArcelorMittal to deliver a solid operating performance in times of adversity. We have fantastic teams across our operations.
Indeed, 2020 was a milestone year for the Company. Achieving our $7 billion net debt target marked the end of a long-term deleveraging program, and the start of a new phase which will allow the Company to focus on delivering sustainable shareholder returns as we continue to transform for the future. This process will be supported by changes we made to our portfolio, increasing the quality of its earnings potential, and by the investments we are making in high-growth ....

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