) has been acknowledged by the U.S. Department of Energy (DOE)
for its leadership in the Better Buildings, Better Plants
Programme. The program supports the Obama administration's target
of increasing energy productivity in the U.S. by 2030.
ArcelorMittal joined the program in Aug 2013 and is committed
to reducing its energy intensity by 10% across 17 plants. The
company remains optimistic about working with the department of
energy and other partner companies to enhance its energy
management efforts, thereby reducing greenhouse gas emissions,
protecting the environment and improving the sustainability of
As part of the Better Buildings, Better Plants Programme,
ArcelorMittal conducted an energy efficiency training program.
Through it, the staff was given hands-on technical training to
help find new opportunities for cutting energy use and saving
Energy is one of the most expensive factors in steel-making
process with more than $200 billion spent on powering commercial
buildings, and another $200 billion on expenses for power
manufacturing facilities across the U.S. Thus, to ensure energy
bill savings, President Obama introduced the Better Buildings
challenge in 2011.
Furthermore, through the Better Plants Programme, the U.S.
energy department is partnering with more than 120 manufacturers
across the country. The energy department also recognized
) under the programme after ArcelorMittal.
ArcelorMittal, is expanding its steel-making capacity and raw
materials self-sufficiency through a combination of brownfield
growth, new greenfield projects and acquisition opportunities,
mainly in emerging markets. The company is also highly focused on
narrowing debt, lowering costs and improving efficiency. On the
cost-saving front, ArcelorMittal is progressing with a new $3
billion cost optimization program that mostly focuses on variable
cost reductions in its plants.
ArcelorMittal currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the steel and related industries
Companhia Siderurgica Nacional
United States Steel Corp
). While Companhia Siderurgica holds a Zacks Rank #1 (Strong
Buy), United States Steel has a Zacks Rank #2 (Buy).
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