ArcelorMittal ranked 99th on Fortune Global 500 list

In this year’s Fortune Global 500, ArcelorMittal has been officially ranked at number 99 based on legal figures in accordance with International Accounting Standards. As a point of interest, if these rankings had been based on pro forma numbers, ArcelorMittal would have ranked as 48th largest!

The all-important annual ranking of the Fortune Global 500 is anxiously awaited by industry watchdogs and stakeholders across the full spectrum of businesses. The official list was released Wednesday July 11 and now appears in Fortune’s July 23 issue. The ranking is based on revenues, with retail giant Wal-Mart Stores topping the list and six of the top 10 companies coming from the oil industry due to the skyrocketing energy prices.

ArcelorMittal is listed as 99 based on legal figures with a profit of approx 5.2 billion dollars on revenue of approx 59 billion. It is interesting to note, that if these rankings had been based on the pro forma numbers – showing sales of more than 88 billion and a top line profit of 15.3 billion – ArcelorMittal would have ranked as 48th largest! Additionally, ArcelorMittal also ranks as number 4 in the category of fastest growing company by revenues. The company has grown by 109.3% compared with last year’s numbers and is now the 26th biggest employer in the world.

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