ArcelorMittal (ADR) 2020年年度报告「NYSE」.pdf

1、Table of ContentsPageManagement reportIntroductionCompany overview3History and development of the Company3Cautionary Statement Regarding Forward-looking statements 9Key transactions and events in 202010Risk Factors14Business overviewBusiness strategy35Research and development36Sustainable developmen

2、t40Products54Sales and marketing58Insurance59Intellectual property59Government regulations60Organizational structure65Properties and capital expendituresProperty,plant and equipment68Capital expenditures90Reserves and Resources(iron ore and coal)92Operating and financial reviewEconomic conditions98O

3、perating results119Liquidity and capital resources131Disclosures about market risk136Contractual obligations138Outlook139Management and employeesDirectors and senior management140Compensation147Corporate governance163Employees172Shareholders and marketsMajor shareholders177Related party transactions

4、179Markets180New York Registry Shares180Purchases of equity securities by the issuer and affiliated purchasers181PageShare capital182Additional informationMemorandum and Articles of Association182Material contracts191Exchange controls and other limitations affecting security holders193Taxation194Eva

5、luation of disclosure controls and procedures198Managements report on internal control over financial reporting 198Glossary-definitions,terminology and principal subsidiaries200Chief executive officer and chief financial officers responsibility statement202Consolidated financial statements for the y

6、ear ended December 31,2020203Consolidated statements of operations204Consolidated statements of other comprehensive income205Consolidated statements of financial position206Consolidated statements of changes in equity207Consolidated statements of cash flows208Notes to the consolidated financial stat