Profile: ArcelorMittal SA (MT)

ArcelorMittal, incorporated on August 13, 2004, is a global steel producer. The Company has steel-making operations in 20 countries on four continents, including 66 integrated, mini-mill and integrated mini-mill steel-making facilities. ArcelorMittal operates its business in six operating segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa and Commonwealth of Independent States (CIS) (AACIS); Stainless Steel; and Arcelor Mittal Steel Solutions and Services. ArcelorMittal’s steel-making operations have a high degree of geographic diversification. Approximately 36% of its steel is produced in the Americas, approximately 49% is produced in Europe and approximately 15% is produced in other countries, such as Kazakhstan, South Africa and Ukraine. ArcelorMittal produces a range of finished, semi-finished carbon steel products and stainless steel products. It produces flat products, including sheet and plate, long products, including bars, rods and structural shapes, and stainless steel products. ArcelorMittal sells its products primarily in local markets and through its centralized marketing organization to a range of customers in approximately 180 countries, including the automotive, appliance, engineering, construction and machinery industries.

In July 2009, the Company completed the acquisition of Noble European Holdings B.V. (Noble BV), a Dutch private limited liability company engaged in laser welded blanks operations primarily in Europe. On July 16, 2008, ArcelorMittal announced that it acquired the remaining 60% of the shares that it did not previously own in Rolanfer Recyclage S.A., which operates a port shredder in Yutz, France, (near the border of Luxembourg). On July 25, 2008, ArcelorMittal acquired a 70% stake in Manchester Tubos e Perfilados S.A, a Brazilian steel processor and distributor located in Contagem, Minas Gerais, Brazil. On February 4, 2008, ArcelorMittal announced that it acquired from Clarion Del Norte (Pujol Group) the 50% interest in Laminadora Costarricense S/A and Trefileria Colima S/A that it did not own. On July 14, 2008, ArcelorMittal acquired from Primex (Germany) a 35% stake in Uginox Sanayi ve Ticaret Limited Sirketi of Turkey. On July 1, 2008, ArcelorMittal acquired Astralloy Steel Products Inc. (Astralloy), a subsidiary of IMS International Metal Service.

Flat Carbon Americas

Flat Carbon Americas produces slabs, hot-rolled coil, cold-rolled coil, coated steel products and plate. These products are sold primarily to customers in the industries, such as distribution and processing, automotive, pipes and tubes, construction, packaging, and appliances. In Flat Carbon Americas, production facilities are located at eight integrated and mini-mill sites located in four countries. During the year ended December 31, 2008, shipments from Flat Carbon Americas totaled 25.8 million tones. ArcelorMittal’s Flat Carbon Americas segment has production facilities in both North and South America, including the United States, Canada, Brazil and Mexico.

ArcelorMittal USA has 20 production facilities, consisting of four integrated steel-making plants, one basic oxygen furnace/compact strip mill, six electric arc furnace plants, seven finishing plants, and two coke-making operations. ArcelorMittal USA also owns interests in various joint ventures that support these facilities, as well as numerous raw material, railroad and transportation assets. ArcelorMittal USA’s operations include both flat carbon and long carbon production facilities. ArcelorMittal USA’s main flat carbon operations include integrated steel-making plants at Indiana Harbor (East and West), Burns Harbor and Cleveland.

ArcelorMittal USA operates an iron ore mine through its wholly owned subsidiary ArcelorMittal Minorca, and owns a majority stake in Hibbing Taconite Company, which is the owner of a mine managed by Cleveland-Cliffs Inc. ArcelorMittal USA operates an iron ore mine through its wholly-owned subsidiary ArcelorMittal Minorca, and owns a majority stake in Hibbing Taconite Company, which is the owner of a mine managed by Cleveland-Cliffs Inc. ArcelorMittal Tubarao (AMT), a wholly owned subsidiary of ArcelorMittal Brasil, has two major production facilities: the Tubarao integrated steel making facility, located in Espirito Santo state, Brazil and the Vega finishing complex, located at Sao Francisco do Sul, in Santa Catarina state, Brazil.

ArcelorMittal Lszaro Cardenas (AMLC) operates a pelletizer plant, two direct reduced iron plants, electric arc furnace-based steel-making plants and continuous casting facilities. ArcelorMittal Mines Canada is a North American producer of iron ore products, including concentrate and several types of pellets. It holds mining rights over 60,000 hectares of land in the province of Quebec, Canada. ArcelorMittal Mines Canada operates the Mont-Wright Mine and concentrator at Fermont in northeastern Quebec.

Flat Carbon Europe

Flat Carbon Europe produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate and slab. These products are sold primarily to customers in the automotive, general industry and packaging industries. During 2008, shipments from Flat Carbon Europe totaled 33.5 million tones. In Flat Carbon Europe, production facilities are located at 13 integrated and mini-mill sites located in eight countries. ArcelorMittal’s Flat Carbon Europe segment has production facilities in Western and Eastern Europe, including Germany, Belgium, France, Spain, Italy, Luxembourg, Romania, Poland, Macedonia, Estonia and the Czech Republic.

ArcelorMittal Bremen GmbH is a fully integrated and automated plant, with four million tones of crude steel annual production capacity. ArcelorMittal Bremen has primary and finishing facilities, and contains one sinter plant, two blast furnaces, one steel shop with two basic oxygen converters, one vacuum degassing line, one continuous slab caster and one hot strip mill for the primary facility. ArcelorMittal Bremen produces and sells a range of products, including slab, hot-rolled, pickled, cold-rolled and hot dip galvanized rolls to the automotive and primary transformation sectors.

ArcelorMittal Atlantique is part of ArcelorMittal Atlantique et Lorraine, which is wholly owned by ArcelorMittal France. It has four plants in the north of France, located in Dunkerque, Mardyck, Montataire and Desvres. ArcelorMittal Atlantique produces and markets a large range of products, including slabs, hot -rolled, pickled, galvanized, color-coated coils and composite products. ArcelorMittal Atlantique’s products are sold principally in the regional market in France and Western Europe, particularly in the automotive market. During 2008, ArcelorMittal Eisenhuttenstadt produced 1.8 million tones of crude steel. ArcelorMittal Eisenhuttenstadt produces and sells a range of products, including hot-rolled, cold-rolled, electrical and hot dip galvanized and organic-coated rolls to automotive, distribution, metal processing, construction and appliances industry customers in Germany, Central and Eastern Europe. ArcelorMittal Mediterranee operates a flat carbon steel plant in Fos-sur-Mer. It also operates a finishing plant for electrical steels located in Saint-Chely, 300 kilometers north of Fos-sur-Mer. Its other subsidiaries include ArcelorMittal Piombino S.p.a., ArcelorMittal Dudelange, ArcelorMittal Sagunto, ArcelorMittal Sestao, ArcelorMittal Packaging S.A., Industeel Belgium and Industeel France, ArcelorMittal Poland, ArcelorMittal Galati S.A., ArcelorMittal Ostrava and ArcelorMittal Annaba.

Long Carbon Americas and Europe

Long Carbon Americas and Europe produces sections, wire rod, rebars, billets, blooms and wire drawing. In Long Carbon Americas, production facilities are located at 15 integrated and mini-mill sites located in six countries, while in Long Carbon Europe production facilities are located at 18 integrated and mini-mill sites in ten countries. During 2008, shipments from Long Carbon Americas and Europe totaled approximately 27.1 million tones. The segment has production facilities in North and South America and Europe, including the United States, Canada, Brazil, Argentina, Costa Rica, Mexico, Trinidad, Spain, Germany, France, Luxembourg, Italy, Poland, Romania, Morocco, Algeria, Bosnia and Herzegovina and the Czech Republic.

ArcelorMittal Brasil’s steel production facilities include one integrated plant (the Joao Monlevade plant in Brazil), one semi-integrated steel plant (the Villa Constitucion plant in Argentina), three mini-mills (the Juiz de Fora, Piracicaba and Vitoria plants-Brazil), nine wire plants and three plants that produce transformed steel products. In addition, ArcelorMittal Brasil, through its subsidiary ArcelorMittal Florestas, produces charcoal from eucalyptus forestry operations that is used to fuel its furnaces in Juiz de Fora and or to exchange for pig iron with local producers, and through the jointly controlled entity Guilman Amorin, produces energy used to supply the Joao Monlevade plant. ArcelorMittal Mineracao Serra Azul is an iron ore producer located in the Minas Gerais state of Brazil. It supplies lump ore for local pig iron producers. ArcelorMittal Point Lisas’ principal production facilities comprise three direct reduced iron plants, two electric arc furnaces, two continuous casters for billets and one wire rod mill.

Asia, Africa and Commonwealth of Independent States

AACIS produces a combination of flat and long products and pipes and tubes. It has six flat and long production facilities in three countries. During 2008, shipments from Asia, Africa and CIS totaled approximately 13.3 million tones, with shipments having been made worldwide. It has production facilities in Asia and Africa, including Kazakhstan, Ukraine, South Africa and Russia.

ArcelorMittal South Africa is a steel producer in Africa and has an installed capacity of approximately 8.2 million metric tonnes of liquid steel. During 2008, ArcelorMittal South Africa produced 5.531 million tonnes of crude steel. ArcelorMittal Kryviy Rih’s integrated steel plant consists of eight coke oven plants (including two coke oven plants under reconstruction), three sintering plants, six blast furnaces (including three under reconstruction), six basic oxygen furnaces, two open hearth furnaces, two blooming mills and six light section/bar mills, and three wire rod mills. ArcelorMittal Kryviy Rih’s product range includes billets, rounds, rebar and light sections, including squares, angles and strips. ArcelorMittal Northern Kuzbass in Siberia, Russia includes the Berezovskaya, Pervomayskaya and Anzherskaya mines, as well as the Severnaya coal washery. The main consumers of the coal and concentrate produced are ArcelorMittal Kriviy Rih, ArcelorMittal Temirtau and ArcelorMittal’s Eastern European plants.

Stainless Steel

Stainless Steel produces flat and long stainless steel and alloy products from its plants in Europe and South America. In the Americas, production facilities are located at one integrated site located in one country, while in Europe production facilities are located at four mini-mill sites in two countries. The products produced by Stainless Steel are sold to customers primarily in the industries, such as domestic appliances and household equipment, automotive, construction, and general industry. During 2008, shipments from Stainless Steel totaled approximately 2 million tones. It has production facilities in South America and Europe, including Brazil, France and Belgium.

ArcelorMittal Inox Brasil S.A. (AMIB) is an integrated producer of flat stainless and silicon steel in Latin America. Its steel mill in Timoteo, in the Vale do Aco, Minas Gerais state, Brazil, has an annual production capacity of 0.9 million tones of liquid steel. The upstream facilities of ArcelorMittal Stainless Europe (AMSE) consist of two steel-making plants in Belgium (Genk and Chatelet). ArcelorMittal Stainless & Nickel Alloys (AMSNA), is engaged in the design, production and transformation of nickel and cobalt alloys, as well as in certain specific stainless steels.

Steel Solutions and Services

Steel Solutions and Services is primarily an in-house trading and distribution arm of ArcelorMittal. It also provides value-added and customized steel solutions through further steel processing to meet specific customer requirements. ArcelorMittal Steel Solutions and Services has many small to medium-sized service centers and warehouses. ArcelorMittal Steel Solutions and Services consist of eight operational units: ArcelorMittal Distribution, ArcelorMittal Steel Service Center, ArcelorMittal Construction, ArcelorMittal International, ArcelorMittal Projects, ArcelorMittal Total Offer Processing, ArcelorMittal Wire Solutions, and ArcelorMittal Steel Solutions and Services International Development.

ArcelorMittal Distribution is a multi-customer, multi-service and multi-product distributor. It has a regional network of multi-specialist agencies and a series of central and shared stocks that provide a full range of products on demand, including flat, long, technical and special steels, to its customers. ArcelorMittal Steel Service Center processes flat carbon steel products, and delivers a logistics service to the automotive and other industrial markets. ArcelorMittal Construction produces light steel-based solutions for cladding, roofing, floors and gutters, assisting customers in the European Union, Russia, Lithuania, China, Brazil, Indian Ocean and the Caribbean.