MT ArcelorMittal

TIDMMT 
 
   Luxembourg, 19 October 2018 - ArcelorMittal confirms it has been 
informed by the Committee of Creditors ("CoC") for Essar Steel India 
Limited ("ESIL") that it has been evaluated to be the H1 Resolution 
Applicant (the preferred bidder) in the corporate insolvency resolution 
process for ESIL. 
 
   The company will now enter into further final negotiations with the CoC. 
 
 
   ENDS 
 
   ArcelorMittal is the world's leading steel and mining company, with a 
presence in 60 countries and an industrial footprint in 18 countries. 
Guided by a philosophy to produce safe, sustainable steel, we are the 
leading supplier of quality steel in the major global steel markets 
including automotive, construction, household appliances and packaging, 
with world-class research and development and outstanding distribution 
networks. 
 
   Through our core values of sustainability, quality and leadership, we 
operate responsibly with respect to the health, safety and wellbeing of 
our employees, contractors and the communities in which we operate. 
 
   For us, steel is the fabric of life, as it is at the heart of the modern 
world from railways to cars and washing machines. We are actively 
researching and producing steel-based technologies and solutions that 
make many of the products and components people use in their everyday 
lives more energy efficient. 
 
   We are one of the world's five largest producers of iron ore and 
metallurgical coal. With a geographically diversified portfolio of iron 
ore and coal assets, we are strategically positioned to serve our 
network of steel plants and the external global market. While our steel 
operations are important customers, our supply to the external market is 
increasing as we grow. 
 
   In 2017, ArcelorMittal had revenues of $68.7 billion and crude steel 
production of 93.1 million metric tonnes, while own iron ore production 
reached 57.4 million metric tonnes. 
 
   ArcelorMittal is listed on the stock exchanges of New York (MT), 
Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock 
exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). 
 
   For more information about ArcelorMittal please visit: 
http://corporate.arcelormittal.com/ 
 
 
 
 
 
Contact information ArcelorMittal 
 Investor Relations 
 
Europe                                                                         +442075431156 
Americas                                                                        +13128993985 
Retail                                                                         +442075431156 
SRI                                                                            +442075431156 
Bonds/Credit                                                                    +33171921026 
 
 
Contact information ArcelorMittal 
 Corporate Communications 
 
  E-mail:                             mailto:press@arcelormittal.com press@arcelormittal.com 
                                    -------------------------------------------------------- 
Phone:                                                                         +442076297988 
 
 
ArcelorMittal Corporate 
 Communications 
 
Paul Weigh                                                                     +442032142419 
 
 
France 
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Sylvie Dumaine / Anne-Charlotte 
 Creach                                                                         +33153707470 
                                    -------------------------------------------------------- 
 
 
 
 
 

(END) Dow Jones Newswires

October 19, 2018 13:38 ET (17:38 GMT)

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