MT ArcelorMittal

TIDMMT 
 
 
   21 March 2019 -- ArcelorMittal 
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(the 'Company'), the world's leading steel and mining company, hosted an 
investor event at the ArcelorMittal Italia facility in Taranto (Italy) 
on 19 and 20 March. 
 
   The event focused on the strategic initiatives the Company is 
undertaking to transform ArcelorMittal Italia into a modern, 
best-in-class, integrated steel producer, capable of producing 
high-quality products, satisfying its natural customer base and 
re-establishing a trusted and transparent relationship with the local 
community and other key stakeholders. 
 
   Presentations by members of the Company's senior management, 
highlighted: 
 
 
   -- The change from Ilva to ArcelorMittal Italia and plans and priorities to 
      transform the plant into a high-performing, low cost, top-tier 
      steelmaking asset, with a comprehensive product offering; 
 
   -- The progress made at ArcelorMittal Italia since ArcelorMittal assumed 
      ownership of Ilva on 1 November 2018, and the strategies to improve in 
      four key areas: health and safety; environment; industrial plan to turn 
      around the plant; plans to fully integrate ArcelorMittal Italia into the 
      ArcelorMittal Europe Flat Products business; 
 
   -- An overview of ArcelorMittal Italia's key business philosophy -- 
      'buy-make-sell'. ArcelorMittal Italia will look to leverage 
      ArcelorMittal's size and expertise in improving the efficiency of 
      underperforming assets and ensuring business continuity in raw materials, 
      maintenance and repair; and utilise Italy's position as Europe's second 
      largest steel consuming market and ArcelorMittal Italia's role as a 
      relevant local producer; 
 
   -- ArcelorMittal Italia's performance to date: on track to reach a 6 million 
      tonne annual run-rate in 2019, with crude steel production to increase to 
      8 million tonnes per annum once the Company's environmental investment 
      programme has been completed; continue to expect ArcelorMittal Italia to 
      be Ebitda positive in year one and free cash flow positive in year 3; 
 
   -- ArcelorMittal Italia's EUR2.4 billion investment plan, EUR1.15 billion of 
      which allocated to the environmental projects, including raw material 
      yards, water treatment, sinter plants filters, and coke plants revamping; 
 
   -- An overview of ArcelorMittal's European flat products business 
      highlighting: leadership position in the European flat market; ongoing 
      efforts to drive further productivity gains; its ongoing investment 
      programme; progress in improving product capabilities and developing its 
      range of higher added value products; 
 
   -- Action 2020 progress across ArcelorMittal Europe Flat Products, with a 
      focus on the Transformation plan, digitalisation and cost efficiency, all 
      of which enables the company to outperform the competition; 
 
   -- The equally impactful next phase in the Transformation plan, driven by 
      digitalisation, positioning the company to increase the performance gap 
      compared to competitors 
 
   -- The investments being made in breakthrough technologies to tackle the 
      carbon challenge and maintain industry leadership through innovation. 
 
 
   Speakers included Aditya Mittal, Group President and CFO, and CEO of 
ArcelorMittal Europe, Geert Van Poelvoorde, CEO of ArcelorMittal Europe 
Flat Products, and Matthieu Jehl, CEO ArcelorMittal Italia. 
 
   Full copies of the presentations can be found on the company's website: 
 
   https://www.globenewswire.com/Tracker?data=Foi0njoomZm85Z09o8vo9gvX_85MvveIz6IUiC94wtesToHl16_OmlXLZe5EjmOejvxsHn2t1KFRIfQApEyIn_97YiDRjS6_7xxWKbKh43_JTBWsaNmLFecMOW_dc_uU1Fi0KXJvi9FZ-mCrm-Jt3B2IOCT3cJrEK56TKCqpeasMAbalVLLNc4pvrcDWQA5x94EOEz4JnsotevLZBBaIFA== 
https://corporate.arcelormittal.com/investors/taranto-plant-tour 
 
   - Ends - 
 
   About ArcelorMittal 
 
   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 2018, ArcelorMittal had revenues of $76.0 billion and crude steel 
production of 92.5 million metric tonnes, while own iron ore production 
reached 58.5 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                                                   +44 20 7543 1156 
Americas                                                  +1 312 899 3985 
Retail                                                   +44 20 7543 1156 
SRI                                                       +44 207543 1156 
Bonds/Credit                                              +33 171 921 026 
 
 
Contact information ArcelorMittal 
 Corporate Communications 
 
                                           mailto:press@arcelormittal.com 
  E-mail:                                         press@arcelormittal.com 
                                         -------------------------------- 
Phone:                                                      +442076297988 
 
 
ArcelorMittal Corporate Communications 
 
Paul Weigh                                               +44 20 3214 2419 
 
 
 
 
 
 

(END) Dow Jones Newswires

March 21, 2019 11:11 ET (15:11 GMT)

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