ArcelorMittal S.A. : ArcelorMittal Liege announces intention to permanently close coke plant and six finishing lines

 ArcelorMittal S.A. : ArcelorMittal Liege announces intention to permanently
                   close coke plant and six finishing lines



Luxembourg, Thursday 24^th January  - 12:00 CET  - ArcelorMittal Liege  today 
with regret informed the local works  council of its intention to  permanently 
close a number of additional assets due to a further weakening of the European
economy and the resultant low demand for its products.

On  14^th  October  2011,  ArcelorMittal  Liege  announced  its  intention  to 
permanently idle the liquid phase due to structural over-capacity in  Northern 
Europe. It  was  envisaged  that in  the  future  Liege would  focus  on  its 
downstream activities, operating five core lines and seven flexible lines.

Under the flexible model, which was rejected by unions, these lines would have
operated at between 0 and 100% depending on market demand. Regrettably, since
October 2011, the economic outlook has further deteriorated. Demand for steel
in Europe dropped by a further 8 - 9% in 2012 and is now 29% below  pre-crisis 
levels. A number  of key customers  in the automotive  sector have  announced 
major  restructuring  projects  at  their  plants.  As  a  result  there   is 
insufficient demand to support the running of these flexible facilities and no
improvement is seen over the medium term.

Despite the closure of the blast furnaces, the Liege facility reported an EBIT
loss of  more  than  €200million  for  the 9  first  months  of  2012  and  no 
improvement is foreseen in 2013 due to the continued weakness of the  European 
market. This is unsustainable on an on-going basis.

The company  is  therefore  proposing  that  in  order  to  respond  to  these 
structural market  changes and  further  adapt to  the  reality of  demand  in 
Europe, the following six flexible lines need to be closed:

-     The hot strip mill in Chertal
-     One of the two cold rolling flows in Tilleur
-     Galvanisation lines 4 and 5 in Flémalle
-     Electrogalvanizing lines HP3 and 4 in Marchin

Separately organic  coating line  2 in  Ramet  will be  maintained only  as  a 
repairing line for the Combiline products.

Additionally, the company is proposing that the coke plant, which is no longer
viable due  to  the excess  supply  of coke  in  Europe, also  be  permanently 
closed.

The company plans  to continue  to operate the  five core  lines which  employ 
approximately 800  people.  These  five  lines  are  strategic  due  to  their 
dedicated high  quality  products,  specialized  processes  and  technological 
innovation.

The company recognises that this proposal will be very difficult for the local
community as it affects approximately 1,300 people. It is committed to finding
a socially  acceptable solution  for all  those affected.  This will  include 
discussions  on  all  means   to  reduce  social   impact  with  Trade   Union 
representatives, including  the possibility  of  reallocation to  other  sites 
within the Group.

Bernard Dehut, CEO, ArcelorMittal Liege, said:
"We deeply regret that the economic situation has further deteriorated to  the 
extent that the proposal of further  closures at Liege has become  necessary. 
We recognise that this is a  very difficult announcement for the employees  at 
Liege, particularly coming so soon after the closure of the primary phase. We
had hoped that  that closure would  be adequate  in terms of  adapting to  the 
reduced demand but given the continued lack of orders and overall weakness  in 
the European economy, it has become increasingly apparent that further  action 
is required if we are to stem the continued losses that the plant is reporting
and return it to a sustainable basis. We would ask the unions to please  agree 
to enter into  a constructive dialogue  with us  to secure the  future of  the 
remaining facilities in Liege."

About ArcelorMittal



ArcelorMittal is the world's leading steel and mining company, with a presence
in more than 60 countries.



ArcelorMittal is  the  leader  in  all  major  global  carbon  steel  markets, 
including automotive, construction, household  appliances and packaging,  with 
leading R&D and technology. The Group  also has a world class mining  business 
with a global portfolio of over 20 mines in operation and development, and  is 
the world's  4th  largest  iron  ore producer.  With  operations  in  over  22 
countries spanning  four  continents,  the  Company  covers  all  of  the  key 
industrial markets, from emerging to mature, and has outstanding  distribution 
networks.



Through  its   core  values   of  sustainability,   quality  and   leadership, 
ArcelorMittal commits to operating  in a responsible way  with respect to  the 
health,  safety  and  well-being  of   its  employees,  contractors  and   the 
communities in which  it operates.  It is  also committed  to the  sustainable 
management of  the environment.  It takes  a leading  role in  the  industry's 
efforts to  develop  breakthrough  steelmaking technologies  and  is  actively 
researching  and  developing  steel-based  technologies  and  solutions   that 
contribute to  combat  climate  change.  ArcelorMittal  is  a  member  of  the 
FTSE4Good Index and the Dow Jones Sustainability World Index.



In  2011,  ArcelorMittal  had  revenues  of  $94.0  billion  and  crude  steel 
production of 91.9 million  tonnes, representing approximately  6 per cent  of 
world steel output. The Group's  mining operations produced 54 million  tonnes 
of iron ore and 8 million tonnes of metallurgical coal.



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 visit: www.arcelormittal.com

Contact information ArcelorMittal Investor Relations
Europe           + 352  4792 2484
Americas           + 1 312 899 3569
Retail           + 44203214 3198
SRI                 + 44 207 543 1128  
Bonds/Credit                      + 33 171 92 10 26
Contact information ArcelorMittal Corporate Communications
E-mail: press@arcelormittal.com
Phone: +352 4792 5000
ArcelorMittal Corporate Communications
Giles Read (Head of Media Relations)      + 44 20 3214 2845
Tobin Postma                         + 44 20 3214
2412

United Kingdom
Maitland Consultancy:
Martin Leeburn                       + 44 20 7379 5151

Belgium
Sabine Huc                         +32 (0) 495 796994
Nathalie Van Laeken                  +32 (0)477 684405

France
Image 7
Sylvie Dumaine / Anne-Charlotte Creach    + 33 1 5370 7470

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Source: ArcelorMittal S.A. via Thomson Reuters ONE
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