ArcelorMittal S.A. : ArcelorMittal Flat Carbon Europe reports €2,212 million Q4 2012 operating loss

 ArcelorMittal S.A. : ArcelorMittal Flat Carbon Europe reports €2,212 million
                            Q4 2012 operating loss

Luxembourg, February 6^th, 2013 - ArcelorMittal today announced results for
its Flat Carbon Europe segment for the fourth quarter and full year of 2012.

The segment recorded an operating loss of €2,212 million for the fourth
quarter of 2012 which includes impairments and restructuring costs but
excludes interest and tax costs. The total operating loss for the full year
was €2,855 million.Operating results in 4Q 2012 included a $2.5 billion write
down of goodwill due to the weaker macro economic and market environment in

  *Compared to 3Q 2012, the segment's crude steel production fell 5.1% to 6.4
    Mt in 4Q 2012 as inventory levels were reduced and output was aligned with
    local market demand levels. For the year as a whole production dropped by
    7% to 27.4 Mt

  *Steel shipments for 4Q 2012 increased to 6 Mt, a small increase of 2.1% as
    compared to 5.8 Mt for 3Q 2012 due to a mild pick up following the
    seasonally weaker summer period. However, a decrease of 4% was recorded
    for the year as a whole to 26 Mt when compared to 27.1Mt in 2011

  *Sales were €4.7 billion for 4Q 2012, a marginal decrease of 2.8% as
    compared to €4.8 billion for 3Q 2012 due to lower prices; while for the
    year as a whole there was a decrease of 5.1% to €21.1 billion

  *Capital expenditure in the segment for the fourth quarter of 2012 was €116
    million and for full year 2012 CAPEX spend reached €637 million

Eurozone GDP has contracted almost every quarter since Q4'2011. Investment and
consumption are likely to  decline again, as unemployment  (a record level  of 
11.8%) and declining credit weigh on retail sales, down 2.6% y-o-y in December
2012. With Greece still facing important  debt issues, Spain and Italy  facing 
extended recessions, the Eurozone is likely to remain in recession, with  2013 
GDP down -0.2% y-o-y. Auto demand was  very weak during 2012, with sales  down 
8.4% to levels not seen since mid of the 1990's. Apparent steel demand in  the 
European Union in 2012 is estimated to have declined almost 9% for the year as
a whole and by  over 3% in Q4  alone. EU demand is  now almost 30% below  2007 

Robrecht Himpe, CEO  of Flat  Carbon Europe  and member  of the  ArcelorMittal 
Management Committee, said "Underlying steel demand remains weak in Europe and
looks set to remain  so in 2013.  Our customers are  continuing to scale  back 
capital investment in  response. During  the last quarter  we've continued  to 
implement measures to respond to this situation, to deliver excellent  service 
to our customers and to become more cost competitive. The essential components
of asset optimization have  been announced. While some  of these measures  and 
projects are not  easy for  our employees,  we will  always strive  to find  a 
socially acceptable solution for all those possibly affected." 

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 

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:

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
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
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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