ArcelorMittal S.A. : ArcelorMittal holds 2013 Investor Day

          ArcelorMittal S.A. : ArcelorMittal holds 2013 Investor Day

Luxembourg and New York,  15 March 2013 -  ArcelorMittal is today holding  its 
2013 Investor Day, during which the Company will (among other things):




  *Re-iterate its 2013 guidance 

  *Announce a new management gains improvement target of US$3 billion by the
    end of 2015

  *Set out a roadmap to a normalised EBITDA^[1] per tonne of US$150 
  *Confirm that the asset optimisation introduced in Q4 2011 is expected to
    deliver savings of US$1 billion, the full impact of which should be seen
    in 2014

  *Confirm that the main components of asset optimization have now been
    announced

  *Confirm a mid-2013 net debt^[2] target of approximately $17 billion and a
    medium-term net debt target of US$15 billion; and specify that growth
    capex and dividends will not be increased until this medium-term target
    has been achieved
  *State that it expects global apparent steel consumption to increase by 3 -
    3.5% this year

  *Set out the scenario for 40 million tonnes of potential demand recovery in
    North America and Europe over the next 5 years

  *Discuss its commitment to invest and grow its franchise businesses,
    including mining and automotive

  *Discuss its technological innovations that are intended to ensure it
    remains the number one supplier to the major automotive manufacturers

  *Discuss the Company's progress in increasing iron-ore production capacity
    to 84 million tonnes, including the Phase 2 expansion in Liberia and the
    commencement of the Early Revenue Phase (ERP) for Baffinland in Canada

Presentations will  be  given by  Lakshmi  Mittal, Chairman  and  CEO;  Aditya 
Mittal,  Chief   Financial  Officer;   Gonzalo   Urquijo,  GMB   member   with 
responsibility for Asia, Africa and the  CIS (excluding China and India);  Lou 
Schorsch, GMB  member  with responsibility  for  Flat Carbon  Americas;  Peter 
Kukielski,  GMB  member  and  Chief  Executive  Mining;  Simon  Wandke,   Vice 
President, Chief Commercial Officer Mining;  and Brian Aranha, Vice  President 
of worldwide automotive.

Full copies  of the  presentations  can be  found  on the  Company's  website, 
www.arcelormittal.com.

In his presentation, Mr Mittal,  Chairman and Chief Executive, will  introduce 
the concept of  what ArcelorMittal  refers to as  its "franchise"  businesses; 
businesses in attractive  markets where  the Company has  a competitive  edge. 
Automotive, sheet piles,  mechanical tubing,  wide and  heavy hot-rolled  for 
high-strength applications  are all  examples  of franchise  businesses.  The 
Company is committed to invest to grow and expand these businesses. 

Automotive is  a key  franchise  business. ArcelorMittal  is the  number  one 
supplier to all the major automotive  manufacturers and will continue to  make 
the necessary  investments in  intellectual capital,  plant and  equipment  in 
order to maintain this.  The global automotive market  is forecast to grow  by 
24% from about  80 million  units in  2012 to  over 100  million in  2017.^[3] 
ArcelorMittal  is  well  positioned  to  serve  the  automotive  market  with 
production facilities in  the NAFTA  region, EU27, Turkey  and South  America. 
Additionally the Company's commercial  organisation covers all regions  where 
its global customers have a presence. 

ArcelorMittal is the leader in high strength steels, which are vital to ensure
steel can maintain its position as the material of choice for the auto sector.
Brian Aranha, Vice President  of worldwide automotive,  will explain how  the 
Company is consistently  expanding its  Advanced High  Strength Steels  (AHSS) 
offering. The S-in-motion program has developed a catalogue of solutions  for 
achieving up to 20%  of weight reduction with  existing products, designed  to 
satisfy the needs of vehicles produced up to 2020. The R&D program is already
working to develop the next generation  of AHSS which will be required  beyond 
2020, for example simulating steel solutions that will be required to meet the
fuel economy targets of 54mpg in the USA and 95g/km co2 in Europe. 

Peter Kukielski  will  provide an  update  on  the mining  segment  -  another 
important franchise business. The Company  has been steadily growing  iron-ore 
shipments since 2008 with  an emphasis on  growing marketable tonnes.  There 
are two significant steps remaining to reach its production capacity target of
84Mt by 2015 - expansion of ArcelorMittal Mines Canada and Liberia Phase 2.

The expansion at ArcelorMittal Mines Canada to a production capacity of 24MTPA
is expected to be completed in the  first half of 2013. This required a  $1.4 
billion capex investment.  The existing  infrastructure has  the potential  to 
support further  expansion  to 30  to  32Mtpa without  significant  additional 
capex. This is currently under study. 

Phase 2 in  Liberia has now  been approved  by the Board  of Directors.  This 
expansion will result in production capacity reaching 15MT pa in 2015 and will
require approximately $1.5  billion of  capex. The  result will  be a  higher 
quality concentrate (66% Fe) compared to the current DSO (60% Fe). Major site
works have already begun at the  port in Buchanan, including the  installation 
of a high speed ship loader.

In addition, the Company  will provide an update  on its Baffinland  project. 
The Early Revenue Phase, which requires less capital investment than the full
project, is now underway  with a goal  to reach a  3.5MT per annum  production 
rate by 2015.   The budget for  the ERP is  approximately US$700 million  and 
will require the upgrading of the road  that connects to the existing port  in 
Milne Inlet to the  mine site as well  modifications to existing permits  that 
are expected to be granted in 2013 and in the first half of 2014.  Baffinland 
is a high grade, 66% Fe direct shipping pellet and fine ore which requires  no 
processing or pelletization. 

Commenting, Lakshmi Mittal, Chairman and CEO, said:

"Going forward we  will protect  and leverage our  'franchise' businesses  as 
well as maintain a constant and rigorous focus on our costs and achievement of
best internal practice. These focal  points, combined with our leading  market 
position in developed and  emerging markets, our diverse  mix of products,  as 
well as our world class  customer service will enable  us to be successful  in 
this new operating environment."

Forward-Looking Statements
This document may contain forward-looking information and statements about
ArcelorMittal and its subsidiaries. These statements include financial
projections and estimates and their underlying assumptions, statements
regarding plans, objectives and expectations with respect to future
operations, products and services, and statements regarding future
performance. Forward-looking statements may be identified by the words
"believe," "expect," "anticipate," "target" or similar expressions. Although
ArcelorMittal's management believes that the expectations reflected in such
forward-looking statements are reasonable, investors and holders of
ArcelorMittal's securities are cautioned that forward-looking information and
statements are subject to numerous risks and uncertainties, many of which are
difficult to predict and generally beyond the control of ArcelorMittal, that
could cause actual results and developments to differ materially and adversely
from those expressed in, or implied or projected by, the forward-looking
information and statements. These risks and uncertainties include those
discussed or identified in the filings with the Luxembourg Stock Market
Authority for the Financial Markets (Commission de Surveillance du Secteur
Financier) and the United States Securities and Exchange Commission (the
"SEC") made or to be made by ArcelorMittal, including ArcelorMittal's Annual
Report on Form 20-F for the year ended December 31, 2012 filed with the SEC.
ArcelorMittal undertakes no obligation to publicly update its forward-looking
statements, whether as a result of new information, future events, or
otherwise.

About ArcelorMittal

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

ArcelorMittal is  the leader  in  all major  global steel  markets,  including 
automotive, construction, household appliances and packaging, with leading R&D
and technology, as  well as  sizeable captive  supplies of  raw materials  and 
outstanding distribution  networks. With  an industrial  presence in  over  20 
countries spanning four continents,  the Company covers all  of the key  steel 
markets, from emerging to mature.

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.

In  2012,  ArcelorMittal  had  revenues  of  $84.2  billion  and  crude  steel 
production of  88.2million tonnes,  representing  approximately 6  percent  of 
world steel output.

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: www.arcelormittal.com.

Contact information ArcelorMittal Investor Relations
Europe           + 352 4792 3198
Americas             +1 312 899 3985
Retail           + 44203214 2417
SRI                 + 44 203 214 2854  
Bonds/Credit                         + 33 171 92 10
26
Contact information ArcelorMittal Corporate Communications
E-mail: press@arcelormittal.com
Phone: +352 4792 5000
ArcelorMittal Corporate Communications
Tobin Postma (Acting Head of Media Relations) + 44 20 3214 2412
Laura Nutt                                  
+44 20 7543 1125

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

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

[1]EBITDA is defined as operating income plus depreciation, impairment
expenses and exceptional items.
[2]Net debt refers to long-term debt, plus short term debt, less cash and
cash equivalents, restricted cash and short-term investments (including those
held as part of asset/liabilities held for sale).
[3]Source: LMC Automotive. 

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Source: ArcelorMittal S.A. via Thomson Reuters ONE
HUG#1685752
 
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