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ArcelorMittal S.A. : ArcelorMittal requests MoU for planned steel plant in Keonjhar is not renewed; continues with projects in

  ArcelorMittal S.A. : ArcelorMittal requests MoU for planned steel plant in
 Keonjhar is not renewed; continues with projects in Jharkhand and Karnataka

Luxembourg, July 17^th, 2013 - ArcelorMittal has met today with the Government
of Odisha's Chief Secretary to inform him that the company has decided not to
progress with its planned construction of an integrated steel plant and a
captive power plant in the district of Keonjhar.

ArcelorMittal initially planned to construct a 12 million tonne integrated
steel plant in Keonjhar and signed a Memorandum of Understanding (MoU) with
the Government of Odisha in December 2006.

Since that date, ArcelorMittal has completed important milestones such as the
completion of a feasibility report, an environmental impact assessment study
and other relevant technical reports, as well as holding eight gram sabhas
(public hearings) and investing in a number of CSR projects.

However, unfortunately the project has faced significant external delays.
ArcelorMittal has not been able to acquire the requisite land for the steel
plant, nor has it been able to ensure captive iron ore security, which is a
necessary requirement for the project. Therefore, taking into account the
current economic climate, ArcelorMittal has concluded it will no longer be
pursuing its plans for a steel plant in Keonjhar at this stage.

This announcement does not affect ArcelorMittal's plan to pursue its two other
Indian projects in Jharkhand and Karnataka.

Vijay Bhatnagar, executive vice president and member of the management
committee, CEO of India and China: "Over the last seven years we have invested
considerable resources into this project; however, the delays relating to land
acquisition and allocation of captive iron ore blocks means this project is no
longer viable. Nevertheless, we will continue to pursue our other two
projects in Jharkhand and Karnataka, both of which are making steady
progress."

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

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Source: ArcelorMittal S.A. via Thomson Reuters ONE
HUG#1717044
 
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