ArcelorMittal S.A. : ARCELORMITTAL REPORTS SECOND QUARTER 2013 AND HALF YEAR 2013 RESULTS

 ArcelorMittal S.A. : ARCELORMITTAL REPORTS SECOND QUARTER 2013 AND HALF YEAR
                                 2013 RESULTS

Luxembourg, August 1, 2013 - ArcelorMittal (referred to as "ArcelorMittal"  or 
the "Company") (MT  (New York, Amsterdam,  Paris, Luxembourg), MTS  (Madrid)), 
the world's leading  steel company, today  announced results[1]for the  three 
and six month periods ended June 30, 2013.
Highlights[2]:

  *Health and safety performance maintained in 2Q 2013 with a LTIF rate[3]
    of 0.9x
  *EBITDA[4] of $1.7 billion in 2Q 2013, representing a 19% underlying
    improvement compared to 1Q 2013[5] 
  *Steel shipments of 21.3 Mt in 2Q 2013, an increase of 1.7% as compared to
    1Q 2013
  *2Q 2013 own iron ore production of 15 Mt, up +3.8% YoY; 8.2 Mt shipped and
    reported at market price[6] , flat YoY
  *Net debt[7] decreased to $16.2 billion as of June 30, 2013, driven by
    improved cash flow from operations ($2.4 billion) and M&A proceeds ($0.3
    billion)
  *$0.6 billion annualized management gains achieved during 1H 2013, in line
    with plan to achieve $3 billion of cost improvement by the end of 2015
  *Completion of AMMC capacity expansion from 16 Mt to 24 Mt; iron ore
    production to ramp-up during 2H 2013

Outlook and guidance:

  *In line with our guidance framework, underlying profitability is still
    expected to improve in 2013, driven by three factors: a) a 1-2% increase
    in steel shipments; b) an approximate 20% increase in marketable iron ore
    shipments; and c) the realized benefits from Asset Optimization and
    Management Gains initiatives
  *Nevertheless, due largely to lower than forecast apparent demand and lower
    than anticipated raw material prices, the Company now expects to report
    2013 EBITDA greater than $6.5 billion
  *Due to an expected investment in working capital and the payment of the
    annual dividend, net debt is expected to increase in 2H 2013 to
    approximately $17 billion; the $15 billion medium term net debt target is
    unchanged
  *2013 capital expenditures are now expected to be approximately $3.7
    billion

Financial highlights (on the basis of IFRS^1, amounts in USD): 

                                 Quarterly comparison  Semi-annual comparison
(USDm) unless otherwise shown     2Q 13  1Q 13 2Q 12^2   1H 13 2H 12^2 1H 12^2
Sales                            20,197 19,752  22,478  39,949  39,032  45,181
EBITDA                            1,700  1,565   2,559   3,265   3,002   4,677
Operating income / (loss)           352    404   1,207     756 (4,656)   2,011
Net income / (loss)               (780)  (345)   1,016 (1,125) (4,460)   1,108
Basic earnings / (loss) per      (0.44) (0.21)    0.66  (0.65)  (2.89)    0.72
share (USD)
Own iron ore production (Mt)       15.0   13.1    14.4    28.1    28.3    27.6
Iron ore shipments at market        8.2    7.3     8.2    15.5    13.8    15.0
price (Mt)
Crude steel production (Mt)        22.5   22.4    22.8    44.9    42.7    45.6
Steel shipments (Mt)               21.3   20.9    21.7    42.3    39.9    43.9
EBITDA/tonne (USD/t)[8]              80     75     118      77      75     107

Commenting, Mr. Lakshmi N. Mittal, ArcelorMittal Chairman and CEO, said:
"The operating environment in the first  half continued to be challenging  but 
we have delivered progress in a number of important areas. The benefits of our
restructuring efforts - particularly in Europe - are evident; strong cash-flow
performance has enabled us  to reduce net debt  to below our mid-year  target; 
and the expansion of ArcelorMittal Mines  Canada is largely complete and  will 
ramp up during the second half.

Although we  have revised  our  full year  guidance,  the second  half  should 
deliver a clear underlying  improvement relative to the  second half of  2012, 
which we believe marked the lowest point in the cycle."

SECOND QUARTER 2013 EARNINGS ANALYST CONFERENCE CALL

ArcelorMittal management  will  host a  conference  call for  members  of  the 
investment community to  discuss the second  quarter 2013 and  half year  2013 
financial performance at:

         Date              US Eastern time          London            CET
Thursday August 1, 2013        9.30am              2.30pm         3.30pm
The dial in numbers:
       Location           Toll free dial in      Local dial in    Participant
                               numbers              numbers
       UK local:            0800 169 3059     +44 (0)207 970 0006   660993#
      USA local:           1800 814 6417      +1 215 599 1757     660993#
        France:              0800917772         +33 170707578      660993#
       Germany:             08009646526        +49 6940359700      660993#
        Spain:               900994921          +34 914140992      660993#
      Luxembourg:             80024686          +352 24871048      660993#
A replay of the conference call will be available for one week by dialing
                              Language            Access code
+49 (0) 1805 2043 089         English              443982#

The conference call  will include  a brief  question and  answer session  with 
senior management. The presentation will be available via a live video webcast
on www.arcelormittal.com.

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 88.2  million 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.

ENQUIRIES

Contact information ArcelorMittal Investor Relations
Europe                                                   Tel: +352 4792 2652
Americas                                                 Tel: +1 312 899 3985
Retail                                                   Tel: +352 4792 3198
SRI                                                    Tel: +44 207 543 1128
Bonds/Credit                                        Tel: +33 1 71 92 10 26
                                                                       E-mail:
ArcelorMittal Corporate Communications                 press@arcelormittal.com
                                                           Tel: +352 4792 5000
Tobin Postma                                             Tel: +44 203 214 2412
Laura Nutt                                               Tel: +44 207 543 1125
France            Image 7: Sylvie Dumaine               Tel: +33 1 53 70 94 17
United Kingdom    Maitland Consultancy: Martin Leeburn   Tel: +44 20 7379 5151

ARCELORMITTAL SECOND QUARTER 2013 AND HALF YEAR 2013 RESULTS

ArcelorMittal, the world's leading steel company, today announces results  for 
the three month and six month periods ended June 30, 2013.

Corporate responsibility and safety performance

Health and safety - Own personnel and contractors lost time injury frequency
rate^3

Health and safety performance, based on own personnel figures and  contractors 
lost time injury frequency ("LTIF") rate, remained flat at 0.9x in the  second 
quarter of 2013  ("2Q 2013") as  compared to  the first quarter  of 2013  ("1Q 
2013") and 0.8x for the second quarter  of 2012 ("2Q 2012"). During 2Q  2013, 
improvements  in  the  Mining  and   Long  Carbon  segments  were  offset   by 
deterioration in all other segments.

Health and safety performance improved to 0.9x in the first six months of 2013
("1H 2013") as compared to 1.0x for the first six months of 2012 ("1H  2012"), 
with improvements across the majority of segments.

Despite this encouraging performance in LTIF rate, there is still more work to
be done. The Company's efforts to improve the group's Health and Safety record
will continue. Whilst  the LTIF  target of 1.0x  is maintained  for 2013,  the 
Company is  focused  on further  reducing  the  rate of  severe  injuries  and 
fatality prevention.

Own personnel and contractors - Frequency Rate
Lost time injury frequency rate 2Q 13 1Q 13 2Q 12 1H 13 1H 12
Total Mines                       0.6   0.8   0.5   0.7   0.8
Lost time injury frequency rate 2Q 13 1Q 13 2Q 12 1H 13 1H 12
Flat Carbon Americas              0.7   0.6   1.1   0.8   1.1
Flat Carbon Europe                1.1   1.0   1.2   1.0   1.4
Long Carbon Americas and Europe   0.9   1.2   0.9   1.1   0.9
Asia Africa and CIS               0.6   0.4   0.3   0.5   0.5
Distribution Solutions            1.4   1.2   1.2   1.3   1.7
Total Steel                       0.9   0.9   0.9   0.9   1.0
Lost time injury frequency rate 2Q 13 1Q 13 2Q 12 1H 13 1H 12
Total (Steel and Mines)           0.9   0.9   0.8   0.9   1.0

Key corporate responsibility highlights for 2Q 2013

  *ArcelorMittal hosted its seventh annual Health and Safety Day that
    mobilized around 231,000 employees and contractors on the day under the
    theme 'Stop, think and act safely'.
  *ArcelorMittal unveiled its innovative ultra-lightweight car door
    solutions. Using steels and technology currently available, a 27% weight
    and cost saving can be achieved without compromising safety and structural
    requirements. Going forward even greater weight savings of up to 34%
    compared to existing steel car door solutions are expected.
  *ArcelorMittal joined the board of the Extractive Industries Transparency
    Initiatives as a representative of the mining constituency. This
    multi-stakeholder coalition aims to establish a global standard for
    transparency in the extractive industries, and better governance of
    natural resources. ArcelorMittal has supported the initiative since 2009.

Analysis of results for the six months ended June 30, 2013 versus results  for 
the six months ended June 30, 2012

ArcelorMittal's net loss  for 1H 2013  was $1.1 billion,  or $(0.65) loss  per 
share, as compared to  net income for  1H 2012 of $1.1  billion, or $0.72  per 
share.

Total steel shipments for 1H 2013 were lower at 42.3 million metric tonnes  as 
compared with 43.9 million metric tonnes at 1H 2012.

Sales for 1H 2013 decreased by 11.6%  to $39.9 billion as compared with  $45.2 
billion for  1H 2012  primarily  due to  lower  average steel  selling  prices 
(-6.0%) and lower steel shipments (-3.7%).

Depreciation of $2.3 billion for 1H 2013 was comparable with 1H 2012.

Impairment charges for  1H 2013  were $39  million primarily  relating to  the 
closure of the organic  coating and tin plate  lines in Florange (Flat  Carbon 
Europe). Impairment  charges  for  1H 2012  totalled  $69  million,  primarily 
related to the  extended idling  of the  electric arc  furnace and  continuous 
caster at the Schifflange site in Luxembourg (Long Carbon Europe).

Restructuring charges for 1H 2013 were $173 million, including $137 million of
cost incurred for the long term idling of the Florange liquid phase (including
voluntary separation scheme costs, site rehabilitation/safeguarding costs, and
take or  pay obligations).  Restructuring charges  for 1H  2012 totalled  $297 
million and consisted largely of  costs associated with the implementation  of 
Asset Optimization  primarily impacting  Flat Carbon  Europe and  Long  Carbon 
Europe operations.

Operating income  for 1H  2013 was  $756 million  as compared  with  operating 
income of  $2.0  billion for  1H  2012. Operating  results  for 1H  2013  were 
positively impacted  by a  $47 million  fair valuation  gain relating  to  the 
acquisition of an additional ownership  interest in DJ Galvanizing in  Canada. 
In addition, the operating income for  1H 2013 was positively impacted by  $92 
million related to "Dynamic Delta Hedge" (DDH) income. The DDH income recorded
in 1Q 2013 was the final instalment of such income. This gain on the unwinding
of a currency hedge related to raw materials purchases was initially  recorded 
in equity in 4Q 2008, and has now been fully recorded in the income statement.
Operating income for 1H  2012 was positively impacted  by $295 million of  DDH 
income recognized during the period. Operating income during 1H 2012 was also
positively impacted by $624 million: changes to the employee benefit plans  at 
Dofasco led  to curtailment  gains of  $285 million[9]and  the Skyline  Steel 
divestment^11 led to a gain of $339 million.

Loss from  equity method  investments and  other  income in  1H 2013  was  $42 
million, as compared  to income of  $103 million in  1H 2012. Losses  incurred 
during 1H 2013 related primarily to a contingent consideration related to  the 
Gonvarri Brasil  acquisition  in  2008  and  weaker  performance  of  European 
associates during the year.

Net interest expense (including interest expense and interest income) was $949
million for 1H  2013 as compared  to $917  million for 1H  2012. Net  interest 
expense increased due to the  interest rate "step up"  clauses in most of  the 
Company's outstanding  bonds, which  were triggered  by the  Company's  rating 
downgrades that occurred  in the  second half of  2012 and  which resulted  in 
incremental interest expense of $40 million in 1H 2013.

Foreign exchange and other  net financing costs[10]were  $685 million for  1H 
2013 as compared to costs of $484 million for 1H 2012.

ArcelorMittal recorded an income tax expense  of $196 million for 1H 2013,  as 
compared to an income tax benefit of $394 million for 1H 2012.

Gains attributable to non-controlling interests for 1H 2013 were $9 million as
compared with losses attributable to non-controlling interests for 1H 2012  of 
$1 million.

Analysis of results for 2Q 2013 versus 1Q 2013 and 2Q 2012

ArcelorMittal recorded a net loss for 2Q 2013 of $0.8 billion, or $(0.44) loss
per share, as  compared to a  net loss of  $0.3 billion, or  $(0.21) loss  per 
share for 1Q 2013, and net income of $1.0 billion,or $0.66 earnings per share,
for 2Q 2012.

Total steel shipments for 2Q 2013 were 21.3 million metric tonnes as  compared 
with 20.9 million metric tonnes for 1Q 2013 and 21.7 million metric tonnes for
2Q 2012.

Sales for 2Q 2013 increased  by 2.3% to $20.2  billion as compared with  $19.8 
billion for 1Q  2013, and were  10.1% lower  than $22.5 billion  for 2Q  2012. 
Sales were higher in 2Q  2013 as compared to 1Q  2013 primarily due to  higher 
steel shipment volumes (+1.7%).

Depreciation amounted to $1.1 billion for 2Q 2013, as compared to $1.2 billion
for both 1Q 2013 and 2Q 2012.

Impairment charges for  2Q 2013  were $39  million primarily  relating to  the 
closure of the organic  coating and tin plate  lines in Florange (FCE).  There 
were no impairment charges recorded in 1Q 2013 or 2Q 2012.

Restructuring charges for 2Q 2013 were $173 million, including $137 million of
costs incurred  for  the  long  term  idling  of  the  Florange  liquid  phase 
(including voluntary separation scheme costs, site rehabilitation/safeguarding
costs, and take or  pay obligations). Restructuring charges  for 1Q 2013  were 
nil. Restructuring charges  for 2Q  2012 totalled $190  million and  consisted 
primarily of costs associated  with the project to  close two blast  furnaces, 
sinter plant, steel shop and continuous casters in Liege, Belgium.

Operating income  for 2Q  2013 was  $352 million  as compared  with  operating 
income of $404 million for 1Q 2013 and operating income of $1.2 billion for 2Q
2012. Operating income for  1Q 2013 was positively  impacted by a $47  million 
fair valuation gain  relating to  the acquisition of  an additional  ownership 
interest in DJ  Galvanizing in  Canada. Operating  income during  2Q 2012  was 
positively  impacted   by   $339  million   gain   from  the   Skyline   Steel 
divestment[11]. In addition,  operating income  for 1Q  2013 and  2Q 2012  was 
positively impacted  by $92  million and  $136 million,  respectively, of  DDH 
income recognized.

Loss from  equity method  investments and  other  income in  2Q 2013  was  $24 
million as compared to loss  of $18 million in 1Q  2013 and an income of  $118 
million in  2Q 2012.  Losses incurred  during 2Q  2013 relate  primarily to  a 
contingent consideration from the Gonvarri Brasil acquisition in 2008.

Net interest expense (including  interest expense and  interest income) in  2Q 
2013 was  $471 million,  as compared  to $478  million for  1Q 2013  and  $456 
million for 2Q 2012.

Foreign exchange and other net financing  costs were $530 million for 2Q  2013 
as compared to costs of $155 million for 1Q 2013 and costs of $77 million  for 
2Q 2012. This includes a foreign exchange  loss of $249 million in 2Q 2013  as 
compared to  a  gain  of  $96  million in  1Q  2013  primarily  driven  by  9% 
devaluation of Brazilian  Real versus  USD which impacted  loans and  payables 
denominated in foreign currency.

ArcelorMittal recorded an income  tax expense of $99  million for 2Q 2013,  as 
compared to an income tax expense of $97 million for 1Q 2013 and an income tax
benefit of $218 million for 2Q 2012.

Gains attributable to non-controlling interests for 2Q 2013 were $8 million as
compared with gains of $1 million for 1Q 2013 and losses of $6 million for  2Q 
2012. 

Capital expenditure projects

The following tables summarize the Company's principal growth and optimization
projects involving significant capital expenditures.

Completed projects in most recent quarters

Segment     Site           Project       Capacity / particulars      Actual
                                                                   completion
        Andrade Mines                       Increase iron ore
Mining    (Brazil)    Andrade expansion   production to 3.5mt /     4Q 2012
                                                  year
        ArcelorMittal  Replacement of       Increase iron ore
Mining  Mines Canada     spirals for      production by 0.8mt /     1Q 2013
                         enrichment               year
        ArcelorMittal                     Increase concentrator
Mining  Mines Canada  Expansion project capacity by 8mt/year (16  2Q 2013 ^(e)
                                             to 24mt / year)

Ongoing^(a) projects

Segment        Site             Project      Capacity / particulars Forecasted
                                                                    completion
                                              Increase production
                           Phase 2 expansion capacity to 15mt/ year
Mining    Liberia mines         project        (iron ore premium    2015 ^(b)
                                                  sinter feed
                                                  concentrate)
Mining      Baffinland       Early Revenue    Production capacity   2015 ^(c)
                                 Phase       3.5mt/ year (iron ore)
                            Optimization of    Optimize cost and
  FCA     ArcelorMittal     galvanizing and    increase galvalume    On hold
         Dofasco (Canada)      galvalume     production by 0.1mt /
                              operations              year
                                             Increase HDG capacity
  FCA   ArcelorMittal Vega Expansion project by 0.6mt / year and CR  On hold
         Do Sul (Brazil)                      capacity by 0.7mt /
                                                      year
                               Wire rod       Increase in capacity
  LCA   Monlevade (Brazil)    production      of finished products  2015 ^(d)
                               expansion        by 1.1mt / year
                                               Increase in rebar
                               Rebar and      capacity by 0.4mt /
           Juiz de Fora        meltshop              year;          2015 ^(d)
             (Brazil)          expansion      Increase in meltshop
                                              capacity by 0.2mt /
                                                      year
                                               Increase in liquid
                            Sinter plant,     steel capacity by
  LCA   Monlevade (Brazil) blast furnace and     1.2mt / year;       On hold
                               meltshop       Sinter feed capacity
                                                of 2.3 mt / year

a) Ongoing projects  refer  to  projects  for  which  construction  has  begun 
   (excluding various  projects  that are  under  development), or  have  been 
   placed on hold pending improved operating conditions.
b) The Company's Board of Directors has approved the Phase 2 expansion of  the 
   Liberia project that would lead  to annual premium sinter feed  concentrate 
   production capacity of 15 million tonnes  per annum. The first sinter  feed 
   concentrate production  is expected  in 2015,  replacing the  Phase 1  -  4 
   million tonnes per  annum direct-shipped  operation. Product  specification 
   has changed to  a sinter feed  which has resulted  in an engineering  scope 
   change.
c) The Company's  Board of  Directors  has approved  the Early  Revenue  Phase 
   ("ERP") at Baffinland, which requires less capital investment than the full
   project as originally proposed. Implementation of the ERP is now  underway 
   with a goal to reach a 3.5MT per annum production rate by 2015.The  budget 
   for the ERP is approximately $700 million and will require the upgrading of
   the road that connects the existing port in Milne Inlet to the mine site as
   well as modifications to existing permits  that are expected to be  granted 
   in 2013 and in the first half of 2014.
d) During 2Q 2013 the Company has decided to resume the wire rod mill part  of 
   Monlevade expansion and rebar and meltshop  expansion plan in Juiz de  Fora 
   (Brazil) with  total capex  estimate  of $180  million.  This part  of  the 
   overall investment is expected to be finished in 2015. The upstream portion
   of the investment remains on hold.
e) Final capex for the  AMMC expansion project  is $1.6 billion.  Optimization 
   and ramp-up of project in 2H 2013.

Analysis of segment operations

Flat Carbon Americas

(USDm) unless otherwise shown 2Q 13 1Q 13 2Q 12^2  1H 13 1H 12^2
Sales                               4,788 4,859   5,359  9,647  10,629
EBITDA                                293   443     563    736   1,320
Operating income                       61   200     332    261     861
Crude steel production (Kt)         5,589 6,197   6,014 11,786  12,263
Steel shipments (Kt)                5,407 5,559   5,735 10,966  11,407
Average steel selling price (US$/t)   831   819     881    825     883
EBITDA/tonne (US$/t)                   54    80      98     67     116
Operating income /tonne (US$/t)        11    36      58     24      75

Flat Carbon Americas crude  steel production declined by  9.8% to 5.6  million 
tonnes in  2Q 2013  as  compared to  6.2 million  tonnes  in 1Q  2013,  driven 
primarily by a significant  drop in Flat USA  following labor issues at  Burns 
Harbor and operational incidents  at Indiana Harbor East  and West, for  which 
reductions in  inventory and  supplies from  other Flat  Carbon America  units 
partially mitigated the market impact.

Steel shipments in  2Q 2013 were  5.4 million  tonnes, 2.7% lower  than in  1Q 
2013, primarily  driven  by lower  shipment  volumes  in Flat  USA  driven  by 
incidents noted above,  offset in  part by  improvements in  Canada and  South 
America.

Sales in the  Flat Carbon Americas  segment were  $4.8 billion in  2Q 2013,  a 
decrease of 1.5% as compared to $4.9 billion in 1Q 2013. The decrease in sales
was due primarily to  lower shipments in  Flat USA, offset  in part by  higher 
steel selling prices in South America.

EBITDA in 2Q 2013 decreased 33.9% to $293 million as compared to $443  million 
in 1Q 2013. EBITDA in  1Q 2013 was positively impacted  by a $47 million  fair 
valuation gain relating to the acquisition of an additional ownership interest
in DJ Galvanizing in Canada. Excluding  this one-time gain, EBITDA in 2Q  2013 
decreased 26.0%  to $293  million as  compared  to $396  million in  1Q  2013, 
impacted by the loss of volumes  in Flat USA partially offset by  improvements 
in South America.

Flat Carbon Europe

(USDm) unless otherwise shown 2Q 13 1Q 13 2Q 12^2  1H 13 1H 12^2
Sales                               6,903 6,834   7,223 13,737  14,942
EBITDA                                341   300     383    641     514
Operating loss                      (198)  (59)   (152)  (257)   (435)
Crude steel production (Kt)         7,481 7,279   7,143 14,760  14,325
Steel shipments (Kt)                7,065 6,890   6,771 13,955  14,232
Average steel selling price (US$/t)   830   831     884    830     872
EBITDA/tonne (US$/t)                   48    44      57     46      36
Operating loss /tonne (US$/t)        (28)   (9)    (22)   (18)    (31)

Flat Carbon Europe  crude steel production  increased by 2.8%  to 7.5  million 
tonnes in 2Q 2013 as compared to 7.3 million tonnes in 1Q 2013. 

Steel shipments in 2Q  2013 were 7.1  million tonnes, an  increase of 2.5%  as 
compared to 6.9 million tonnes in 1Q 2013 due to seasonal factors.

Sales in the Flat Carbon Europe segment  increased to $6.9 billion in 2Q  2013 
as compared to $6.8 billion in 1Q 2013. Sales benefitted primarily from higher
steel shipment volumes as average steel selling prices were essentially stable
in USD.

EBITDA in 1Q  2013 included $92  million of DDH  income recognized during  the 
quarter. Excluding  this gain,  EBITDA  in 2Q  2013  increased 63.9%  to  $341 
million as compared to $208 million in 1Q 2013. Steel margins were  positively 
impacted in  2Q  2013 by  higher  volumes  and a  positive  price-cost  effect 
reflecting higher management gains and benefits from asset optimization.

Operating results for 2Q 2013 were negatively impacted by restructuring  costs 
of $157 million, primarily associated with the long term idling of the  liquid 
phase at the  Florange site in  France and impairment  charges of $24  million 
primarily relating to the closure of  the organic coating and tin plate  lines 
in Florange.

Long Carbon Americas and Europe

(USDm) unless otherwise shown 2Q 13 1Q 13 2Q 12^2  1H 13 1H 12^2
Sales                               5,420 5,103   5,698 10,523  11,461
EBITDA                                556   419     575    975   1,023
Operating income                      329   185     344    514     465
Crude steel production (Kt)         5,742 5,722   5,885 11,464  11,670
Steel shipments (Kt)                5,772 5,394   5,839 11,166  11,577
Average steel selling price (US$/t)   848   858     885    853     898
EBITDA/tonne (US$/t)                   96    78      98     87      88
Operating income /tonne (US$/t)        57    34      59     46      40

Long Carbon Americas and Europe crude steel production amounted to 5.7 million
tonnes in 2Q 2013, essentially flat as compared to 1Q 2013.

Steel shipments in 2Q  2013 were 5.8  million tonnes, an  increase of 7.0%  as 
compared to 5.4 million tonnes in 1Q 2013, primarily due to higher volumes  in 
Europe (seasonal impact), South America, Mexico and Tubular products.

Sales in the Long Carbon Americas and Europe segment increased to $5.4 billion
in 2Q 2013 as compared  to $5.1 billion in 1Q  2013. Sales were higher due  to 
improved volumes, partially offset by lower average steel selling prices where
higher average steel  selling prices  in the Tubular  and Americas  businesses 
were outweighed by reduced prices in the European business.

EBITDA in 2Q 2013  was $556 million,  an improvement of  32.7% as compared  to 
$419 million  in 1Q  2013, primarily  driven by  higher volumes  and  improved 
profitability in South America and Tubular products. 

Asia Africa and CIS ("AACIS")

(USDm) unless otherwise shown 2Q 13 1Q 13 2Q 12^2 1H 13 1H 12^2
Sales                               2,115 2,129   2,677 4,244   5,464
EBITDA                                120    19     122   139     285
Operating loss                       (33) (117)    (36) (150)    (31)
Crude steel production (Kt)         3,681 3,245   3,691 6,926   7,306
Steel shipments (Kt)                3,062 3,104   3,321 6,166   6,674
Average steel selling price (US$/t)   623   620     687   621     696
EBITDA/tonne (US$/t)                   39     6      37    23      43
Operating loss /tonne (US$/t)        (11)  (38)    (11)  (24)     (5)

AACIS segment crude  steel production was  3.7 million tonnes  in 2Q 2013,  an 
increase of 13.4% as compared to 1Q 2013. Production increased during 2Q  2013 
primarily as a result of  the recovery in South  Africa following the fire  at 
Vanderbijlpark ("VDP") that negatively impacted production in 1Q 2013.

Steel shipments in 2Q 2013 amounted to 3.1 million tonnes, a decrease of  1.4% 
compared to 1Q 2013 with lower volumes in Ukraine and South Africa.

Sales in the AACIS segment were flat at $2.1 billion in 2Q 2013 as compared to
1Q 2013 as the CIS market in particular remained weak.

EBITDA in 2Q 2013 was $120 million as compared to $19 million in 1Q 2013, when
EBITDA was negatively impacted  by $67 million due  to the fire disruption  at 
VDP.

Distribution Solutions

(USDm) unless otherwise shown 2Q 13 1Q 13 2Q 12^2 1H 13 1H 12^2
Sales                               3,597 3,553   4,292 7,150   8,723
EBITDA                                 29    15     385    44     420
Operating income / (loss)            (12)  (16)     331  (28)     321
Steel shipments (Kt)                4,008 4,063   4,523 8,071   9,112
Average steel selling price (US$/t)   872   851     920   862     920

Shipments in the Distribution  Solutions segment in 2Q  2013 were 4.0  million 
tonnes, a decrease  of 1.4%  as compared  to 4.1  million tonnes  in 1Q  2013, 
primarily due to the reduction of export business in our CIS operations.

Sales in the Distribution Solutions segment  in 2Q 2013 were $3.6 billion,  an 
increase of 1.2% as compared to 1Q 2013, due primarily to higher average steel
selling prices (+2.5%) offset in part by lower steel shipment volumes.

EBITDA in 2Q 2013 was $29 million as compared to $15 million in 1Q 2013,  with 
the improvement primarily due to a  better geographical sales mix following  a 
seasonal improvement in Europe. EBITDA for 2Q 2012 of $385 million includes  a 
gain of $339 million from the Skyline divestment^11.

Mining

(USDm) unless otherwise shown                2Q 13 1Q 13 2Q 12^2 1H 13 1H 12^2
Sales[12]                                    1,351 1,199   1,602 2,550   2,900
EBITDA                                         432   433     548   865   1,032
Operating income                               286   286     414   572     768
Own iron ore production ^(a) (Mt)             15.0  13.1    14.4  28.1    27.6
Iron ore shipped externally and internally    8.2   7.3     8.2  15.5    15.0
and reported at market price ^(b) (Mt)
Own coal production^(a) (Mt)                   2.0   2.0     2.1   4.0     4.2
Coal shipped externally and internally and    1.1   1.3     1.4   2.4     2.6
reported at market price^(b) (Mt)

(a) Own  iron  ore and  coal  production not  including  strategic  long-term 
contracts
(b) Iron ore and coal shipments of market-priced based materials include  the 
Company's own  mines, and  share of  production at  other mines,  and  exclude 
supplies under strategic long-term contracts

Own iron  ore production  (not including  supplies under  strategic  long-term 
contracts) in 2Q  2013 was 15.0  million metric tonnes,  14.5% higher than  1Q 
2013, primarily  due  to higher  production  at our  Canadian  operations  and 
Liberia.

Shipments at market price increased  12.3% in 2Q 2013  as compared to 1Q  2013 
primarily due to higher shipments in  Canada which was impacted by  production 
and freezing lake constraints during first quarter. Shipments at market  price 
in 2Q 2013 remained flat at 8.2 million metric tonnes as compared to 2Q 2012.

Own  coal  production  (not  including  supplies  under  strategic   long-term 
contracts) in 2Q 2013 was 2.0  million metric tonnes, representing a  decrease 
of 2.9% as compared to 1Q 2013.

EBITDA attributable  to the  Mining  segment for  2Q  2013 was  $432  million, 
essentially flat  as  compared to  1Q  2013.  EBITDA during  the  quarter  was 
positively impacted by  higher volumes  from our Canadian  operations and  the 
effect of lagged pricing on a portion of our shipments from Canada and Mexico,
offset by reduced seaborne iron ore prices.EBITDA attributable to the  Mining 
segment was $548 million in 2Q 2012.

Liquidity and Capital Resources

For 2Q  2013, net  cash provided  by operating  activities was  $2.4  billion, 
compared to net cash used in operating activities of $302 million in 1Q  2013. 
Cash provided  by operating  activities in  2Q 2013  included a  $1.3  billion 
release of operating working capital as compared to an investment in operating
working capital  of $0.5  billion in  1Q 2013.  Rotation days[13]in  2Q  2013 
significantly improved to 55 days as compared  to 64 days in 1Q 2013.  Working 
capital and rotation days are at the lower end of the range for the first half
of 2013, and the  expectation is that  they will increase in  3Q 2013 in  line 
with normal seasonal trends. Net  cash provided by other operating  activities 
in 2Q 2013 of $0.6  billion primarily relates to  VAT refunds and reversal  of 
unrealized foreign exchange losses.

 
Net cash used  in investing  activities during 2Q  2013 was  $717 million,  as 
compared to $803 million  in 1Q 2013. Capital  expenditures decreased to  $709 
million in  2Q 2013  as  compared to  $927 million  in  1Q 2013.  The  Company 
continues to focus primarily on core growth capital expenditures in its mining
business  given  attractive   return  profiles.  While   most  planned   steel 
investments remain suspended,  during the  quarter the  Company restarted  its 
Monlevade expansion project in Brazil. The project is expected to be completed
in two phases with the first phase (investment in which has now been approved)
focused mainly on downstream facilities and consists of a new wire rod mill in
Monlevade with additional capacity of 1,050 ktpy of coils with capex  estimate 
of $140 million; Juiz de Fora rebar capacity increase from 50 to 400 ktpy  and 
meltshop capacity increase by 200 ktpy  with capex estimate of $40 million.  A 
decision whether to invest in Phase 2 of the project, focusing on the upstream
facilities in Monlevade (sinter  plant, blast furnace  and meltshop), will  be 
taken in the  future. Other investing  activities in 1Q  2013 of $124  million 
inflow included  $139 million  proceeds from  the reduction  in the  Company's 
stake in the Baffinland joint venture.

Net cash used in financing activities for 2Q 2013 was $2.8 billion as compared
to cash provided by financing activities of $4.7 billion in 1Q 2013. Net  cash 
used in  financing activities  for 2Q  2013 included  debt repayment  of  $3.3 
billion (primarily €1.5 billion for the  8.25% bond due 2013 and $1.2  billion 
for the 5.375% bond due  2013) and $290 million  cash received related to  the 
second and  final  instalment of  the  previously announced  investment  by  a 
consortium led by POSCO and China  Steel Corporation (CSC) to acquire a  joint 
venture interest  in  ArcelorMittal's  Labrador Trough  iron  ore  mining  and 
infrastructure assets  in  Quebec,  Canada. Net  cash  provided  by  financing 
activities for 1Q  2013 was  primarily the result  of cash  proceeds from  the 
combined  offering[14]of   ordinary   shares  and   mandatorily   convertible 
subordinated notes  totalling  approximately $4.0  billion,  as well  as  $810 
million in cash  received related to  the first instalment  of the AMMC  stake 
sale discussed above.

During 2Q 2013,  the Company  paid dividends  to minority  shareholders of  $3 
million as compared to $34 million in 1Q 2013 (which included $28 million  for 
the subordinated perpetual capital securities  issued in September 28,  2012). 
During 2Q 2012, the Company paid dividends amounting to $294 million.

At  June  30,  2013,  the  Company's  cash  and  cash  equivalents  (including 
restricted cash  and  short-term  investments) amounted  to  $6.9  billion  as 
compared to  $8.0 billion  at March  31, 2013.  Gross debt  declined from  $26 
billion at March 31, 2013  to $23.1 billion at June  30, 2013. As of June  30, 
2013, net debt was $16.2  billion, as compared with  $18 billion at March  31, 
2013, driven by  improved cash  flow from  operations ($2.4  billion) and  M&A 
proceeds described above.

The Company had liquidity[15]of $16.9 billion at June 30, 2013, a decrease of
$1.1 billion as  compared with  liquidity of $18  billion at  March 31,  2013, 
consisting of  cash  and  cash  equivalents  (including  restricted  cash  and 
short-term investments) of $6.9  billion and $10  billion of available  credit 
lines. At June 30, 2013, the average debt maturity was 6.4 years.

3-year $3 billion management gains program

During the investor day held  on March 15, 2013,  the Company announced a  new 
management gains improvement  target of  $3 billion by  the end  of 2015.  The 
program is expected to yield approximately $1 billion of savings over each  of 
the next 3  years. Action  plans and  detailed targets  have been  set at  the 
various business units  and progress will  be monitored and  reported upon  in 
future quarters. The Group is  targeting cost savings related to  reliability, 
fuel rate, yield  and productivity  with two  thirds of  costs targeted  being 
variable costs.

At June 30, 2013, $0.6 billion of annualized improvements had been achieved on
a run rate basis.

Asset Optimization

The essential  components  of  Asset Optimization  have  been  announced.  The 
Company confirms that the Asset Optimization introduced in 4Q 2011 is expected
to deliver annualized savings of $1  billion, the full impact of which  should 
be seen in 2014.

Recent developments

  *On July 17, 2013, ArcelorMittal met with the Government of Odisha's Chief
    Secretary to inform him that the Company has decided not to progress with
    its planned construction of a 12 million tonne integrated steel plant and
    a captive power plant in the district of Keonjhar. Unfortunately,
    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 concluded it will no
    longer be pursuing its plans for a steel plant in Keonjhar at this stage.

  *In July 2013, ArcelorMittal completed Cash Tender Offers to purchase any
    and all of the 6.5% U.S. dollar denominated Notes due in April 2014 ("the
    $ 2014 Notes") and the 4.625% EURO denominated Notes due in November 2014
    ("the € 2014 Notes"). The Group accepted to purchase $311.5 million
    principal amount of the $ 2014 Notes for a total aggregate purchase price
    (including accrued interest) of $327.8 million and €139.5 million of the €
    2014 Notes for a total aggregate purchase price (including accrued
    interest) of €150.1 million. Upon settlement for all of the notes accepted
    pursuant to the Offers, $188.5 million principal amount of $ 2014 Notes
    remained outstanding and €360.5 million principal amount of € 2014 Notes
    remained outstanding. A €6 million loss was booked in the 2Q 2013 income
    statement reflecting the difference between the tender consideration and
    the carrying value of the € 2014 Notes. All other impacts on profit and
    loss, cash and debt will be recorded in 3Q 2013.

Outlook and guidance

In line  with  our  guidance  framework,  underlying  profitability  is  still 
expected to improve in 2013, driven by three factors:
a) a 1-2% increase in steel shipments;
b) an approximate 20% increase in marketable iron ore shipments; and
c)  the  realized  benefits  from  Asset  Optimization  and  Management  Gains 
initiatives

Nevertheless, we adjust 2013 EBITDA guidance from "greater than $7.1 billion"
to "greater than $6.5 billion" due to the following factors:
a) lower than forecast apparent demand (primarily North America and Europe)
and its impact on group shipments;
b) lower than anticipated coking coal prices, including the impact on
vertically integrated operations;
c) lower premiums for high quality iron ore concentrate; and
d) additional repairs and maintenance spend following production incidents
during the first half.

Due to an expected investment in working capital and the payment of the annual
dividend, net debt  is expected to  increase in 2H  2013 to approximately  $17 
billion; the $15 billion medium term net debt target is unchanged.

2013 capital expenditures are now expected to be approximately $3.7 billion.



ARCELORMITTAL CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

In millions of U.S. dollars                   June 30, March 31, December 31,
                                                   2013      2013       2012^2
ASSETS
Cash and cash equivalents including restricted    6,918     7,977        4,540
cash
Trade accounts receivable and other               5,866     6,130        5,085
Inventories                                      18,067    18,389       19,003
Prepaid expenses and other current assets         3,862     3,319        3,154
Total Current Assets                             34,713    35,815       31,782
Goodwill and intangible assets                    9,123     9,365        9,581
Property, plant and equipment                    51,580    52,507       53,989
Investments in affiliates and joint ventures      6,913     6,923        7,181
Deferred tax assets                               8,134     7,994        8,221
Other assets                                      2,170     3,163        3,244
Total Assets                                    112,633   115,767      113,998
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt and current portion of            4,140     4,234        4,348
long-term debt
Trade accounts payable and other                 12,499    11,558       11,407
Accrued expenses and other current liabilities    8,243     7,416        8,082
Total Current Liabilities                        24,882    23,208       23,837
Long-term debt, net of current portion           18,943    21,745       21,965
Deferred tax liabilities                          2,690     2,896        2,958
Other long-term liabilities                      14,455    14,963       14,772
Total Liabilities                                60,970    62,812       63,532
Equity attributable to the equity holders of     48,263    49,522       47,016
the parent
Non-controlling interests                         3,400     3,433        3,450
Total Equity                                     51,663    52,955       50,466
Total Liabilities and Shareholders' Equity      112,633   115,767      113,998

ARCELORMITTAL CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

                                     Three months ended      Six months ended
                                 June 30, March 31, June 30, June 30, June 30,
In millions of U.S. dollars          2013      2013   2012^2     2013   2012^2
Sales                              20,197    19,752   22,478   39,949   45,181
Depreciation                      (1,136)   (1,161)  (1,162)  (2,297)  (2,300)
Impairment                           (39)         -        -     (39)     (69)
Restructuring charges               (173)         -    (190)    (173)    (297)
Operating income                      352       404    1,207      756    2,011
Operating margin %                   1.7%      2.0%     5.4%     1.9%     4.5%
Income / (loss) from equity
method investments and other         (24)      (18)      118     (42)      103
income
Net interest expense                (471)     (478)    (456)    (949)    (917)
Foreign exchange and other net      (530)     (155)     (77)    (685)    (484)
financing (losses)
Income (loss) before taxes and      (673)     (247)      792    (920)      713
non-controlling interests
Current tax                         (149)      (61)    (171)    (210)    (307)
Deferred tax                           50      (36)      389       14      701
Income tax benefit / (expense)       (99)      (97)      218    (196)      394
Income / (loss) from continuing
operations including                (772)     (344)    1,010  (1,116)    1,107
non-controlling interest
Non-controlling interests             (8)       (1)        6      (9)        1
Net income / (loss) from            (780)     (345)    1,016  (1,125)    1,108
continuing operations
Basic earnings / (loss) per        (0.44)    (0.21)     0.66   (0.65)     0.72
common share ($)
Diluted earnings / (loss) per      (0.44)    (0.21)     0.60   (0.65)     0.66
common share ($)
Weighted average common shares      1,788     1,750    1,549    1,769    1,549
outstanding (in millions)
Adjusted diluted weighted
average common shares               1,789     1,751    1,638    1,770    1,611
outstanding (in millions)
EBITDA^4                            1,700     1,565    2,559    3,265    4,677
EBITDA margin %                      8.4%      7.9%    11.4%     8.2%    10.4%
OTHER INFORMATION
Total iron ore
production[16](million metric       18.2      15.4     18.4     33.6     33.4
tonnes)
Crude steel production (million      22.5      22.4     22.8     44.9     45.6
metric tonnes)
Total shipments of steel
products[17] (million metric        21.3      20.9     21.7     42.3     43.9
tonnes)
Employees (in thousands)              242       243      256      242      256

ARCELORMITTAL CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

In millions of U.S. dollars           Three months ended     Six months ended
                                  June 30,  March   June 30, June 30, June 30,
                                    2013   31, 2013  2012^2    2013    2012^2
Operating activities:
Income / (loss) from continuing      (780)    (345)    1,016  (1,125)    1,108
operations
Adjustments to reconcile income /
(loss) to net cash provided by
operations:
Non-controlling interests                8        1      (6)        9      (1)
Depreciation and impairment          1,175    1,161    1,162    2,336    2,369
Restructuring charges                  173        -      190      173      297
Deferred income tax                   (50)       36    (389)     (14)    (701)
Change in operating working          1,272    (549)    1,381      723    1,092
capital[18]
Other operating activities (net)       561    (606)  (1,086)     (45)  (1,384)
Net cash (used in) provided by       2,359    (302)    2,268    2,057    2,780
operating activities
Investing activities:
Purchase of property, plant and      (709)    (927)  (1,117)  (1,636)  (2,371)
equipment and intangibles
Other investing activities (net)       (8)      124      301      116      576
Net cash used in investing           (717)    (803)    (816)  (1,520)  (1,795)
activities
Financing activities:
Proceeds (payments) relating to
payable to banks and long-term     (3,047)     (21)  (1,416)  (3,068)      317
debt
Dividends paid                         (3)     (34)    (294)     (37)    (588)
Combined capital offering                -    3,978        -    3,978        -
Disposal / (Acquisition)of             290      810     (10)    1,100     (10)
non-controlling interest
Other financing activities (net)      (36)     (40)     (24)     (76)     (58)
 
Net cash (used in) provided by     (2,796)    4,693  (1,744)    1,897    (339)
financing activities
Net increase (decrease) in cash    (1,154)    3,588    (292)    2,434      646
and cash equivalents
Effect of exchange rate changes         61    (146)    (169)     (85)     (79)
on cash
Change in cash and cash            (1,093)    3,442    (461)    2,349      567
equivalents

Appendix 1a: Key financial and operational information - Second quarter of
2013

                          Flat    Flat      Long
USDm unless otherwise    Carbon  Carbon    Carbon   AACIS  Distribution Mining
shown                   Americas Europe   Americas          Solutions
                                         and Europe
FINANCIAL INFORMATION
Sales                      4,788   6,903      5,420  2,115        3,597  1,351
Depreciation               (232)   (358)      (226)  (129)         (35)  (146)
Impairment                     -    (24)          -   (15)            -      -
Restructuring charges          -   (157)        (1)    (9)          (6)      -
Operating income /            61   (198)        329   (33)         (12)    286
(loss)
Operating margin (as a      1.3%  (2.9%)       6.1% (1.6%)       (0.3%)  21.2%
% of sales)
EBITDA^4                     293     341        556    120           29    432
EBITDA margin (as a %       6.1%    4.9%      10.3%   5.7%         0.8%  32.0%
of sales)
Capital expenditure[19]       68     105        128     99            9    298
OPERATIONAL INFORMATION
Crude steel production     5,589   7,481      5,742  3,681            -      -
(Thousand MT)
Steel shipments            5,407   7,065      5,772  3,062        4,008      -
(Thousand MT)
Average steel selling        831     830        848    623          872      -
price ($/MT)[20]
MINING INFORMATION
(Million Mt)
Iron ore production^16         -       -          -      -            -   18.2
Coal production^16             -       -          -      -            -    2.2
Iron ore shipped
externally and
internally and                -       -          -      -            -    8.2
reported at market
price^6
Iron ore shipped
internally and reported        -       -          -      -            -    6.5
at cost-plus^6
Coal shipped externally
and internally and             -       -          -      -            -    1.1
reported at market
price^6
Coal shipped internally
and reported at                -       -          -      -            -    0.7
cost-plus^6

Appendix 1b: Key financial and operational information - Six months of 2013

                          Flat    Flat      Long
USDm unless otherwise    Carbon  Carbon    Carbon   AACIS  Distribution Mining
shown                   Americas Europe   Americas          Solutions
                                         and Europe
FINANCIAL INFORMATION
Sales                      9,647  13,737     10,523  4,244        7,150  2,550
Depreciation               (475)   (717)      (460)  (265)         (66)  (293)
Impairment                     -    (24)          -   (15)            -      -
Restructuring charges          -   (157)        (1)    (9)          (6)      -
Operating income /           261   (257)        514  (150)         (28)    572
(loss)
Operating margin (as a      2.7%  (1.9%)       4.9% (3.5%)       (0.4%)  22.4%
% of sales)
EBITDA^4                     736     641        975    139           44    865
EBITDA margin (as a %       7.6%    4.7%       9.3%   3.3%         0.6%  33.9%
of sales)
Capital expenditure^19       153     313        268    187           21    687
OPERATIONAL INFORMATION
Crude steel production    11,786  14,760     11,464  6,926            -      -
(Thousand MT)
Steel shipments           10,966  13,955     11,166  6,166        8,071      -
(Thousand MT)
Average steel selling        825     830        853    621          862      -
price ($/MT)[20]
MINING INFORMATION
(Million Mt)
Iron ore production^16         -       -          -      -            -   33.6
Coal production^16             -       -          -      -            -    4.4
Iron ore shipped
externally and
internally and                -       -          -      -            -   15.5
reported at market
price ^ 6
Iron ore shipped
internally and reported        -       -          -      -            -   11.3
at cost-plus^6
Coal shipped externally
and internally and             -       -          -      -            -    2.4
reported at market
price^6
Coal shipped internally
and reported at                -       -          -      -            -    1.4
cost-plus^6

Appendix 2a: Steel Shipments by geographical location[21]

(Amounts in thousands metric tonnes) 2Q 13 1Q 13 2Q 12  1H 13  1H 12
Flat Carbon Americas:                5,407 5,559 5,735 10,966 11,407
North America                        4,308 4,519 4,615  8,827  9,153
South America                        1,099 1,040 1,120  2,139  2,254
Flat Carbon Europe:                  7,065 6,890 6,771 13,955 14,232
Long Carbon Americas and Europe:     5,772 5,394 5,839 11,166 11,577
North America                        1,202 1,124 1,208  2,326  2,354
South America                        1,316 1,366 1,338  2,682  2,618
Europe                               2,991 2,695 3,023  5,686  6,079
Other[22]                              263   209   270    472    526
AACIS:                               3,062 3,104 3,321  6,166  6,674
Africa                               1,017 1,073 1,227  2,090  2,494
Asia, CIS & Other                    2,045 2,031 2,094  4,076  4,180

Appendix 2b: Steel EBITDA by geographical location

Amounts in USDm                  2Q 13 1Q 13 2Q 12^2 1H 13 1H 12^2
Flat Carbon Americas:              293   443     563   736   1,320
North America                      106   324     530   430   1,170
South America                      187   119      33   306     150
Flat Carbon Europe:                341   300     383   641     514
Long Carbon Americas and Europe:   556   419     575   975   1,023
North America                       66    52      60   118     122
South America                      305   241     257   546     492
Europe                             113   102     148   215     245
Other[22]                           72    24     110    96     164
AACIS:                             120    19     122   139     285
Africa                              82    20      24   102     124
Asia, CIS & Other                   38   (1)      98    37     161
Distribution Solutions:             29    15     385    44     420

Appendix 2c: Iron ore production (Million metric tonnes)

Million
metric
tonnes ^(a)          Type                Product 2Q 13 1Q 13 2Q 12 1H 13 1H 12
North            Open Pit     Concentrate, lump,   8.2   6.8   7.8  15.1  15.0
America ^(b)                   fines and Pellets
South            Open pit         Lump and fines   1.0   0.9   0.9   1.9   1.7
America
Europe           Open pit   Concentrateandlump   0.6   0.5   0.5   1.0   1.0
Africa         Open Pit /                  Fines   1.3   1.3   1.3   2.6   2.6
              Underground
Asia, CIS &    Open Pit /     Concentrate, lump,   3.8   3.7   3.8   7.5   7.3
Other         Underground  fines and sinter feed
Own iron ore                                      15.0  13.1  14.4  28.1  27.6
production
North
America ^        Open Pit                Pellets   2.0   1.1   2.7   3.1   3.1
(c)
Africa ^(d)      Open Pit         Lump and Fines   1.2   1.3   1.4   2.4   2.7
Strategic
contracts -                                        3.2   2.3   4.0   5.5   5.8
iron ore
Group                                             18.2  15.4  18.4  33.6  33.4

a) Total of all finished production of fines, concentrate, pellets and lumps.
b) Includes own mines and share of production from Hibbing (USA-62.30%) and
   Pena (Mexico-50%).
c) Consists of a long-term supply contract with Cleveland Cliffs for purchases
   made at a previously set price, adjusted for changes in certain steel
   prices and inflation factors.
d) Includes purchases under a strategic agreement with Sishen/Thabazambi
   (South Africa). Prices for purchases under the July 2010 interim agreement
   with Kumba (as extended and amended several times) have been on a
   fixed-cost basis since March 1, 2010. 

Appendix 2d: Iron ore shipments (Million metric tonnes)

Million metric tonnes                         2Q 13 1Q 13 2Q 12 1H 13 1H 12
External sales - Third party                    2.2   2.1   3.0   4.3   5.5
Internal sales - Market-priced                  6.0   5.2   5.2  11.2   9.5
Internal sales - Cost-plus basis                6.5   4.8   7.0  11.3  11.9
Flat Carbon Americas                            2.4   0.5   2.5   2.9   3.2
Long Carbon Americas and Europe                 1.2   1.1   1.3   2.3   2.6
AACIS                                           2.9   3.2   3.1   6.1   6.2
Total shipments                                14.7  12.1  15.2  26.8  26.9
Strategic contracts                             3.2   2.3   4.0   5.5   5.8
Flat Carbon Americas                            2.0   1.1   2.7   3.1   3.1
AACIS                                           1.2   1.3   1.4   2.4   2.7
Total shipments including strategic contracts  17.9  14.5  19.2  32.3  32.7

Appendix 2e: Coal production (Million metric tonnes)

Million metric tonnes         2Q 13 1Q 13 2Q 12 1H 13 1H 12
North America                  0.69  0.70  0.61  1.39  1.25
Asia, CIS & Other              1.29  1.34  1.46  2.63  2.94
Own coal production            1.98  2.04  2.07  4.02  4.19
North America^(a)              0.08  0.08  0.07  0.17  0.15
Africa^(b)                     0.11  0.06  0.09  0.17  0.15
Strategic contracts - coal    0.19  0.14  0.16  0.34  0.31
Group                          2.17  2.18  2.24  4.36  4.50

(a) Includes strategic agreement - prices on a fixed-price basis
(b) Includes long term lease - prices on a cost-plus basis

Appendix 2f: Coal shipment (Million metric tonnes)

Million metric tonnes                          2Q 13 1Q 13 2Q 12 1H 13 1H 12
External sales - Third party                    0.82  0.92  0.86  1.74  1.72
Internal sales - Market-priced                  0.31  0.35  0.50  0.66  0.87
Internal sales (AACIS) - Cost-plus basis       0.70  0.72  0.73  1.42  1.52
Total shipments                                 1.83  1.99  2.08  3.82  4.11
Strategic contracts                             0.19  0.14  0.16  0.34  0.31
Total shipments including strategic contracts   2.02  2.13  2.25  4.16  4.42

Appendix 3: Debt repayment schedule as of June 30, 2013  

Debt repayment schedule (USD billion) 2013 2014 2015 2016 2017 >2017 Total
Term loan repayments
- Convertible bonds                      -  2.3    -   -    -     -   2.3
- Bonds                                0.5  0.8  2.2  1.8  2.7   9.7  17.7
Subtotal                               0.5  3.1  2.2  1.8  2.7   9.7  20.0
LT revolving credit lines
- $6bn syndicated credit facility        -    -    -    -    -     -     -
- $4bn syndicated credit facility        -    -    -    -    -     -     -
Commercial paper[23]                   0.1    -    -    -    -     -   0.1
Other loans                            0.8  0.4  0.5  0.7  0.2   0.4   3.0
Total Gross Debt                       1.4  3.5  2.7  2.5  2.9  10.1  23.1

Appendix 4: Credit lines available as of June 30, 2013

Credit lines available (USD billion)      Maturity Commitment Drawn Available
- $6bn syndicated credit facility       18/03/2016       $6.0  $0.0      $6.0
- $4bn syndicated credit facility       06/05/2015       $4.0  $0.0      $4.0
Total committed lines                                   $10.0  $0.0     $10.0

Appendix 5: Other ratios 

Ratios                                                             2Q 13 1Q 13
Gearing[24]                                                          31%   34%
Net debt /EBITDA ratio based on last twelve months' reported
EBITDA                                                              2.6X  2.5X

Appendix 6: Earnings per share

USD                             Three months ended          Six months ended
                                 June 30, March 31, June 30, June 30, June 30,
Earnings / (loss) per share          2013      2013   2012^2     2013   2012^2
Basic (loss) / earnings per        (0.44)    (0.21)     0.66   (0.65)     0.72
common share
Diluted (loss) / earnings per      (0.44)    (0.21)     0.60   (0.65)     0.66
common share

Appendix 7: EBITDA Bridge from 1Q 2013 to 2Q 2013

                Volume   Volume &               Price-cost  Non
USD      EBITDA & Mix -    Mix -    Price-cost   - Mining  -Steel Other EBITDA
millions 1Q 13   Steel  Mining (a)  - Steel (b)    (b)     EBITDA  (d)  2Q 13
                  (a)                                       (c)
Group    1,565    180       40          119        (42)     (2)   (160) 1,700

a) The volume variance indicates the  sales value gain/loss through selling  a 
higher/lower volume  compared to  the reference  period, valued  at  reference 
period contribution (selling price-variable cost). The mix variance  indicates 
sales value gain/loss through selling  different proportions of mix  (product, 
choice, customer, market including domestic/export), compared to the reference
period contribution. 
b) The price-cost  variance is  a combination of  the selling  price and  cost 
variance. The  selling  price variance  indicates  the sales  value  gain/loss 
through selling at a higher/lower price compared to the reference period after
adjustment for mix,  valued with  the current  period volumes  sold. The  cost 
variance indicates  increase/decrease  in  cost  (after  adjustment  for  mix, 
one-time items, non-steel cost  and others) compared  to the reference  period 
cost. Cost  variance  includes the  gain/loss  through consumptions  of  input 
materials at a higher  price/lower price, movement in  fixed cost, changes  in 
valuation of inventory due to movement in capacity utilization etc. 
c) Non-steel EBITDA  variance primarily represents  the gain/loss through  the 
sale of by-products and services.
d) Other represents  the gain/loss through  movements in provisions  including 
write  downs,  write  backs  of  inventory,  onerous  contracts,  reversal  of 
provisions, dynamic delta hedge  on raw materials,  foreign exchange, etc.  as 
compared to the reference period.  Specifically includes delta of $92  million 
for DDH income and $47 million fair valuation gain relating to the acquisition
of an additional ownership interest in DJ Galvanizing in Canada.

Appendix 8: Capital expenditure^19

USD millions                    2Q 13 1Q 13 2Q 12^2 1H 13 1H 12^2
Flat Carbon Americas               68    85     167   153     379
Flat Carbon Europe                105   208     225   313     486
Long Carbon Americas and Europe   128   140     142   268     371
AACIS                              99    88      71   187     212
Distribution Solutions              9    12      23    21      48
Mining                            298   389     475   687     854

Note: Table excludes others and eliminations.

Appendix 9: End notes

[1] The  financial information  in this  press release  has been  prepared  in 
accordance with International Financial Reporting Standards ("IFRS") as issued
by the International  Accounting Standards Board  ("IASB"). While the  interim 
financial information  included  in this  announcement  has been  prepared  in 
accordance with IFRS applicable to interim periods, this announcement does not
contain sufficient information  to constitute an  interim financial report  as 
defined  in  International   Accounting  Standards   34,  "Interim   Financial 
Reporting". The  numbers in  this press  release have  not been  audited.  The 
financial information and certain other  information presented in a number  of 
tables in this press release have been rounded to the nearest whole number  or 
the nearest decimal. Therefore,  the sum of  the numbers in  a column may  not 
conform exactly  to the  total  figure given  for  that column.  In  addition, 
certain percentages  presented in  the tables  in this  press release  reflect 
calculations based  upon the  underlying information  prior to  rounding  and, 
accordingly, may not conform exactly to the percentages that would be  derived 
if the relevant calculations were based upon the rounded numbers.
[2] On January 1, 2013, in accordance with IFRS as issued by the International
Accounting Standards Board ("IASB"), ArcelorMittal mandatorily adopted IFRS 10
("Consolidated Financial Statements"), IFRS 11 ("Joint Arrangements"), IFRS 12
("Disclosure  of  Interests  in  Other   Entities"),  IFRS  13  ("Fair   Value 
Measurement"), the  revision of  IAS  19 ("Employee  Benefits") and  IFRIC  20 
("Stripping Costs in the  Production Phase of a  Surface Mine"). Prior  period 
2012 information has been adjusted retrospectively for the mandatory  adoption 
of these new standards and interpretations except for IFRS 13 which is applied
only prospectively.  The main  effects for  ArcelorMittal are  related to  the 
revision of IAS 19R which was applied retrospectively. Following the  changes, 
the previously unrecognized actuarial gains and losses on pension  liabilities 
are recorded in the statements of  financial position in full against  equity. 
It means that the  previously unrecognized actuarial gains  and losses are  no 
longer recorded over time against profit  and loss following the then  allowed 
"corridor approach".  All  future actuarial  gains  and losses  will  also  be 
immediately recognized in other comprehensive  income (OCI). In addition,  for 
purposes of measuring  the net financial  cost on pension  liabilities/assets, 
the expected rate  of return  on assets  must be  equal to  the discount  rate 
applicable to liabilities.
[3] Lost time injury  frequency rate equals lost  time injuries per  1,000,000 
worked hours, based on own personnel and contractors.
[4] EBITDA  is  defined  as operating  income  plus  depreciation,  impairment 
expenses and exceptional items.
[5] EBITDA in  1Q 2013  of $1,565  million was  positively impacted  by a  $47 
million fair  valuation gain  relating  to the  acquisition of  an  additional 
ownership interest in  DJ Galvanizing in  Canada and $92  million, related  to 
"Dynamic Delta Hedge" (DDH) income. The DDH income recorded in 1Q 2013 was the
final instalment of such income. The gain on the unwinding of a currency hedge
related to raw  materials purchases  was initially  recorded in  equity in  4Q 
2008, and has now been fully recorded in the income statement.
[6] Market  priced  tonnes  represent  amounts  of  iron  ore  and  coal  from 
ArcelorMittal mines that could be sold  to third parties on the open  market. 
Market priced tonnes that are not  sold to third parties are transferred  from 
the Mining segment to the Company's  steel producing segments and reported  at 
the  prevailing  market  price.  Shipments  of  raw  materials  that  do  not 
constitute market priced tonnes are  transferred internally and reported on  a 
cost-plus basis.
[7] Net debt refers  to long-term debt,  plus short term  debt, less cash  and 
cash equivalents, restricted cash and short-term investments.
[8] EBITDA/t includes total group EBITDA divided by total steel shipments.
[9] ArcelorMittal Dofasco has made a number of changes to its pension plan and
health and dental benefits.Employees at Dofasco will be transitioned from  an 
existing defined benefit pension  plan to a  new defined contribution  pension 
plan.Changes to health and dental benefits will result in an increase in  the 
portion of the cost of  health benefits that is  borne by participants in  the 
plans. These changes  resulted in  a curtailment gain  of $241  million in  1Q 
2012. Under IAS 19R, the curtailment gain in Dofasco increased by $44  million 
to $285 million due to the  full underlying liability being recognized on  the 
balance sheet.
[10] Foreign exchange and other  net financing costs include foreign  currency 
swaps, bank fees, interest on  pensions, impairments of financial  instruments 
and revaluation of derivative instruments.
[11] On  June  20,  2012,  ArcelorMittal  completed  the  sale  of  its  steel 
foundation  distribution  business  in  NAFTA,  Skyline  Steel  and  Astralloy 
("Skyline Steel"), to  Nucor Corporation  for net cash  consideration of  $674 
million. The transaction  comprises 100% of  ArcelorMittal's stake in  Skyline 
Steel's operations in the NAFTA countries and the Caribbean.
[12] There are three categories of  sales: 1) "External sales": mined  product 
sold to third  parties at  market price; 2)  "Market-priced tonnes":  internal 
sales of mined product to ArcelorMittal facilities and reported at  prevailing 
market prices; 3)  "Cost-plus tonnes"  - internal  sales of  mined product  to 
ArcelorMittal facilities  on a  cost-plus basis.  The determinant  of  whether 
internal sales are reported  at market price or  cost-plus is whether the  raw 
material could practically be sold to third parties (i.e. there is a potential
market for the product and logistics exist to access that market).
[13] Rotation days  are defined as  days of accounts  receivable plus days  of 
inventory minus  days  of  accounts  payable. Days  of  accounts  payable  and 
inventory are a function of cost of goods sold of the quarter on an annualized
basis. Days of accounts receivable are a  function of sales of the quarter  on 
an annualized basis.
[14] On  January 14  and 16,  2013, ArcelorMittal  closed its  offerings  (the 
"Combined  Offering")   of  ordinary   shares  and   mandatorily   convertible 
subordinated notes ("MCNs"), respectively.  The total aggregate proceeds  from 
the Combined Offering  were approximately  $4.0 billion  (before deduction  of 
commissions  and  expenses).  The  ordinary  shares  offering  represented  an 
aggregate amount  of $1.75  billion,  representing approximately  104  million 
ordinary shares  at  an offering  price  of $16.75  (EUR  12.83 at  a  EUR/USD 
conversion rate of 1.3060) per  ordinary share. The MCN offering  represented 
an aggregate amount of  $2.25 billion. The MCNs  mature in January 2016,  were 
issued at 100% of the principal amount and will be mandatorily converted  into 
ordinary shares of ArcelorMittal at maturity, unless earlier converted at  the 
option of the  holders or ArcelorMittal  or upon certain  specified events  in 
accordance with the terms  of the MCNs.  The MCNs bear  interest of 6.00%  per 
annum, payable quarterly in arrears.  The initial minimum conversion price  of 
the MCNs is  $16.75, corresponding  to the placement  price of  shares in  the 
concurrent ordinary  shares  offering  as described  above,  and  the  initial 
maximum conversion  price  was  set  at  approximately  125%  of  the  minimum 
conversion price (corresponding to $20.94) the minimum and maximum  conversion 
prices and ratios  are subject to  adjustment upon the  occurrence of  certain 
events. The Mittal family participated  in the Combined Offering by  acquiring 
$300 million of MCNs and $300 million of ordinary shares.
[15] Includes back-up lines for the commercial paper program.
[16] Total of all  finished production of  fines, concentrate, pellets,  lumps 
and coal (includes share of production and strategic long-term contracts).
[17]  ArcelorMittal  Distribution  Solutions   shipments  are  eliminated   in 
consolidation as  they primarily  represent shipments  originating from  other 
ArcelorMittal operating subsidiaries.
[18] Operating working capital  is defined as  trade accounts receivable  plus 
inventories less trade accounts payable.
[19] Capex includes the acquisition of intangible assets (such as  concessions 
for mining and IT support) and includes payments to fixed asset suppliers.
[20] Average steel  selling prices are  calculated as steel  sales divided  by 
steel shipments.
[21] Shipments originating from a geographical location.
[22] Includes Tubular products business.
[23] Commercial paper is expected to continue to be rolled over in the  normal 
course of business.
[24] Gearing is defined as (A) 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), divided by (B)  total 
equity.

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