Regulatory News:
ArcelorMittal announces that it has agreed to a solution proposed by the federal and regional governments of Belgium regarding the CO2 quota allocation issue and will consequently prepare for the relaunch of the Seraing (Liège, Belgium) blast furnace n.6.
The federal and regional governments of Belgium met today regarding the CO2 quota allocation issue. The solution they submitted to ArcelorMittal to allow for the restart of the Seraing blast furnace involves an intervention from the part of the Regional and the Federal governments as well as from the part of the companies.
ArcelorMittal has agreed to the intervention requested from the company and is currently planning the actions needed to relaunch the Liège blast furnace with a view to start producing hot steel starting end of February.
Michel Wurth, member of ArcelorMittal's Group Management Board, in charge of Flat Carbon Europe, Automotive, Plates and R&D, expressed his satisfaction following this proposal: "We have just been informed about the solution which emerged from the Consultation Committee regarding the reopening of blast furnace n.6 in Liège. We are happy to hear that the Walloon and Federal governments were able to come up with substantial CO2 quotas within their allocation plan. I thank the authorities who have thus made possible the immediate relaunch of the blast furnace. This announcement allows us to proceed, together with the Walloon authorities and the social partners, towards this relaunch which will definitely strengthen the competitiveness and job situation in Liège and the Walloon Region".
About ArcelorMittal
ArcelorMittal is the world's number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.
ArcelorMittal is the leader in all major global 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. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal key pro forma financials for 2006 show combined revenues of USD 88.6 billion, with a crude steel production of 118 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
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information ArcelorMittal Communications
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