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ArcelorMittal Raises Base Prices for Flat Carbon Products in Europe

Regulatory News:

ArcelorMittal today announces a further price increase for its flat carbon products in Europe of 40 /t. This takes the minimum base price to EUR600/t for hot rolled coil and to EUR680/t for cold rolled/coated products.

Quarto plate will increase by a minimum of 40/t for commercial grades. This comes in addition to the earlier announcement of a 50/t increase.

The new price level will be effective for all new contracts for the 2nd quarter and is implemented with immediate effect.

Todays announcement follows the final settlement for the 2008 iron ore contracts. ArcelorMittal indicated in a recent release announcing price increases of some 12 15% that further increases might be required as a result of the final outcome of the ongoing negotiations.

Christophe Cornier, CEO of ArcelorMittal Flat Carbon Europe, commented: Raw materials have reached an unprecedented cost level for our industry. It is now important to secure sufficient supply and to overcome all logistic hurdles, to make sure our customers obtain the volumes they require.

About ArcelorMittal

ArcelorMittal is the world's largest and most global steel company, with 310,000 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 28 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 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 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).

Contacts:

ArcelorMittal Investor Relations
Europe +352 4792 2414
Americas +1 312 899 3569
Retail +352 4792 2434
SRI +44 203 214 2854
Bonds/Credit +33 1 71 92 10 26
ArcelorMittal Communications
E-mail:
press@arcelormittal.com
Phone: +352 4792 5000
ArcelorMittal Corporate Communications
Nicola Davidson +44 207 543 1162 / 1172
Jean Lasar +352 4792 2359
Maitland Consultancy:
Lydia Pretzlik / Martin Leeburn + 44 20 7379 5151
Belgium
Charles-Hubert Gernaert, Comfi, +32 2 290 90 90
North America
Bill Steers +1 312 899 3817
Netherlands
Leon Melens, Smink, Van der Ploeg & Jongsma,
+31 20 647 81 81
Germany
Phoebe Kebbel, Herring Schuppener, +49 69 92 18 74 77
France
Image 7 - Anne France Malrieu /
Tiphaine Hecketsweiler +33 1 5370 7470
Spain
Ignacio Agreda +34 94 489 4162
Oscar Fleites +34 98 512 60 29
Keith Grant +34 639 760 397

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