ArcelorMittal Warszawa Inaugurates New Bar Rolling Mill

Regulatory News:

ArcelorMittal Warszawa, subsidiary of ArcelorMittal Group, today inaugurates a new bar rolling mill - one of the most advanced rolling lines in Europe, following an investment of € 80 million.

The Warsaw rolling mill is the latest ArcelorMittal investment in Poland. During the past three years, the Group invested over € 920 million in Polish steel plants. These included a hot rolling mill in Cracow, continuous casting in Dąbrowa Górnicza, a coating line in Świętochłowice, as well as the modernization of the wire rod mill in Sosnowiec.

The new bar rolling mill in Warsaw has a production capacity of 650 KT/year. The facility is very flexible and can manufacture rebars of 8–40 mm, plain bars of 16–50 mm, as well as squares, flats, equal angles and channels. It will allow ArcelorMittal Warszawa to reach one of its strategic objectives which is to provide the complete product range and secure market share by optimal service and quality. Products are mainly intended to serve the booming construction market in Poland.

Commenting on the latest ArcelorMittal investment in Poland, Gonzalo Urquijo, member of the ArcelorMittal Group Management Board said: “This investment marks the start of a new era for ArcelorMittal Warszawa, which celebrates its 50th anniversary this year. The new rolling mill completes the modern melt shop constructed at the end of the nineties and transforms the plant into a state-of-the-art mini mill. Thanks to the most advanced technologies installed, ArcelorMittal Warszawa can now further develop its production and respond to the steady demand generated by the dynamic growth of infrastructure investments in Poland.’

The rolling mill is equipped with a 160-tph walking-hearth reheating furnace connected to the existing continuous caster for direct hot charging of billets. This will result in substantial energy savings (80 kilocalories/kg). The 18-stand mill is entirely made up of heavy-duty housingless stands with automatic fast changing system for maximized mill efficiency and operational flexibility. The rolling speed is up to 18 m/s.

Note to Editors

Huta ArcelorMittal Warszawa, subsidiary of ArcelorMittal Group, is a reputed producer of carbon and specialised long products. Products manufactured by ArcelorMittal Warszawa are used in automotive, machinery engineering, bearing and construction industries. The plant employs 740 people.

In 2007 ArcelorMittal Warszawa had revenues of PLN 1 045 million (318 million €) and shipments of 477 thousand tonnes. The company’s products are sold on domestic market but also exported - mainly to Germany and other EU countries. For more information on ArcelorMittal Warszawa visit: www.arcelormittal-warszawa.com

About ArcelorMittal

ArcelorMittal is the world's leading steel company, with over 320,000 employees 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 wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge: 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 2007 ArcelorMittal had revenues of USD 105.2 billion and 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).

For more information about ArcelorMittal visit: www.arcelormittal.com