Aditya Mittal, group CFO and CEO ArcelorMittal EuropeEuropean media day, 28 November 2017

Building a world-class European steel business

Steel – the fabric of the future

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European steel market recovery continuing

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End market growth prospects in EU28 (2007=100)

2016 major investments: around €1bn

PolandKrakow: €144mDabrowa Gornica €19m

Czech RepublicOstrava: €45m

BelgiumGent and Liège: €185m

GermanyEisenhuttenstadt: €35mDuisburg / Hamburg €21m

RomaniaGalati: €38m

SpainAsturias: €226mEtxebarri: €3.6m Sagunto: €11.5mGipuzkoa €9m

FranceDunkerque: €150mFos: €56m

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Bosnia HerzegovinaZenica: €8m

LuxembourgBelval: €14mDifferdange: €17m

We have invested around €3.5bn in our European business over the last five years

Unmatched R&D capability

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• New Automotive grades: Fortiform® 1050

• Steel: the most sustainable, versatile, affordable material carmakers can use to produce safer, lighter vehicles.

• Fortiform®: the 3rd gen AHSS for cold stamping developed to complement Usibor & Ductibor hot stamping offer

• Increasing HAV in construction products: Magnelis® • Now produced in Asturias• Magnelis® is an exceptional metallic coating which

provides a breakthrough in corrosion protection • 3x better performance than galvanized steel• Self-healing effect ensures excellent edge

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JVD – a world first

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Building a world-class European steel business

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1 in 4 commercial racking systems in Europe feature our Amstrong®

structural grades

Osman Gazi Bridge, the world’s 4th longest suspension bridge, is built with our high strength steel plates

1 in 3 large pipelines bringing energy to Europe are made with ArcelorMittal steel

Practically all cars produced in Europe use our advanced high strength steel, including Press Hardenable Steel, to increase safety and reduce weight

1 in 3 European domestic ovens are made with our enamelling steel

1 in 3 steel roofs in Europe are made with our Granite® prepainted steel

50% of all new major solar farm structures produced in Europe use Magnelis®

4 out of 10 food cans in Europe are made with ArcelorMittal tinplate

Steel: The material of choice for the future

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The head of Audi’s ‘Lightweight Construction Centre’ is quoted as saying that “There will be no cars made of aluminium alone in the future. Press hardened steel will play a special role in this development. If you compare the stiffness to weight ratio, PHS is currently ahead of aluminium”.

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High speed rail

Solar power

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Off-shore windpower

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Digitalisation

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ILVA – a strategic growth initiative

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Steel: a global market

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Welcome progress against unfair trade

Key anti-dumping decisions

Cold-rolled coil

Hot-rolled coil

Quarto plate

Corrosion resistant steel

Hot-rolled anti-subsidy

Hot-rolled coil ‘5 countries’ *

* Iran, Brazil, Russia, Serbia, Ukraine

2015 2016 2017

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European steel can have a strong future;a level playing field is required

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The world’s largest photovoltaic plants based in the Middle East are using Magnelis®

1 in 2 drums produced in Europe is made with our drawing steel

1 in 3 heat shields in HVAC in Europe is made with Alusi®, our heat protection coated steel

1 in 4 European wind towers is produced with our heavy plate

1 in 4 agricultural plough discs manufactured in Europe uses our boron steel

1 in 3 small diameter welded boiler tubes in Europe is made with our steel

Our thick gauge high strength steel is used in TANAP’s +2000 km long natural gas pipeline from Turkey to Greece

1 in 3 shale gas plants worldwide uses our steel for coil tubing

Bahria Tower, Pakistan’s wtallest building, has been erected with our galvanized flooring profiles

1 in 3 large onshore transmission pipes in Europe is made with ArcelorMittal steel

1 in 2 cruise ships built in Europe is manufactured with our steel

Thanks to our steel Europe’s access to natural gas is safeguarded through the 870 km Trans-Adriatic Pipeline (TAP) connecting Europe to Turkey

1 in 2 residential steel roofs in Poland is made with ArcelorMittal’s Granite®

1 in 5 safety barriers installed in Europe uses structural steel or Magnelis® solutions for safer roads

Conclusion and Q&A

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