BUSINESS WIRE: ArcelorMittal Plans Rebar JV in Nor...

BUSINESS WIRE: ArcelorMittal Plans Rebar JV in Northern Iraq





MITTEILUNG UEBERMITTELT VON BUSINESS WIRE. FUER DEN INHALT IST ALLEIN DAS
BERICHTENDE UNTERNEHMEN VERANTWORTLICH.
------------------------------------------------------------------------



LUXEMBOURG --(BUSINESS WIRE)--16.03.2010--

Regulatory News:

ArcelorMittal announces it has signed a memorandum of understanding to
establish a joint venture with Turkish partner Dayen to build a steel
mini-mill with electric furnace in Sulaimaniyah in Northern Iraq.

The mill would produce in its initial phase up to 250,000t per year of
rebars from locally sourced scrap and require investment of USD 100m to USD
130m, jointly subscribed by ArcelorMittal and Dayen.

Construction is planned to start in the second quarter of 2010 and
production is planned to commence early in Q4 2011. Production could
eventually increase to 500,000t per year.

"There are many opportunities for ArcelorMittal to assist in the
development of the country," said Christophe Cornier, member of the Group
Management Board. "There is great demand for steel products for the local
construction industry, which we aim to meet, working closely with our
partner Dayen and the local government in Northern Iraq".

About ArcelorMittal

ArcelorMittal is the world's leading steel company, with operations 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 2009, ArcelorMittal had revenues of $65.1 billion and crude steel
production of 73.2 million tonnes, representing approximately 8 per cent of
world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam
(MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock
exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

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

[CT]

Kontakt: ArcelorMittal Investor Relations Europe, +352 4792 2652 Americas,
+1 312 899 3569 Retail, +352 4792 2434 SRI, +44 203 214 2854 Bonds/Credit,
+33 1 71 92 10 26 or ArcelorMittal Corporate Communications E-mail:
press@arcelormittal.com Phone: +352 4792 5000 or ArcelorMittal Corporate
Communications Giles Read (Head of Media Relations), +44 20 3214 2845 Arne
Langner, +352 4792 3120 Jean Lasar, +352 4792 2359 Lynn Robbroeckx, +352
4792 3193 or ArcelorMittal (Americas) Bill Steers, +1 312 899 3817 Adam
Warrington, +1 312 899 3596 or United Kingdom Maitland Consultancy David
Sturken / Martin Leeburn, +44 20 7379 5151 or France Image 7 Tiphaine
Hecketsweiler / Grégoire Lucas, +33 1 5370 7470 or Spain Ignacio Agreda,
+34 94 489 4162 Gerardo Alonso Suárez, +34 985 12 61 53 or India Abhinav
Kanchan, +91 11 467 594 05 Sunanda Sanganeria, +91 11 467 594 24

Pressekontakt:
BUSINESS WIRE
A Berkshire Hathaway Company
Sandweg 94 F
D-60316 Frankfurt a. M.
t. +49 (0)69-91 50 66-0
f. +49 (0)69-91 50 66-50
e. germany@businesswire.com
w. www.businesswire.de oder www.businesswire.com



vwd Vereinigte Wirtschaftsdienste AG
Tilsiter Straße 1
60487 Frankfurt am Main
Telefon: +49 69 50701-0
Telefax: +49 69 50701-126
E-Mail: info@vwd.com
www.vwd.comPermalink: http://www.ddpdirect.de/business_wire_arcelormittal_plans_rebar_jv_in_northern_iraq_56004.html (Dies ist eine über ddp direct verbreitete Pressemitteilung. Für denInhalt ist ausschließlich das herausgebende Unternehmen verantwortlich.) ddp direct - mehr Medien