ArcelorMittal holds 2014 Investor Day

10 March 2014 - ArcelorMittal is today holding its 2014 Investor Day, when the company will:  

• Reiterate its 2014 guidance 
• Update its medium term roadmap to a normalised Ebitda[1] per tonne of US$150 
• Outline the recovery plan underway to improve Ebitda in its ACIS business segment 
• State that it expects global apparent steel consumption to increase by 3.5 - 4.0% this year 
• Discuss the expected returns on announced investments to develop its steel franchise businesses, including automotive 
• Provide further information on its newest facility AM/NS Calvert, acquired in partnership with NSSMC 
• Discuss the company's progress in increasing iron ore production capacity to 84 million tonnes by the end of 2015, and the potential to stretch production beyond this level with minimal additional capital
• Announce that as of 1 January 2014 ArcelorMittal has taken steps to streamline its management, reorganising its steel businesses by geography. External reporting will follow this structure under the new segments: ACIS, Brazil (and neighbouring countries), Europe, Mining and NAFTA.

Presentations will be given by: Lakshmi Mittal, chairman and CEO; Aditya Mittal, chief financial officer and CEO of ArcelorMittal Europe; Davinder Chugh, CEO of ArcelorMittal Africa and CIS, responsible for Algeria, Kazakhstan, South Africa and Ukraine, together with Marc Vereecke COO ACIS; Lou Schorsch, GMB member with responsibility for Americas and Bill Scotting, chief executive of Mining. 

Full copies of the presentations can be found on the company's website, http://corporate.arcelormittal.com/

In his presentation, Mr Mittal, chairman and CEO, will discuss "adding value in steel". The company will provide a strategic report of the progress made in 2013 despite the difficult market conditions.  ArcelorMittal will also highlight the key value drivers in the business and key enablers including: a strong balance sheet; active portfolio management; a decentralised organisational structure and the best talent. The company will draw attention to franchise development and update the market on the growth in the steel market, reaffirming its expectation of 3.5-4% growth in the global steel market in 2014.