ArcelorMittal automotive focussed investor event - Seite 2

This will be followed by a site visit tomorrow, 4 June 2015, to ArcelorMittal's automotive steel finishing plant in Sagunto, Spain, and to the Gestamp Automotive research and development facility in Barcelona.

Commenting, Brian Aranha, Head of Global Automotive and commercial coordination, said: "As part of the transition to a low-carbon economy our automotive customers are required to improve their efficiency and reduce tail pipe emissions. Some producers of other materials have sought to take advantage of this shift and question steel's ability to support the required weight-savings. The reality is very different. Our R&D department has worked very closely with our customers to develop a fantastic range of steel products that can deliver the requirements these customers are demanding in both a cost effective and environmentally friendly manner. We will continue to invest in innovative automotive steels for the future and are convinced that steel will remain the material of choice for the automotive sector." 

The company also today announces a €9 million investment at its Sagunto plant which will enable the plant to produce aluminium-silicon (Alusi) coated Usibor® hot stamping steel, becoming ArcelorMittal's fourth European plant to produce Usibor® Alusi and the second to produce large-width Usibor®. The project, which will commence this summer with first production and client approvals expected by the fourth quarter of the year, will allow ArcelorMittal to meet growing demand for innovative coatings required by the Southern European automotive market.

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate.

For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components people use in their everyday lives more energy efficient.