Fact Book 2019

Inventing smarter steels

for a better world
 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Performance highlights

Sales Revenue EBITDA Net Debt

$70,615 $5,195 $9,345

(US$ millions) (US$ millions) (US$ millions)

2019 70,615 2019 $5.2 billion 2019 $9.3 billion

2018 76,033 2018 $10.3 billion 2018 $10.2 billion
2017 68,679 2017 $8.4 billion 2017 $10.1 billion
2016 000 2016 $6.3 billion 2016 $11.1 billion

Our reporting
Our Fact Book is a central element in our commitment to engage stakeholders and communicate our financial and
non-financial performance. It forms part of our wider approach to reporting at a global and local level, supported
by reports that provide details on specific areas of our work or are designed for the use of specific stakeholder
groups. Please find details of our other reporting below.

Integrated Annual Reporting Index Basis of Reporting Climate Action 20-F Annual Report
Review Report 1

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for iOS or Android annualreview2019.arcelormittal.com
01 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Contents

02
SECTION 1 03 Key financial and operational information
Financial highlights 06 Five-year financial summary

08
SECTION 2 09 Key operational overview
Operations 11 Crude steel production quarterly by segment
12 Crude steel production by process and region
13 Steel shipments
14 Steel shipments by product type and segment
16 Sales by destination
18 Group sales by market
19 Capital expenditure

22
SECTION 3 23 Iron ore production and shipment by geography
Mining operations 26 Coal production and shipment by geography
28 Reserves (iron ore and coal)
33 Raw material

34
SECTION 4 35 Sustainability performance
Sustainability performance

38
SECTION 5 39 Key financial and operational information
Financials 44 Quarterly condensed income statement
45 Operating footprint

46
SECTION 6 47 Property, plants and equipment
Property, plants 48 NAFTA
and equipment 50 Brazil
52 Europe
54 ACIS
56 Mining

58
SECTION 7 NAFTA Europe
Production facilities 59 Canada – Contrecoeur East, West 73 Belgium – Gent, Geel, Genk, Huy, Liège
60 Canada – Hamilton 74 Bosnia and Herzegovina – Zenica
61 Mexico – Lázaro Cárdenas 75 France – Dunkerque, Mardyck, Montataire
62 USA – Burns Harbor & Desvres, Florange, Mouzon, Basse-Indre
63 USA – Cleveland and Warren 76 France – Fos-sur-Mer
64 USA – Indiana Harbour and West 77 Germany – Bremen, Bottrop
78 Germany – Eisenhüttenstadt
Brazil 79 Germany – Hamburg
65 Argentina – Villa Constitucion 80 Germany – Ruhrort, Hochfeld
66 Brazil – Tubarao, Sol and Vega 81 Italy – Taranto, Genova, Novi Ligure
67 Brazil – Juiz de Fora, Piracicaba 82 Luxembourg – Esch-Belval, Differdange
68 Brazil – João Monlevade 83 Poland – Krakow and Swietochlowice
84 Poland – Dabrowa Gornicza, Sosnowiec, ZKZ
ACIS 85 Spain – Avilés, Gijón, Etxebarri,
69 Kazakhstan – Termitau Lesaka, Sagunto
70 South Africa – Vanderbijlpark 86 Spain – Olaberría, Bergara
71 South Africa – Saldanha,
Newcastle, Vereeniging, Pretoria
72 Ukraine – Kryvyi Rih

87
SECTION 8 89 Steel making process
Additional information 91 Products and services
92 Glossary
96 Disclaimer
97 Assurance report
 02 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Section 1
FINANCIAL HIGHLIGHTS

Les Halles, Paris

03 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key financial and operational information

EBITDA Capex
EBITDA by segment (US$ millions)* Capital expenditure by segment (US$ millions)*

6
1
1
5
5

Total Total 2
2 4
5,195 3,572
4

3 3

(US$ millions) 2019 %* (US$ millions) 2019 %*

1 NAFTA 811 15 1N
 AFTA 727 21
2 Brazil 1,120 21 2 Brazil 328 10
3 Europe 1,130 22 3E
 urope 1,353 40
4 ACIS 517 10 4A
 CIS 513 15
5 Mining 1,663 32 5 Mining 480 14
 olding and service companies
H 6 Holding and service companies 171
and eliminations (46) Total 3,572 100
Total 5,195 100
*% figures presented exclude holding and service companies.
*% figures presented exclude holding and service companies
and eliminations.

Crude steel production Steel shipments

Crude steel production by segment (Mt) Steel shipments by product (Mt)

3
4
1

Total Total
89.8 2
84.5
3 1

(000’s Mt) 2019 % Products (000’s Mt) 2019 %

1 NAFTA 21,897 24 1 Flat 58,753 69

2 Brazil 11,001 12 2 Long 24,227 29
3 Europe 43,913 49 3 Pipes and tubes 1,531 2
4 ACIS 12,998 15 Total 84,511 100
Total 89,809 100
04 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key financial and operational information

Mining operations

Own iron ore production by region (Mt) Iron ore shipments and captive mines (Mt)

Total 2
Total
4
57.1 1 59.3 1
3
2

Region 2019 % Iron ore shipments 2019 %

1 North America 35.4 62 External sales – Third party 12.0

2 South America 2.3 4 Internal sales – Market priced 25.1
3 Europe 1.5 2 1 Total market priced shipments 37.1 63
4 Africa 4.4 8 2 Captive (Cost plus basis) 22.2 37
5 Asia, CIS & Other 13.5 24 Total Shipments 59.3 100
Total 57.1 100
05 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key financial and operational information

Industrial assets

Achievable crude steel capacity Blast furnace facilities and electric arc furnaces

4
1

3 Total
112Mt Blast furnaces 11 22 6 12

Electric arc furnaces 10 13 8 2

2
Key 1 NAFTA 2 Europe 3 Brazil 4 ACIS

112Mt % Furnaces Total NAFTA Europe Brazil ACIS

1 NAFTA 25 Blast furnaces 51 11 22 6 12

2 Europe 46 Electric arc furnaces 33 10 13 8 2
3 Brazil 12
4 ACIS 17
Total 100
06 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Five-year financial summary

Highlights for 2015-2019

2015 2016 2017 2018 2019

Health and safety

Lost time injury frequency rate (LTIF)1 0.81 0.82 0.78 0.69 0.75

ArcelorMittal steel operations (millions of metric tonnes)

Production of steel products 92.5 90.8 93.1 92.5 89.8
Change year/year (0.7)% (1.9)% 2.6% (0.6)% (2.9)%
Shipments of steel products 84.6 83.9 85.2 83.9 84.5
Change year/year (0.6)% (0.8)% 1.6% (1.6)% 0.8%

ArcelorMittal mining operations (millions of metric tonnes)

Mining production
Iron ore:
Own production 62.8 55.2 57.4 58.5 57.1
Long-term contract 10.9 6.9 0.9 – –
Total iron ore production 73.7 62.1 58.3 58.5 57.1
Coal:
Own production 6.1 6.3 6.3 5.9 5.5
Long-term contract 0.1 – – – –
Total coal production 6.2 6.3 6.3 5.9 5.5
Mining shipments
Iron ore:
External sales – Third party 13.7 12.3 11.7 12.7 12.0
Internal sales – Market-priced 26.7 21.3 24.0 24.9 25.1
Internal sales – Cost-plus basis 22.1 22.3 22.2 20.6 22.2
Strategic contracts 11.4 6.9 0.9 – –
Total iron ore shipments 73.9 62.8 58.8 58.2 59.3
Coal:
External sales – Third party 1.5 1.4 1.1 1.1 1.0
Internal sales – Market-priced 1.3 2.0 1.7 1.4 1.8
Internal sales – Cost-plus basis 3.2 3.4 3.5 3.3 2.9
Strategic contracts 0.1 – – – –
Total coal shipments 6.1 6.8 6.3 5.8 5.7

ArcelorMittal financials (US$ millions)

Sales 63,578 56,791 68,679 76,033 70,615
EBITDA 2
5,231 6,255 8,408 10,265 5,195
Operating (loss) / income (4,161) 4,161 5,434 6,539 (627)
Net (loss) / income attributable to equity holders of the parent (7,946) 1,779 4,568 5,149 (2,454)
Net cash provided by operating activities 2,151 2,708 4,563 4,196 6,017
Net cash used in investing activities (2,170) (1,143) (2,830) (3,759) (3,824)
Net cash provided by (used in) financing activities 395 (2,926) (1,731) (689) 514
Cash and cash equivalents and restricted cash 4,102 2,615 2,786 2,354 4,995
Property, plant and equipment 35,780 34,831 36,971 35,638 36,231
Total assets 76,846 75,142 85,297 91,249 87,908
Short-term debt and current portion of long-term debt 2,308 1,885 2,785 3,167 2,869
Long-term debt, net of current portion 17,478 11,789 10,143 9,316 11,471
Equity attributable to the equity holders of the parent 25,272 30,135 38,789 42,086 38,521
Net debt3 15,684 11,059 10,142 10,196 9,345
07 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Five-year financial summary

Highlights for 2015-2019

2015 2016 2017 2018 2019

ArcelorMittal financials per share (US$)

ArcelorMittal average share price4 25.42 16.54 25.80 30.61 18.10
Book value per share 4
32.73 31.61 38.03 41.46 38.03
Basic (loss) / earnings per share4 (10.29) 1.87 4.48 5.07 (2.42)

ArcelorMittal ratios
EBITDA margin 8.2% 11.0% 12.2% 13.5% 7.4%
Operating margin (6.5)% 7.3% 7.9% 8.6% (0.9)%
EBITDA per tonne 62 75 99 122 61

Sources: ArcelorMittal and NYSE

1 The lost-time injury frequency rate (“LTIFR”) for the Company, defined as the number of injuries per million hours worked that result in employees or
contractors taking time off work, was at 0.75 (1.21 including ArcelorMittal Italia) in 2019 compared with 0.69 in 2018 (0.73 including ArcelorMittal Italia
for the last two months of 2018).
2 EBITDA defined as operating income plus depreciation, impairment expenses and exceptional items.
3 Net debt: long-term debt, plus short-term debt less cash and cash equivalents (including those held as part of assets and liabilities held for sale). Long-term
debt and short-term debt include IFRS 16 “Leases” liabilities impact in 2019.
4 Basic (loss) earnings per common share are computed by dividing net (loss) income attributable to equity holders of ArcelorMittal by the weighted average
number of common shares outstanding during the periods presented. Diluted (loss) earnings per common share include assumed shares from stock options,
shares from restricted stock units and convertible debt (if dilutive) in the weighted average number of common shares outstanding during the periods presented.
Following the Company’s equity offering in April 2016, the (loss) earnings per share for prior periods was recast in accordance with IFRS for the year ended
December 31, 2015, to include the bonus element derived from the 35% discount to the theoretical ex-right price included in the subscription price. Following
the completion of the Company’s share consolidation of each three existing shares into one share without nominal value on May 22, 2017, the (loss) earnings
per share and corresponding basic and diluted weighted average common shares outstanding for the years ended December 31, 2016 and 2015, respectively,
have been recast in accordance with IFRS.
 08 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Section 2
OPERATIONS

D2 Tower, Paris
09 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key operational overview

Segment annually (2015-2019) and quarterly (2018-2019)

2015 2016 2017 2018 2019 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19
Crude steel production (000’s MT)
NAFTA 22,795 22,208 23,480 22,559 21,897 5,864 5,946 5,723 5,026 5,388 5,590 5,658 5,261
Brazil 11,612 11,133 11,210 12,264 11,001 2,801 3,114 3,158 3,191 3,013 2,830 2,669 2,489
Europe 43,853 42,635 43,768 44,693 43,913 11,246 11,026 10,841 11,580 12,372 12,079 10,432 9,030
ACIS 14,219 14,792 14,678 13,022 12,998 3,400 3,087 3,560 2,975 3,323 3,252 3,450 2,973
Total 92,479 90,767 93,136 92,538 89,809 23,311 23,173 23,282 22,772 24,096 23,751 22,209 19,753
Steel shipments* (000’s MT)
NAFTA 21,306 21,281 21,834 22,047 20,921 5,559 5,803 5,512 5,173 5,319 5,438 5,135 5,029
Brazil 11,540 10,753 10,840 11,464 11,192 2,483 2,831 3,097 3,053 2,880 2,785 2,810 2,717
Europe 40,676 40,247 40,941 41,020 42,352 10,697 10,516 9,709 10,098 11,553 11,811 9,698 9,290
ACIS 12,485 13,271 13,094 11,741 11,547 3,029 3,057 2,986 2,669 2,662 3,182 2,718 2,985
Total 84,586 83,934 85,242 83,854 84,511 21,349 21,731 20,538 20,236 21,826 22,773 20,185 19,727
Average steel selling price (US$/tonne)
NAFTA 732 672 742 852 810 779 853 896 882 874 836 792 731
Brazil 647 536 667 719 679 752 728 714 687 704 705 676 628
Europe 609 568 702 787 696 801 800 776 771 729 704 686 654
ACIS 432 395 515 598 517 610 621 597 561 541 536 532 460
Total 623 567 682 775 700 768 784 779 768 744 715 692 644
Revenue (US$ millions)
NAFTA 17,293 15,806 17,997 20,332 18,555 4,752 5,356 5,367 4,857 5,085 5,055 4,395 4,020
Brazil 8,503 6,223 7,755 8,711 8,113 1,988 2,191 2,103 2,429 2,156 2,126 1,929 1,902
Europe 31,893 29,272 36,208 40,488 37,721 10,641 10,527 9,559 9,761 10,494 10,396 8,796 8,035
ACIS 6,128 5,885 7,621 7,961 6,837 2,080 2,129 1,989 1,763 1,645 1,906 1,654 1,632
Mining 3,387 3,114 4,033 4,211 4,837 1,024 1,065 1,008 1,114 1,127 1,423 1,182 1,105
Holding and service
companies and eliminations (3,626) (3,509) (4,935) (5,670) (5,448) (1,299) (1,270) (1,504) (1,597) (1,319) (1,627) (1,322) (1,180)
Total 63,578 56,791 68,679 76,033 70,615 19,186 19,998 18,522 18,327 19,188 19,279 16,634 15,514
EBITDA (US$ millions)
NAFTA 891 1,719 1,703 2,471 811 440 791 744 497 350 198 123 140
Brazil 1,231 872 990 1,538 1,120 370 443 445 280 309 313 258 240
Europe 2,393 2,503 3,560 3,810 1,130 1,044 1,145 871 749 470 359 143 158
ACIS 317 678 1,027 1,405 517 363 397 447 198 145 199 128 45
Mining 462 762 1,407 1,278 1,663 349 305 281 343 420 570 372 301
Holding and service
companies and eliminations (63) (279) (279) (237) (46) (54) (8) (59) (116) (42) (84) 39 41
Total 5,231 6,255 8,408 10,265 5,195 2,512 3,073 2,729 1,951 1,652 1,555 1,063 925
Operating (loss) / income (US$ millions)
NAFTA (705) 2,002 1,185 1,889 (1,259) 308 660 612 310 216 (539) (24) (912)
Brazil 628 614 697 1,356 846 215 369 374 398 239 234 196 177
Europe 171 1,270 2,359 1,632 (1,107) 580 853 100 98 11 (301) (168) (649)
ACIS (624) 211 508 1,094 (25) 290 312 371 121 64 114 35 (238)
Mining (3,522) 366 991 860 1,215 242 198 179 241 313 457 260 185
Holding and service
companies and eliminations (109) (302) (306) (292) (297) (66) (31) (69) (126) (75) (123) (2) (97)
Total (4,161) 4,161 5,434 6,539 (627) 1,569 2,361 1,567 1,042 769 (158) 297 (1,535)
Steel EBITDA/tonne (US$/tonne)
NAFTA 42 81 78 112 39 79 136 135 96 66 36 24 28
Brazil 107 81 91 134 100 149 157 144 92 107 112 92 88
Europe 59 62 87 93 27 98 109 90 74 41 30 15 17
ACIS 25 51 78 120 45 120 130 150 74 54 63 47 15
Total** 56 65 82 107 42 101 127 119 79 56 43 34 32
EBITDA/tonne (US$/tonne)
NAFTA 42 81 78 112 39 79 136 135 96 66 36 24 28
Brazil 107 81 91 134 100 149 157 144 92 107 112 92 88
Europe 59 62 87 93 27 98 109 90 74 41 30 15 17
ACIS 25 51 78 120 45 120 130 150 74 54 63 47 15
Total*** 62 75 99 122 61 118 141 133 96 76 68 53 47
*ArcelorMittal Downstream Solutions shipments are eliminated in **Average steel EBITDA/tonne is calculated ***EBITDA/tonne is calculated as
consolidation as they primarily represent shipments originating as group EBITDA less mining divided by total group EBITDA divided by total
from other ArcelorMittal operating subsidiaries. steel shipments. steel shipments.
10 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key operational overview

Revenue by segment 2019 (US$ millions)* Steel shipments by segment 2019 (000’s Mt)*

5
4
4
1 1

Total Total
70,615 2 84,511 2

3
3

(US$ millions) 2019 %* (000’s Mt) 2019 %*

1 NAFTA 18,555 24 1 NAFTA 20,921 24

2 Brazil 8,113 11 2 Brazil 11,192 13
3 Europe 37,721 50 3 Europe 42,352 49
4 ACIS 6,837 9 4 ACIS 11,547 14
5 Mining 4,837 6 Others (1,501)
 olding and service companies
H Total 84,511 100
and eliminations (5,448)
*% figures presented exclude eliminations (1,501).
Total 70,615 100

*% figures presented exclude holding and service companies and

eliminations (5,448).

EBITDA by segment 2019 (US$ millions)* EBITDA/tonne by segment 2015-2019 (US$/tonne)

Total
2
5,195 2016

2016
42

81
107

81
59 25

62 51

4 2017 78 91 87 78

3 2018 112 134 93 120

2019 39 100 27 45

(US$ millions) 2019 %* (US$/tonne) 2015 2016 2017 2018 2019

1 NAFTA 811 15 1 NAFTA 42 81 78 112 39

2 Brazil 1,120 21 2 Brazil 107 81 91 134 100
3 Europe 1,130 22 3 Europe 59 62 87 93 27
4 ACIS 517 10 4 ACIS 25 51 78 120 45
5 Mining 1,663 32 Total 62 75 99 122 61
 olding and service
H
companies and
eliminations (46)
Total 5,195 100

*% figures presented exclude holding and service

companies and eliminations.
11 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Crude steel production quarterly by segment

Segment annually and quarterly (2018 and 2019) (000’s Mt)

(000's MT) 2018 2019 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19

1 NAFTA 22,559 21,897 5,864 5,946 5,723 5,026 5,388 5,590 5,658 5,261
2 Brazil 12,264 11,001 2,801 3,114 3,158 3,191 3,013 2,830 2,669 2,489
3 Europe 44,693 43,913 11,246 11,026 10,841 11,580 12,372 12,079 10,432 9,030
4 ACIS 13,022 12,998 3,400 3,087 3,560 2,975 3,323 3,252 3,450 2,973
Total 92,538 89,809 23,311 23,173 23,282 22,772 24,096 23,751 22,209 19,753

Crude steel production by segment (2018 and 2019 quarterly) (000’s Mt) Crude steel production by segment 2019 (000’s Mt)

1Q 18 5,864 2,801 11,246 3,400

4
2Q 18 5,946 3,114 11,026 3,087 1
3Q 18 5,723 3,158 10,841 3,560

4Q 18 5,026 3,191 11,580 2,975 Total

89,809
1Q 19 5,388 3,013 12,372 3,323

2Q 19 5,590 2,830 12,079 3,252 2

3Q 19 5,658 2,669 10,432 3,450 3

4Q 19 5,261 2,489 9,030 2,973

Key 1 NAFTA 2 Brazil 3 Europe 4 ACIS

12 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Crude steel production by process and region

Crude steel production by process and segment 2019 (000’s Mt)

(000’s Mt) Blast oxygen furnace Electric arc furnace Open hearth furnace Total crude steel %

1 NAFTA 15,965 5,932 – 21,897 24

2 Brazil 7,419 3,582 – 11,001 12
3 Europe 36,826 6,085 1,002 43,913 49
4 ACIS 11,091 989 918 12,998 14
Total 71,301 16,588 1,920 89,809 100

Crude steel production by process 2019 (000’s Mt) Crude steel production by region 2019 (000’s MT)

3 6
5
2 1

Total 4
Total
89,809 89,809 2

1
3

(000’s Mt) 2019 % (Millions of Mt) 2019 %

1 Blast oxygen furnace 71,301 79 1 North America 22 24

2 Electric arc furnace 16,588 19 2 South America 11 12
3 Open hearth furnace 1,920 2 3 West Europe 35 39
Total 89,809 100 4 Central and East Europe 9 10
5 CIS and Central Asia 9 10
6 Africa* 5 5
Total 89.8 100

*Africa includes South Africa and Morocco.

13 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Steel shipments

Segment and product types annually and quarterly (2018 and 2019) (000’s Mt)
(000’s Mt) 2018 2019 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19

Flat 19,113 18,261 4,811 5,011 4,885 4,406 4,750 4,732 4,454 4,325
Long 3,554 3,260 921 969 774 890 721 873 847 819
NAFTA 22,047 20,921 5,559 5,803 5,512 5,173 5,319 5,438 5,135 5,029
Flat 6,421 6,328 1,400 1,494 1,695 1,832 1,699 1,563 1,513 1,553
Long 5,087 4,918 1,095 1,345 1,415 1,232 1,194 1,236 1,312 1,176
Brazil 11,464 11,192 2,483 2,831 3,097 3,053 2,880 2,785 2,810 2,717
Flat 29,510 31,523 7,704 7,553 6,855 7,398 8,647 8,824 7,225 6,827
Long 11,367 10,360 2,961 2,942 2,798 2,666 2,821 2,883 2,333 2,323
Europe 41,020 42,352 10,697 10,516 9,709 10,098 11,553 11,811 9,698 9,290
CIS 7,251 7,425 1,866 1,861 1,879 1,645 1,617 2,064 1,657 2,087
South Africa 4,491 4,112 1,167 1,199 1,102 1,023 1,049 1,113 1,060 890
ACIS 11,741 11,547 3,029 3,057 2,986 2,669 2,662 3,182 2,718 2,985
Total 83,854 84,511 21,349 21,731 20,538 20,236 21,826 22,773 20,185 19,727

Note: Others and eliminations line are not presented in the table.

Steel shipments by product 2019 (000’s Mt) Steel shipments by region 2019 (000’s Mt)*

3 5
4 1

Total Total
84,511 84,511* 2

1
3

(000’s Mt) 2019 % (000’s Mt) 2019 %

1 Flat 58,753 70 1 North America 20,921 24

2 Long 24,227 29 2 South America 11,192 13
3 Pipes and Tubes 1,531 2 3 Europe 42,352 49
Total 84,511 100 4 Africa 4,112 5
5 Asia CIS and Other 7,435 9
Source: ArcelorMittal estimates.
Total* 84,511 100

*Total group shipment include intrasegment eliminations.

14 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Steel shipments by product type and segment

NAFTA steel shipments by product type 2019 (000’s Mt) BRAZIL steel shipments by product type 2019 (000’s Mt)

8 8
7 7
1
6 1
6
5
Total Total 2

4
20,921 11,192 3

2 5

4
3

Product type % Product type %

1 Hot rolled products 28 1 Hot rolled products 21

2 Cold rolled products 14 2 Cold rolled products 4
3 Coated 19 3 Coated 7
4 Slabs 18 4 Slabs 21
5 Bars & rebars 7 5 Bars & rebars 20
6 Wire rod / wire products 4 6 Wire rod / wire products 15
7 Semis 1 7 Sections 3
8 Other products 10 8 Other products 7
Total NAFTA 100 Total BRAZIL 100

EUROPE steel shipments by product type 2019 (000’s Mt) ACIS steel shipments by product type 2019 (000’s Mt)

8
8
1
7 7
1
6
Total Total
42,352 11,547
5 6 2

4 5
2 3

3 4

Product type % Product type %

1 Hot rolled products 29 1 Hot rolled products 24

2 Cold rolled products 9 2 Cold rolled products 6
3 Coated 29 3 Coated 7
4 Bars & rebars 4 4 Bars & rebars 25
5 Wire rod / wire products 7 5 Wire rod / wire products 11
6 Sections 8 6 Sections 3
7 Semis 2 7 Semis 20
8 Other products 13 8 Other products 4
Total EUROPE 100 Total ACIS 100
15 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Steel shipments by product type and segment

Group steel shipments by product type 2019 (000’s Mt)

9
8 1
7

6 Total
5
84,511 2

4
3

Product type %

1 Hot rolled products 28

2 Cold rolled products 9
3 Coated 21
4 Slabs 6
5 Bars & rebars 10
6 Wire rod / wire products 8
7 Sections 5
8 Semis 4
9 Other products 10
Group total 100
16 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Sales by destination

Americas (US$ millions)

United States 15,238

Brazil 5,094

Canada 3,004

Mexico 1,941

Argentina 814

Others 1,195

(US$ millions) 2017 2018 2019

United States 14,367 16,271 15,238

Brazil 4,149 4,982 5,094
Canada 3,034 3,563 3,004
Mexico 2,251 1,970 1,941
Argentina 1,230 960 814
Others 1,005 1,322 1,195
Total Americas 26,036 29,068 27,286

Asia & Africa (US$ millions)

South Africa 2,260

Morocco 583

Egypt 309

Rest of Africa 1,278

China 676

Kazakhstan 470

South Korea 380

India 95

Rest of Asia 1,910

(US$ millions) 2017 2018 2019

South Africa 2,560 2,742 2,260

Morocco 596 628 583
Egypt 310 206 309
Rest of Africa 1,033 1,257 1,278
China 622 608 676
Kazakhstan 392 496 470
South Korea 259 365 380
India 163 92 95
Rest of Asia 2,790 2,308 1,910
Total Asia & Africa 8,725 8,702 7,961
17 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Sales by destination

Europe (US$ millions)

Germany 5,694

Poland 3,957

France 4,114

Spain 3,855

Italy 4,317

Turkey 1,499

United Kingdom 1,434

Czech Republic 1,244

Netherlands 1,142

Belgium 1,617

Russia 876

Romania 720

Others 4,899

(US$ millions) 2017 2018 2019

Germany 5,933 6,757 5,694

Poland 3,746 4,518 3,957
France 4,051 4,431 4,114
Spain 3,751 4,265 3,855
Italy 2,711 3,333 4,317
Turkey 1,937 1,683 1,499
United Kingdom 1,370 1,471 1,434
Czech Republic 1,400 1,782 1,244
Netherlands 1,117 1,209 1,142
Belgium 1,129 1,309 1,617
Russia 1,204 1,144 876
Romania 621 708 720
Others 4,948 5,653 4,899
Total Europe 33,918 38,263 35,368

Group total 68,679 76,033 70,615

Sales by destination Group (US$ millions)

Total
70,615 (US$ millions) 2019 %

2 1 Americas 27,286 39
2 Europe 35,368 50
3 Asia & Africa 7,961 11
Total 70,615 100
18 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Group sales by market

ArcelorMittal has a diversified portfolio of steel and

mining products to meet a wide range of customer
needs across many steel-consuming sectors, including
automotive, appliance, engineering, construction,
energy and machinery and via distributors.

Group sales by market (US$ millions)

1
6

5
Total
4
70,615
2

(US$ millions) %*

1 Distribution* 28
2 Construction 17
3 Automotive 17
4 Primary transformation** 12
5 Packaging 3
6 Other steel sales*** 13
7 Other sales**** 10
Total 100

*Distribution represents the Company’s sales to external

distributors and processing facilities.
**Primary Transformation includes steel production, re-rollers
and pickling, coaters, pipes and tubes and wire and cable.
***Other steel sales mainly represents metal processing,
machinery, electrical equipment and domestic appliances.
****Other sales mainly represent mining, chemicals & water, slag,
waste, sale of energy and shipping.
19 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Capital expenditure

Capital expenditure segment annually and quarterly (2018 and 2019) (US$ millions)
(US$ millions) 2018 2019 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19

1 NAFTA 669 727 160 110 155 244 182 144 210 191
2 Brazil 244 328 47 36 59 102 84 80 68 96
3 Europe 1,336 1,353 313 226 298 499 353 337 390 273
4 ACIS 534 513 117 117 141 159 137 115 153 108
5 Mining 485 480 107 119 116 143 115 125 107 133
Total 3,305 3,572 752 616 781 1,156 947 869 941 815

Note: Others line is not presented in the table.

Capital expenditure 2019 by segment (US$ millions)

5
1

4 Total
3,572
2

(US$ millions) 2019 %*

1 NAFTA 727 21
2 Brazil 328 10
3 Europe 1,353 40
4 ACIS 513 15
5 Mining 480 14
Total 3,572 100

Note: Others line is not presented in the table.

*% figures presented exclude holding and service companies.
20 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Capital expenditure projects

The Company’s capital expenditures were $3.6 billion, $3.3 billion and $2.8 billion for the years ended December 31, 2019,
2018 and 2017, respectively. The following tables summarize the Company’s principal investment projects involving significant
capital expenditure completed in 2019 and those that are currently ongoing. In 2020, capital expenditures are expected to be
approximately $3.2 billion. ArcelorMittal expects to fund these capital expenditures primarily through internal sources.

Completed projects in most recent quarters

Region Site Project Capacity / particulars Actual completion Note #

Europe Sosnowiec (Poland) Modernization of Wire Rod Mill Upgrade rolling technology improving the mix of HAV 4Q 2019
products and increase volume by 90 thousand tonnes
ACIS ArcelorMittal Kryvyi Rih New LF&CC 3 Facilities upgrade to switch from ingot to continuous 2Q 2019
(Ukraine) caster route. Additional billets of 145 thousand tonnes
over ingot route through yield increase

Ongoing Projects*
Forecast
Region Site Project Capacity / particulars completion Note #

ACIS ArcelorMittal Kryvyi Rih New LF&CC 2 Facilities upgrade to switch from ingot to continuous 2020
(Ukraine) caster route. Additional billets of 145 thousand tonnes
over ingot route through yield increase
NAFTA Mexico New Hot Strip Mill Production capacity of 2.5 million tonnes per year 2021 1
NAFTA ArcelorMittal Dofasco Hot Strip Mill Modernization Replace existing three end of life coilers with two state 2021 2
(Canada) of the art coilers and new runout tables
NAFTA Burns Harbor (US) New walking beam Furnaces Two new walking beam reheat furnaces bringing 2021
benefits on productivity, quality and operational cost
Brazil ArcelorMittal Vega Expansion project Increase hot dipped / cold rolled coil capacity and 2022 3
construction of a new 700 thousand tonnes continuous
annealing line (CAL) and continuous galvanizing line
(CGL) combiline
Brazil Juiz de Fora Melt shop expansion Increase in melt shop capacity by On hold 4
0.2 million tonnes/year
Brazil Monlevade Sinter plant, blast furnace Increase in liquid steel capacity by 1.2 million tonnes/ On hold 4
and melt shop year; Sinter feed capacity of 2.3 million tonnes/year
Mining Liberia Phase 2 expansion project Increase production capacity to 15 million tonnes/year Under review 5

*Ongoing projects refer to projects for which construction has begun (excluding various projects that are under development), even if such projects have been
placed on hold pending improved operating conditions.
21 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Capital expenditure projects

1 On September 28, 2017, ArcelorMittal announced a major $1 billion, investment program at its Mexican operations, which is focused on building ArcelorMittal
Mexico’s downstream capabilities, sustaining the competitiveness of its mining operations and modernizing its existing asset base. The program is designed
to enable ArcelorMittal Mexico to meet the anticipated increased demand requirements from domestic customers, realize in full ArcelorMittal Mexico’s
production capacity of 5.3 million tonnes and significantly enhance the proportion of higher added-value products in its product mix, in-line with the
Company’s Action 2020 plan. The main investment will be the construction of a new hot strip mill. Upon completion, the project will enable ArcelorMittal
Mexico to produce approximately 2.5 million tonnes of flat rolled steel, approximately 1.8 million tonnes of long steel and the remainder made up of semi-
finished slabs. Coils from the new hot strip mill will be supplied to domestic, non-auto, general industry customers. The hot strip mill project commenced late
in the fourth quarter of 2017 and is expected to be completed in 2021.
2 Investment in ArcelorMittal Dofasco (Canada) to modernize the hot strip mill. The project is to install two new state of the art coilers and runout tables to
replace three end of life coilers. The strip cooling system will be upgraded and include innovative power cooling technology to improve product capability.
The project is expected to be completed in 2021.
3 In August 2018, ArcelorMittal announced the resumption of the Vega Do Sul expansion to provide an additional 700 thousand tonnes of cold-rolled annealed
and galvanized capacity to serve the growing domestic market. The three-year, $0.3 billion investment program to increase rolling capacity with construction
of a new continuous annealing line and CGL combiline (and the option to add an approximately 100 thousand tonnes organic coating line to serve construction
and appliance segments), and upon completion, will strengthen ArcelorMittal’s position in the fast growing automotive and industry markets through Advanced
High Strength Steel products. The investments will look to facilitate a wide range of products and applications whilst further optimizing current ArcelorMittal
Vega facilities to maximize site capacity and its competitiveness, considering comprehensive digital and automation technology. Project completion is expected
at the end of 2022.
4 Although the Monlevade wire rod expansion project and Juiz de Fora rebar expansion were completed in 2015, both the melt shop expansion (in Juiz de Fora)
and the sinter plant, blast furnace and meltshop (in Monlevade) projects are currently on hold and are expected to be completed upon Brazil domestic
market recovery.
5 ArcelorMittal had previously announced a Phase 2 project that envisaged the construction of 15 million tonnes of concentrate sinter fines capacity and
associated infrastructure. The Phase 2 project was initially delayed due to the declaration of force majeure by contractors in August 2014 due to the Ebola
virus outbreak in West Africa, and then reassessed following rapid iron ore price declines over the ensuing period. ArcelorMittal Liberia is now undertaking
the engineering phase of a feasibility study to identify the optimal concentration solution for utilizing the resources at Tokadeh. ArcelorMittal Liberia has
completed the detailed feasibility study to identify an optimal concentration solution for utilizing resources at Tokadeh and other deposits and is working
on the final investment submission.
 22 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Section 3
MINING OPERATIONS

ArcelorMittal Mining, Canada

23 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Iron ore production and shipment by geography

Production by mine annually (2015 – 2019) and quarterly (2019) (Millions of Mt)1
Mine Type Product 2015 2016 2017 2018 2019 1Q 19 2Q 19 3Q 19 4Q 19

Kazakhstan 2.9 2.5 2.6 2.6 2.8 0.4 0.6 0.7 1.1
Lisakovski Open Pit Concentrate 0.9 0.7 0.7 0.7 0.9 0.2 0.1 0.2 0.4
Kentube Open Pit Concentrate 0.7 0.5 0.4 0.6 0.4 0.1 0.1 – 0.2
Atasu Underground Lump & fines 0.9 0.8 1.0 0.8 0.9 – 0.2 0.3 0.4
Atansore Open Pit Lump & fines 0.4 0.4 0.5 0.5 0.6 0.1 0.2 0.1 0.2
Ukraine 11.0 9.8 9.9 10.3 10.7 2.7 2.7 2.6 2.7
Kryviy Rih Open Pit Concentrate 10.1 9.0 9.1 9.3 9.8 2.5 2.5 2.4 2.5
Kryviy Rih Underground Lump & sinter feed 0.9 0.9 0.8 0.9 0.9 0.2 0.2 0.2 0.2
Bosnia 2.1 1.8 1.6 1.4 1.5 0.3 0.4 0.4 0.4
Omarska Open Pit Concentrate & lump 2.1 1.8 1.6 1.4 1.5 0.3 0.4 0.4 0.4
Mexico2 5.3 2.9 5.1 4.7 4.2 1.0 1.0 1.0 1.1
Peña Colorada Open Pit Concentrate & pellets 1.7 1.5 1.8 2.0 1.9 0.5 0.5 0.5 0.5
Las Truchas Open Pit Concentrate, lump & fines 1.8 1.4 1.7 1.1 1.4 0.3 0.4 0.4 0.4
Volcan Open Pit Concentrate 1.7 – 1.8 1.6 0.8 0.3 0.2 0.2 0.2
Canada2 25.9 25.0 25.3 24.5 23.8 6.0 6.4 5.3 6.1
QCM (Mount Wright) Open Pit Concentrate & pellets 25.9 25.0 25.3 24.5 23.8 6.0 6.4 5.3 6.1
USA2 7.8 8.0 7.7 7.7 7.4 1.8 1.7 2.0 2.0
Hibbing Open Pit Pellets 5.1 5.2 4.8 4.9 4.7 1.0 1.2 1.2 1.3
Minorca Open Pit Pellets 2.7 2.8 2.9 2.8 2.8 0.7 0.6 0.8 0.7
Brazil 3.5 3.1 3.1 2.8 2.3 0.5 0.6 0.6 0.6
Serra Azul Open Pit Lump & fines 2.0 1.6 1.6 1.3 0.9 0.2 0.3 0.2 0.2
Andrade Open Pit Fines 1.5 1.5 1.5 1.5 1.5 0.4 0.3 0.4 0.4
Liberia 4.3 2.1 2.0 4.6 4.4 1.3 1.2 0.9 1.0

Own production 62.8 55.2 57.4 58.5 57.1 14.1 14.6 13.6 14.8

South Africa 4.3 0.8 – – – – – – –

Sishen Open Pit Lump & fines 3.0 – – – – – – – –
Thabazambi4 Open Pit Lump & fines 1.3 0.8 – – – – – – –
USA 6.6 6.1 0.9 – – – – – –
Cleveland Cliffs3 Open Pit Pellets 6.6 6.1 0.9 – – – – – –
Strategic contracts 10.9 6.9 6.9 – – – – – –

Total 73.7 62.1 58.3 58.5 57.1 14.1 14.6 13.6 14.8

1 Total of all finished production of fines, concentrate, pellets and lumps.

2 Includes own mines and share of production from Hibbing (United States, 62.3%) and Peña (Mexico, 50%).
3 Consists of a long-term supply contract with Cliffs Natural Resources.
4 The production for year ended 2015 includes purchases under strategic agreements with Sishen Iron Ore Company (Proprietary) Limited’s (SIOC) Kumba
and Thabazimbi mines (South Africa). On November 6, 2015, ArcelorMittal announced that an agreement had been reached with SIOC to amend the pricing
mechanism terms of the current iron ore supply agreement related to Kumba from a cost-based price to an Export Parity Price (EPP) with effect from
October 1, 2015. The EPP is calculated on the basis of the Platts 62% Fe CFR China Fines Index (the Index price) and, at certain price levels, ArcelorMittal
receives a discounted price. As a result of this amendment, the contract related to Kumba is no longer considered as a strategic contract since 2016.
24 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Iron ore production and shipment by geography

Iron ore production by region annually (2015-2019) and quarterly (2019) (Millions of Mt)1
Mine Type Product 2015 2016 2017 2018 2019 1Q 19 2Q 19 3Q 19 4Q 19

Concentrate, lump,
North America2 Open Pit fines and pellets 39.0 35.9 38.1 36.9 35.4 8.8 9.2 8.3 9.2
South America Open pit Lump and fines 3.5 3.1 3.1 2.8 2.3 0.5 0.6 0.6 0.6
Europe Open pit Concentrate and lump 2.1 1.8 1.6 1.4 1.5 0.3 0.4 0.4 0.4
Open Pit /
Africa Underground Fines 4.3 2.1 2 4.6 4.4 1.3 1.2 0.9 1.0
Open Pit / Concentrate, lump,
Asia, CIS & Other Underground fines and sinter feed 13.9 12.4 12.5 12.8 13.5 3.1 3.3 3.3 3.7
Own production 62.8 55.2 57.4 58.5 57.1 14.1 14.6 13.6 14.8
North America3 Open Pit Pellets 6.6 6.1 0.9 – – – – – –
Africa4 Open Pit Lump and fines 4.3 0.8 – – – – – – –
Strategic contracts 10.9 6.9 0.9 – – – – – –
Total 73.7 62.1 58.3 58.5 57.1 14.1 14.6 13.6 14.8

1 Total of all finished production of fines, concentrate, pellets and lumps.

2 Includes own mines and share of production from Hibbing (United States, 62.3%) and Peña (Mexico, 50%).
3 Consists of a long-term supply contract with Cliffs Natural Resources.
4 The production for year ended 2015 includes purchases under strategic agreements with Sishen Iron Ore Company (Proprietary) Limited’s (SIOC) Kumba
and Thabazimbi mines (South Africa). On November 6, 2015, ArcelorMittal announced that an agreement had been reached with SIOC to amend the pricing
mechanism terms of the current iron ore supply agreement related to Kumba from a cost-based price to an Export Parity Price (EPP) with effect from
October 1, 2015. The EPP is calculated on the basis of the Platts 62% Fe CFR China Fines Index (the Index price) and, at certain price levels, ArcelorMittal
receives a discounted price. As a result of this amendment, the contract related to Kumba is no longer considered as a strategic contract since 2016.

Own iron ore production (2015-2019) Total iron ore production by country 2019
(Millions of Mt) (Millions of Mt)

8 1
7

6 2

Total
57.1
2015 73.7 3

2016 62.1 4

2017 58.3
5
2018 58.5

2019 57.1

2015 2016 2017 2018 2019 (Millions of Mt) 2019 %

73.7 62.1 58.3 58.5 57.1 1 Kazakhstan 2.8 5

2 Ukraine 10.7 19
3 Bosnia 1.5 2
4 Mexico 4.2 7
5 Canada 23.8 42
6 USA 7.4 13
7 Brazil 2.3 4
8 Liberia 4.4 8
Total 57.1 100
25 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Iron ore production and shipment by geography

Iron ore shipments annually (2015-2019) and quarterly (2019) (Millions of Mt)
(Millions of Mt) 2015 2016 2017 2018 2019 1Q 19 2Q 19 3Q 19 4Q 19

External sales – Third party 13.7 12.3 12.3 12.7 12.0 3.4 3.3 2.4 2.9
Internal sales – Market priced 26.7 21.3 21.3 24.9 25.1 5.7 6.5 6.1 6.8
Total market priced shipments 40.3 33.6 33.6 37.6 37.1 9.1 9.9 8.4 9.7
Captive (Cost plus basis) 22.1 22.3 22.3 20.6 22.2 4.6 5.6 6.2 5.8
Total shipments 62.4 55.9 55.9 58.3 59.3 13.7 15.5 14.6 15.5
Strategic contracts 11.4 6.9 6.9 – – – – – –
Total shipments including
strategic contracts 73.8 62.9 62.9 58.3 59.3 13.7 15.5 14.6 15.5

There are three categories of sales: 1) “External sales”: mined product sold to third parties at market price; 2) “Market-priced tonnes”: internal sales of mined
product to ArcelorMittal facilities and reported at prevailing market prices; 3) “Cost-plus tonnes” – internal sales of mined product to ArcelorMittal facilities
on a cost-plus basis. The determinant of whether internal sales are reported at market price or cost-plus is whether the raw material could practically be sold to
third parties (i.e. there is a potential market for the product and logistics exist to access that market).

Iron ore shipments 2019

Market priced shipments – external & internal Market priced, captive and strategic contracts
(Millions of Mt) (Millions of Mt)

Total 2
Total
37.1 59.3
1
2

(Millions of Mt) 2019 % (Millions of Mt) 2019 %

1 External sales – 12.0 32 1 Market priced shipments 37.1 63

Third party (external and internal)
2 Internal sales – 25.1 68 2 Captive 22.2 37
Market priced (Cost plus basis)
Total 37.1 100 Total 59.3 100
26 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Coal production and shipment by geography

Coal production by mine (Millions of Mt)

(Millions of Mt) 2015 2016 2017 2018 2019 1Q 19 2Q 19 3Q 19 4Q 19

USA – Midvol/Concept 1.6 1.8 2.0 2.1 2.0 0.4 0.5 0.5 0.5
Kazakhstan – Karaganda 4.6 4.5 4.3 3.8 3.5 0.8 0.9 0.9 0.9
Own production 6.1 6.3 6.3 5.9 5.5 1.2 1.4 1.5 1.4
USA – Madison1 0.1 – – – – – – – –
Strategic contracts 0.1 – – – – – – – –
Total 6.3 6.3 6.3 5.9 5.5 1.2 1.4 1.5 1.4

1 Includes strategic agreement – prices on a fixed price basis.

Coal production by region annually (2015-2019) and quarterly (2019) (Millions of Mt)
(Millions of Mt) 2015 2016 2017 2018 2019 1Q 19 2Q 19 3Q 19 4Q 19

North America 1.6 1.8 2.0 2.1 2.0 0.4 0.5 0.5 0.5
Asia, CIS & Other 4.6 4.5 4.3 3.8 3.5 0.8 0.9 0.9 0.9
Own production 6.1 6.3 6.3 5.9 5.5 1.2 1.4 1.5 1.4
North America 0.1 – – – – – – – –
Strategic contracts 0.1 – – – – – – – –
Total 6.3 6.3 6.3 5.9 5.5 1.2 1.4 1.5 1.4

Coal production by mine (Millions of Mt)

Total
1

2 5.5

(Millions of Mt) 2019 %

1 USA – Midvol/Concept 2.0 36

2 Kazakhstan – Karaganda 3.5 64
Own production 5.5 100
27 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Coal production and shipment by geography

Coal shipments annually (2015-2019) and quarterly (2019) (Millions of Mt)

(Millions of Mt) 2015 2016 2017 2018 2019 1Q 19 2Q 19 3Q 19 4Q 19

External Sales – Third party 3.3 1.8 1.5 1.4 1.0 0.2 0.3 0.3 0.3
Internal sales – Market priced 1.6 2.1 1.3 2.1 1.8 0.5 0.4 0.4 0.4
Total market priced shipments 4.8 3.9 2.8 3.5 2.8 0.7 0.7 0.7 0.7
Captive (Cost plus basis) 2.9 3.3 3.2 3.4 2.9 0.7 0.7 0.8 0.7
Total shipments 7.7 7.2 6 6.9 5.7 1.4 1.4 1.5 1.4
Strategic contracts 0.8 0.7 0.1 – – – – – –
Total shipments including
strategic contracts 8.5 7.9 6.2 6.9 5.7 1.4 1.4 1.5 1.4

There are three categories of sales: 1) “External sales”: mined product sold to third parties at market price; 2) “Market-priced tonnes”: internal sales of mined
product to ArcelorMittal facilities and reported at prevailing market prices; 3) “Cost-plus tonnes” – internal sales of mined product to ArcelorMittal facilities
on a cost-plus basis. The determinant of whether internal sales are reported at market price or cost-plus is whether the raw material could practically be sold
to third parties (i.e. there is a potential market for the product and logistics exist to access that market).
28 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Reserves (iron ore and coal)

Introduction • Reserves are the part of a mineral deposit that could be

economically and legally extracted or produced at the time
ArcelorMittal has both iron ore and metallurgical coal reserves.
of the reserve determination.
The Company’s iron ore mining operations are located in the
United States, Canada, Mexico, Brazil, Liberia, Bosnia, Ukraine • Proven reserves are reserves for which (a) quantity is
and Kazakhstan. The Company’s metallurgical coal mining computed from dimensions revealed in outcrops, trenches,
operations are located in the United States and Kazakhstan. workings or drill holes; grade and/or quality are computed
from the results of detailed sampling; and (b) the sites for
The estimates of proven and probable mineral reserves at the
inspection, sampling and measurement are spaced so closely
Company’s mines and projects and the estimates of the mine
and the geologic character is so well defined that size, shape,
life included in this annual report have been prepared by
depth and mineral content of reserves are well-established.
ArcelorMittal experienced engineers and geologists,with the
exception of the Las Truchas mine in 2018 and the Las Truchas • Probable reserves are reserves for which quantity and
and San Jose mines in 2019 (consolidated as Mexico, excluding grade and/or quality are computed from information similar
Peña Colorada in the tables below) where the mineral reserve to that used for proven reserves, but the sites for inspection,
estimates were prepared by Gustavson Associates and Ukraine sampling and measurement are farther apart or are otherwise
open pit (ArcelorMittal Kryvyi Rih Open Pit), where mineral less adequately spaced. The degree of assurance, although
reserve estimates considering full life of mine design were lower than that for proven reserves, is high enough to assume
prepared by KAI Ltd. All mineral reserve estimates as of continuity between points of observation.
December 31, 2018 and 2019 were prepared in compliance
The demonstration of economic viability is established through
with the requirements of SEC Industry Guide 7.
the application of a life of mine plan for each operation or
In the CIS, ArcelorMittal has conducted in-house and project providing a positive net present value on a cash-forward
independent reconciliations of ore reserve estimate looking basis, considering the entire value chain. Economic
classifications based on SEC Industry Guide 7 and standards viability is demonstrated using forecasts of operating and
used by the State Committee on Reserves, known as the GKZ, capital costs based on historical performance, with forward
or its national equivalent, in the former Soviet Union countries. adjustments based on planned process improvements, changes
The GKZ, or its national equivalent, constitutes the legal in production volumes and in fixed and variable proportions of
framework for ore reserve reporting in former Soviet Union costs, and forecasted fluctuations in costs of raw material,
countries, where ArcelorMittal operates mines. Based on supplies, energy and wages. Mineral reserve estimates are
these reconciliations, ArcelorMittal’s mineral reserves have updated annually in order to reflect new geological information
been estimated by applying mine planning, technical and and current mine plan and business strategies. The Company’s
economic assessments defined as categories A, B and C1 reserve estimates are of in-place material after adjustments
according to the GKZ standards. In general, provided Industry for mining depletion and mining losses and recoveries, with
Guide 7’s economic criteria are met (which is the case here), no adjustments made for metal losses due to processing. For
Category A+B is equivalent to “proven” and C1 is equivalent a description of risks relating to reserves and reserve estimates,
to “probable” reserves. see “Item 3.D-Key information-Risk factors-Risks related to
ArcelorMittal’s Mining Activities-ArcelorMittal’s reserve
estimates may materially differ from mineral quantities that it
may be able to actually recover; ArcelorMittal’s estimates of
mine life may prove inaccurate; and market price fluctuations
and changes in operating and capital costs may render certain
ore reserves uneconomical to mine”.
29 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Reserves (iron ore and coal)

Detailed independent verifications of the methods and The Company’s mineral leases are of sufficient duration
procedures used are conducted on a regular basis by external (or convey a legal right to renew for sufficient duration) to
consultants and mineral reserves are reviewed on a rotating enable all ore reserves on the leased properties to be mined in
basis. In 2019, SRK Consulting (UK) Limited conducted the accordance with current production schedules. The Company’s
independent audit of the mineral reserve estimates for mineral reserves may include areas where some additional
ArcelorMittal Kazakhstan’s iron ore open pit and underground approvals remain outstanding but where, based on the technical
operations confirming the accuracy of the 2018 iron ore investigations the Company carries out as part of its mine
estimates. SRK Consulting (UK) Limited also conducted the planning process and its knowledge and experience of the
review of the current life of mine plan being used as a basis approvals process, the Company expects that such approvals
for the 2019 coal mineral reserves estimates for ArcelorMittal will be obtained as part of the normal course of business
Kazakhstan’s Karaganda coal operations. Recommendations and within the timeframe required by the current life of
made by SRK Consulting (UK) Limited in relation to the mineral mine schedule.
reserves estimate for 2019 are being implemented by
The reported iron ore and coal reserves contained in this annual
ArcelorMittal and confirmation of reserves will be completed
report do not exceed the quantities that the Company estimates
in 2020 in a timely manner following implementation of
could be extracted economically if future prices were at similar
recommendations. Furthermore, in 2019, the compilation of
levels to the average contracted price for the three years ended
mineral reserve estimates for ArcelorMittal Ukraine’s open pit
December 31, 2019. The average iron ore spot reference price
(ArcelorMittal Kryvyi Rih Open Pit), considering full life of mine
for the last three years (2017-2019) was $78.24 per tonne
design, were prepared by KAI with support from ArcelorMittal’s
(delivered to China, Qingdao 62% Fe US $ per tonne, Metal
local team, and figures were independently reviewed by SRK
Bulletin). For the same period, the average coal spot reference
Consulting (Canada) Inc. Improvement actions were proposed
price was $190.20 per tonne (Premium HCC FOB Aus, Metal
and will be implemented during 2020 with the support of SRK
Bulletin). The Company establishes optimum design and future
Consulting (Canada) Inc. In 2018, iron ore mineral reserve
operating cut-off grade based on its forecast of commodity
estimates for ArcelorMittal’s properties Fire Lake and Mount
prices and operating and sustaining capital costs. The cut-off
Wright in Canada (AMMC) were independently audited by SRK
grade varies from operation to operation and during the life
Consulting (Canada) Inc, and no material changes to the 2018
of each operation in order to optimize cash flow, return on
iron ore reserve estimates were recommended. Improvement
investments and the sustainability of the mining operations.
points were proposed and addressed during 2019 with the
Such sustainability in turn depends on expected future operating
support of SRK Consulting (Canada) Inc. This is reflected
and capital costs. The reserve base can vary from year to year
in the 2019 year-end reserve estimates. Following the
due to the revision of mine plans in response to market and
recommendation in 2018, in 2019 SRK Consulting (Canada) Inc.
operational conditions, in particular market price. See “2019
conducted pit optimization and strategic mine planning,
30F-Item 3.D-Key information-Risk factors-Risks related to
designed ultimate pits and phases, and assisted in developing
ArcelorMittal’s Mining Activities-ArcelorMittal’s reserve
a long-term production schedule with up to date technical and
estimates may materially differ from mineral quantities that
economical parameters with respect to AMMC’s 2019 iron ore
it may be able to actually recover; ArcelorMittal’s estimates of
mineral reserve estimates. A second independent consultant
mine life may prove inaccurate; and market price fluctuations
Breton, Banville and Associates (BBA) conducted a review of
and changes in operating and capital costs may render certain
the overall work performed by SRK Consulting (Canada) Inc.,
ore reserves uneconomical to mine”.
further detailed it and confirmed increased iron ore mineral
reserves for Canada in 2019. Tonnage and grade estimates are reported as ‘Run of Mine’.
Tonnage is reported on a wet metric basis.
ArcelorMittal owns less than 100% of certain mining operations;
mineral reserve estimates have not been adjusted to reflect
ownership interests and therefore reflect 100% of mineral
reserves of each mine. Please see the table below for
ArcelorMittal’s ownership interest in each mine. All of the
reserves presented are estimates at December 31, 2019
(unless otherwise stated).
Mine life is derived from the life of mine plans and corresponds
to the duration of the mine production scheduled from mineral
reserve estimates only.
30 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Reserves (iron ore and coal)

Iron ore reserve estimates

The table below details ArcelorMittal’s estimated iron ore reserves as of December 31, 2019. The classification of the iron ore
reserve estimates as proven or probable reflects the variability in the mineralization at the selected cut-off grade, the mining
selectivity and the production rate and ability of the operation to blend the different ore types that may occur within each deposit.
At ArcelorMittal mining operations, proven iron ore reserve estimates are typically based on drill hole spacing ranging from
25m x 25m to 100m x 100m, and probable iron ore reserve estimates are based on drill hole spacing ranging from 50m x 50m
to 300m x 300m.

As of December 31, 2019 As of December 31, 2018

Proven Ore Reserves Probable Ore Reserves Total Ore Reserves Total Ore Reserves

Millions of Millions of Millions of Millions of

Tonnes % Fe Tonnes % Fe Tonnes % Fe Tonnes % Fe

Canada 2,154 29.5 251 29.4 2,405 29.5 2,114 30.1

Minorca – USA 123 23.6 7 25.3 130 23.7 101 23.5
Hibbing – USA 106 19.8 25 19.6 131 19.8 159 19.6
Mexico (Excluding Peña Colorada) 9 36.6 107 30.7 116 31.2 124 32.4
Peña Colorada – Mexico 97 21.8 104 21.3 201 21.5 211 21.5
Brazil 52 55.5 41 49.4 93 52.8 95 53.0
Liberia 6 52.2 474 47.8 480 47.9 484 48.0
Bosnia 6 48.5 6 45.6 12 47.0 14 46.1
Ukraine open pit 71 33.6 538 34.5 609 34.4 129 33.5
Ukraine Underground 8 54.4 19 54.4 27 54.4 28 54.4
Kazakhstan open pit 2 37.8 120 39.3 122 39.3 260 39.4
Kazakhstan Underground 1 42.0 21 45.4 22 45.2 23 45.4
Total 4,348 32.4 3,742 33.1
31 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Reserves (iron ore and coal)

Supplemental information on iron ore operations

The table below provides supplemental information on the producing mines.

2019 Run of Mine 2019 Saleable Estimated

In Operation Production Production Mine Life
Operations/Projects % Ownership Since (Million Tonnes)* (Million Tonnes)1* (Years)2

Canada 85 1976 66.4 23.8 34

Minorca – USA 100 1977 8.5 2.8 15
Hibbing – USA 62 1976 28.4 7.5 6
Mexico (Excluding Peña Colorada) 100 1976 7.1 2.2 17
Peña Colorada – Mexico 50 1974 7.9 3.9 13
Brazil 100 1944 3.2 2.3 43
Liberia 85 2011 4.3 4.4 23
Bosnia 51 2008 1.9 1.5 8
Ukraine Open Pit 95 1959 23.6 9.8 26
Ukraine Underground 95 1933 0.9 0.9 29
Kazakhstan Open Pit 100 1976 3.2 1.9 50
Kazakhstan Underground 100 1956 1.7 0.9 10

1 Saleable production is constituted of a mix of direct shipping ore, concentrate, pellet feed and pellet products which have an iron content of approximately
64% to 66%. Exceptions in 2019 included the shipping of ore produced in Bosnia, Ukraine Underground and the Kazakhstan mines which have an iron content
ranging between approximately 50% to 60% and are solely for internal use at ArcelorMittal’s regional steel plants. The direct shipping ore produced from
Liberia had an average iron content of approximately 62% in 2019 while the sinter fines produced for external customers in Brazil from the Serra Azul
operations averaged approximately 63% and the lumps averaged 54%.
2 The estimated mine life reported in this table corresponds to the duration of the production schedule of each operation based on the 2019 year-end iron ore
reserve estimates only. The production varies for each operation during the mine life and as a result the mine life is not the total reserve tonnage divided by
the 2019 production. ArcelorMittal believes that the life of these operations will be maintained as exploration and engineering studies confirm the economic
potential of the additional mineralization already known to exist in the vicinity of these iron ore reserve estimates.
*Represents 100% of production.

Changes in iron ore mineral reserve estimates: 2019 versus 2018

The Company’s iron ore mineral reserve estimates had a net increase of 606 million metric tonnes of Run of Mine and a 0.7%
decrease in iron ore content between December 31, 2018 and 2019. This increase in reserves includes an addition of 903 million
metric tonnes, mainly attributed to new interpretations and life of mine design at Ukraine open pit, Canada and Minorca – USA.
However, this was partially offset by a downgrade of 141 million tonnes mainly attributable to Kazakhstan open pit operations
and 157 million tonnes of mining depletion during 2019.
32 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Reserves (iron ore and coal)

Metallurgical Coal Reserve Estimates

The table below details ArcelorMittal’s estimated metallurgical coal reserves as of December 31, 2019. The classification of coal
reserve estimates as proven or probable reflects the variability in the coal seams thickness and quality, the mining selectivity
and the planned production rate for each deposit. Proven coal reserve estimates are based on drill hole spacing ranging from
50m x 50m to 500m x 500m, and probable coal reserve estimates are based on drill hole spacing ranging from 100m x100m
to 1,000m x 1,000m.
As of December 31, 2019 As of December 31, 2018

Proven Coal Reserves Probable Coal Reserves Total Coal Reserves Total Coal Reserves

Wet Wet Wet Wet

ROM Recoverable ROM Recoverable ROM Recoverable Recoverable
Millions Million Millions Million Millions Million Ash Sulfur Volatile Millions Million
of Tonnes Tonnes of Tonnes Tonnes of Tonnes Tonnes (%) (%) (%) of Tonnes Tonnes

Princeton – USA 66 42 24 10 90 52 5 0.7 18 94 56

Karaganda – Kazakhstan 9 4 101 46 110 50 35 0.6 29 110 54
Total 200 102 19 0.6 23 204 110

Note: Ash (%), Sulfur (%) and Volatile (%) for Princeton – USA shown in the table above are the in-situ coal qualities, whereas the Ash (%), Sulfur (%) and
Volatile (%) for Karaganda – Kazakhstan are Run of Mine coal qualities.

The table below provides supplemental information on the producing mines.

2019 Run of Mine 2019 Wet Recoverable
Production Production Estimated Mine Life
Operations/Projects % Ownership In Operation Since (Million Tonnes) (Million Tonnes) (Years)1

Princeton – USA 100 1995 3.6 2.0 33

Karaganda – Kazakhstan 100 1934 9.6 3.5 10

1 The estimated mine life reported in this table corresponds to the duration of the production schedule of each operation based on the 2019 year-end
metallurgical coal reserve estimates only. The production varies for each operation during the mine life and as a result the mine life is not the total reserve
tonnage divided by the 2019 production. ArcelorMittal believes that the life of these operations will be significantly expanded as exploration and engineering
studies confirm the economic potential of the additional mineralization already known to exist in the vicinity of these estimated coal reserves.

Changes in Metallurgical Coal Reserve Estimates: 2019 versus 2018

The Company’s metallurgical coal reserve estimates had a net decrease of 4 million tonnes of Run of Mine coal between December
31, 2018 and 2019. This decrease includes the mining depletion of 14 million tonnes. However, this was offset by an increase
of 10 million tonnes in Princeton – USA, primarily due to a reinterpretation of modifying factors and extension of life of mine by
one year at Karaganda – Kazakhstan coal operations. The reporting of recoverable coal reserves from Kazakhstan excludes the
recoverable coal which in theory could be used for metallurgical applications, but which in practice is sold and used as thermal
coal by ArcelorMittal at its steel plant facilities.
33 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Raw material

Raw material consumption

(Millions of metric tonnes) 2015 2016 2017 2018 2019

Iron Ore 116 115 119 118 115

PCI & Coal1 44 46 48 48 46
Coke 29 29 29 28 28
Scrap & DRI 37 34 35 36 34

1 Includes coal only for the steelmaking process and excludes steam coal for power generation. ArcelorMittal’s consumption of PCI and coal was 9.6 million
tonnes and 36.9 million tonnes, respectively, for the year ended December 31, 2019.
 34 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Section 4
SUSTAINABILITY PERFORMANCE

Wind turbine tower during manufacturing process at Dacero, Avilés.

35 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Sustainability performance data table 20191

Performance
Metric Unit 2017 2018 2019

Crude steel production1 Mt 93.1 92.5 89.8

1. Safe, healthy, quality working lives for our people
Number of employees (total) number 197,108 208,583 191,248
Number of contractors (total) number 43,368 44,855 43,091
Fatalities (total) number 23 10 21
Fatalities (steel) number 19 10 12
Fatalities (mining) number 4 0 9
Fatalities (own personnel) number 16 5 11
Fatalities (contractors) number 7 5 10
Fatality rate (steel) per million hours worked 0.04 0.02 0.02
Fatality rate (mining) per million hours worked 0.06 0.00 0.12
Lost-time injury rate (total) 2
per million hours worked 0.78 0.69 0.75
Lost-time injury rate (total) including AM Italia per million hours worked – 0.73 1.21
Lost-time injury rate (steel)2 per million hours worked 0.78 0.70 0.73
Lost-time injury rate (mining) per million hours worked 0.77 0.61 0.97
Lost-time injury rate (own personnel)2 per million hours worked 0.83 0.68 1.37
Lost-time injury rate (contractors)2 per million hours worked 0.67 0.65 0.93
Lost-time injury rate AM Italia per million hours worked – 8.20 11.13
Accident severity rate (total)2 per thousand hours worked 0.08 0.07 0.08
Accident severity rate (steel) 2
per thousand hours worked 0.08 0.08 0.09
Accident severity rate (mining) per thousand hours worked 0.09 0.09 0.08
Total recordable injury frequency rate (total)2, 3 n /million work h 4.83 4.58 4.79
Total recordable injury frequency rate (steel)2, 3 n /million work h 4.97 4.98 5.15
Total recordable injury frequency rate (mining)3 n /million work h 4.08 2.46 2.95
Total recordable injury frequency rate (own personnel)2, 3 n /million work h 5.08 4.84 5.28
Total recordable injury frequency rate (contractors)2, 3 n /million work h 4.24 4.05 3.8
Manager turnover rate % 2.7 2.2 2.3
Industrial operations (including mining) certified to OHSAS 180014 % 98 98 92
Employees covered by collective bargaining agreements % 88 88 88
Number of strikes exceeding one week in duration number 0 4 2
Number of training hours per employee5 hours 49 56 57
Women on the Board of Directors % 33 33 33
Women in management positions (manager and above positions) % 12 12 13
– Vice presidents % 6 6 7
– General managers % 6 7 8
– Managers % 14 14 14
Women in key position succession plans (general manager and positions above) % – 12 13
Women recruited (exempt population) % – 27 28
2. Products that accelerate more sustainable lifestyles
Research and development spend $ (million) 278 290 301
Number of LCA studies undertaken number 23 32 27
Products for outcome 2 launched number 21 15 11
Programmes for outcome 2 in development number 18 17 16
3. Products that create sustainable infrastructure
Products for outcome 3 launched number 21 11 31
Programmes for outcome 3 in development number 19 21 17
4. Efficient use of resources and high recycling rates
Raw materials used by weight:
– Iron ore million tonnes 118.6 118.3 115.2
– Pulverised coal injection (PCI) and coal million tonnes 47.8 47.9 46.5
36 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Sustainability performance data table 20191

Performance
Metric Unit 2017 2018 2019

– Coke million tonnes 28.9 28.2 27.8

– Scrap and direct reduced iron (DRI) million tonnes 35.4 36.3 34.4
Steel scrap recycled million tonnes 29.4 28.6 26.2
CO2 avoided from steel scrap recycled million tonnes 38.2 37.2 34.0
Blast furnace slag re-used (total) million tonnes 20.5 20.1 21.3
BF slag to cement industry million tonnes 10.2 12.4 14.8
CO2 avoided from slag re-use in cement industry million tonnes 7.8 9.5 11.3
Production residues to landfill/waste (steel) % 7.6 7.7 8.2
Production residues to landfill/waste (mining) % 35.0 22.4 25.3
Production residues and by-products re-used (steel) % 92.4 92.3 91.8
Production residues and by-products re-used (mining) % 65.0 77.6 74.7
5. Trusted user of air, land and water
Approvals for environmental capital investment projects $ (million) 158 405 692
Industrial operations certified to ISO 14001 (steel) 6
% 98 98 98
Industrial operations certified to ISO 14001 (mining) % 48 48 60
Air
Absolute dust emissions (steel) thousand tonnes 62.9 55.4 55.5
Dust intensity (steel) kg/tonne of steel 0.67 0.61 0.63
Absolute NOx emissions (steel) thousand tonnes 108.6 102.0 101.1
NOx intensity (steel) kg/tonne of steel 1.17 1.11 1.15
Absolute SOx emissions (steel) thousand tonnes 150.2 166.2 158.0
SOx intensity (steel) kg/tonne of steel 1.62 1.82 1.80
Absolute dust emissions (mining) thousand tonnes 6.3 13.1 11.0
Absolute NOx (mining) thousand tonnes 13.9 13.2 12.6
Absolute SOx (mining)6 thousand tonnes 8.8 20.7 15.1
Water
Freshwater intake (steel) m3/tonne of steel 22.7 22.2 21.18
Proportion of water extraction from ground water sources % 0.6 0.6 1.6
Water discharge (steel) m3/tonne of steel 18.8 18.3 18.4
Net water use (steel) m3/tonne of steel 3.9 3.9 3.4
6. Responsible energy user that helps create a lower carbon future
Approvals for energy efficiency capital investment projects $ (million) 373 247 711
Energy intensity (steel) GJ/tonne of steel 24.0 24.0 24.2
Primary energy consumption (steel)* million GJ (PJ) 2,227 2,196 2,124
– Energy recovered and reused on site, as % of total % 23.8 24.0 23.8
– Energy from renewable sources, as % of total % 0.17 0.23 0.23
– Energy sold by type (heat, steam or electricity) as % of total % 1.1 1.0 1.4
– Electricity from renewable and recovered energy sources as % of total electricity consumed % – – 44
Absolute CO2e footprint (steel and mining)* million tonnes 207.9 204.1 196.1
– Scope 1 CO2e million tonnes 179.7 174.9 169.7
– Scope 2 CO2e million tonnes 15.1 14.4 12.6
– Scope 3 CO2e million tonnes 13.2 14.8 13.7
Absolute CO2e footprint (steel)* million tonnes 195.9 194.1 185.3
– Scope 1 CO2e (steel) million tonnes 169.7 167 161.1
– Scope 2 CO2e (steel) million tonnes 13.2 12.5 10.7
– Scope 3 CO2e (steel) million tonnes 13 14.6 13.5
Absolute CO2e footprint (mining)*7 million tonnes 12.1 10 10.7
– Scope 1 CO2e (mining) million tonnes 10.0 7.8 8.6
– Scope 2 CO2e (mining) million tonnes 2 2 2
– Scope 3 CO2e (mining) million tonnes 0.1 0.1 0.1
37 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Sustainability performance data table 20191

Performance
Metric Unit 2017 2018 2019

CO2 intensity (steel)* tCO2e/tonne of steel 2.11 2.12 2.12

– CO2 intensity (BF only) tCO2e/tonne of steel 2.30 2.34 2.33
– CO2 intensity (EAF only) tCO2e/tonne of steel 0.60 0.63 0.65
% sites below ArcelorMittal carbon efficiency benchmark % 50 44 48
Carbon footprint intensity improvement since 2007 (target = 8% by 2020)8 % 6.2 5.6 5.3
7. Supply chains our customers trust
Global procurement suppliers evaluated against code for responsible sourcing number 357 405 355
8. Active and welcomed member of the community
9. Pipeline of talented scientists and engineers for the future
Community investment spend (including STEM spend) $ (million) 29.1 30.5 30.3
– of which, voluntary spend $ (million) 18.8 20.7 18.1
– of which, spend on STEM projects $ (million) 7.1 9.9 7.4
10. Our contribution to society measured, shared and valued
Estimated direct economic contribution $ (million) 68,143 74,776 76,419
of which:
– Total tax contribution $ (million) 4,381 4,849 4,479
– Corporate Income tax $ (million) 507 629 479
– Local taxes $ (million) 381 406 331
– Payroll taxes $ (million) 3,334 3,382 3,296
–Other taxes including royalties $ (million) 157 157 373
– Employee salaries, wages and pensions $ (million) 9,046 9,502 9,069
– Supplier and contractor payments $ (million) 50,498 55,966 53,740
– Capital expenditure $ (million) 2,819 3,305 3,572
– Dividends and payments to creditors $ (million) 1,092 864 1,080
Number of country-level corporate responsibility/sustainability reports number 16 16 12
Country-level reports adhering to GRI % 81 81 82
Transparent good governance
Number of Board of Directors self-assessments number 1 1 1
% of employees completed code of business conduct training % 85 88 89
% of employees completed anti-corruption training % 82 90 95
% of employees completed human rights training % 66 94 90
Number of operations with a local confidential whistleblowing system number 30 27 30
Whistleblowing complaints received via Internal Audit number 160 158 162

*2019 data independently assured by DNV GL. See their Assurance statement on p.96.
Note: The indicators in this table have been developed over the period 2007-2019 in line with the expectations of the Global Reporting Initiative, the Sustainability
Accounting Standards Board and the KPIs used by the Company. All methodologies can be found in the Basis of Reporting. In 2014, we adopted 10 new sustainable
development outcomes, and although these indicators were not selected to measure progress against these outcomes, they are listed here under our 10 outcomes
for ease of reference. KPIs the company has identified as metrics that are useful for driving and tracking progress, are marked in bold. Environmental data presented
in this table are provisional except where assured by DNV GL.
1 All 2019 intensity metrics in this table are calculated using full year production data from all sites, except ArcelorMittal Galati and ArcelorMittal Ostrava which
were sold on June 30, 2019, from which date data was not available. Both operations produced 2.2mt of crude steel in 2019 up to the date of sale, and therefore
this amount was subtracted from our consolidated crude steel production figure to provide a denominator for all intensity calculations (89.8mt-2.2mt=87.6mt).
2 Where indicated, LTIFR data does not include Ilva (subsequently renamed ArcelorMittal Italia), acquired on November 1, 2018, which is shown separately;
AFR and TRIR data includes ArcelorMittal Italia.
3 For 2018 and 2019 data, the scope covers all companies with an activity during the year, irrespective of their activity status as of Dec 31st of that year.
For 2017 data, the scope covers active sites as of Dec 31st 2017.
4 The boundary for this metric was revised in 2019 to include only ‘major sites’. Please refer to Basis of Reporting for further details.
5 Data does not include the training data for Ilva (subsequently renamed ArcelorMittal Italia).
6 2019 data excludes Monesson and Double G sites (US).
7 The factor used to calculate the CO2 equivalent of our methane emissions has been updated in the 2019 report to 28 from 21. Methane data for 2017 and 2018
have been restated to reflect this change.
8 Refers to carbon intensity of sites we operate today that we operated in 2007. Since the operation perimeter changes from year to year, the baseline is not
constant. Please see further explanation in Basis of Reporting. See Integrated Annual Review for an explanation of our underlying carbon performance.
 38 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Section 5
FINANCIALS

The Samuel de Champelain bridge, Canada.

39 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key financial and operational information

In millions of $US dollars, unless otherwise stated.

2019
NAFTA Brazil Europe ACIS Mining Total

FINANCIAL INFORMATION (AUDITED)

Sales 18,555 8,113 37,721 6,837 4,837 70,615
Depreciation (570) (274) (1,256) (364) (448) (3,067)
Impairment 1
(1,300) – (525) (102) – (1,927)
Exceptional charges2 (200) – (456) (76) – (828)
Operating (loss) / income (1,259) 846 (1,107) (25) 1,215 (627)
Operating margin (as a percentage of sales) (6.8)% 10.4% (2.9)% (0.4)% 25.1% (0.9)%
EBITDA 811 1,120 1,130 517 1,663 5,195
EBITDA margin (as a percentage of sales) 4.4% 13.8% 3.0% 7.6% 34.4% 7.4%
Capital expenditure 727 328 1,353 513 480 3,572
OPERATIONAL INFORMATION (UNAUDITED)
Crude steel production (thousand of metric tonnes) 21,897 11,001 43,913 12,998 – 89,809
Steel shipments (thousand of metric tonnes) 20,921 11,192 42,352 11,547 – 84,511
Average steel selling price (US$/t) 810 679 696 517 – 700
Employees (FT equivalent) 25,159 18,696 74,149 41,284 30,345 191,248

1 Impairment charges for 12M 2019 were $1.9 billion related to impairment of the fixed assets of ArcelorMittal USA ($1.3 billion) following impairment
assessments performed in the second and fourth quarters of 2019, primarily resulting from decreases in the near-term average selling prices assumptions,
remedy asset sales for the ArcelorMittal Italia acquisition ($0.5 billion) and $0.1 billion impairment costs in South Africa.
2 Exceptional charges for 12M 2019 primarily include inventory related charges in NAFTA and Europe following a period of exceptionally weak steel pricing.
Notes:
• EBITDA defined as operating income plus depreciation, impairment expenses, restructuring and exceptional charges.
• Sales amounts are prior to inter-segment eliminations (except for total) and includes non-steel sales.
• Steel shipments are prior to inter-segment eliminations (except for total).
• Margin analysis calculated on the unrounded values.
• Total column includes holding and service companies and eliminations.

Number of employees

6
1
5

Total
4
191,248
3

Full time equivalent 2019 %

1 NAFTA 25,159 13
2 Brazil 18,696 10
3 Europe 74,149 39
4 ACIS 41,284 21
5 Mining 30,345 16
6 Others 1,615 1
Total 191,248 100
40 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key financial and operational information

In millions of $US dollars, unless otherwise stated.

2018
NAFTA Brazil Europe ACIS Mining Total

FINANCIAL INFORMATION (AUDITED)

Sales 20,332 8,711 40,488 7,961 4,211 76,033
Depreciation (522) (298) (1,195) (311) (418) (2,799)
Impairment charges net of purchase gains 1
– (86) (724) – – (810)
Exceptional (charges) / income 2
(60) 202 (259) – – (117)
Operating income 1,889 1,356 1,632 1,094 860 6,539
Operating margin (as a percentage of sales) 9.3% 15.6% 4.0% 13.7% 20.4% 8.6%
EBITDA 2,471 1,538 3,810 1,405 1,278 10,265
EBITDA margin (as a percentage of sales) 12.2% 17.7% 9.4% 17.6% 30.3% 13.5%
Capital expenditure 669 244 1,336 534 485 3,305
OPERATIONAL INFORMATION (UNAUDITED)
Crude steel production (thousand of metric tonnes) 22,559 12,264 44,693 13,022 – 92,538
Steel shipments (thousand of metric tonnes) 22,047 11,464 41,020 11,741 – 83,854
Average steel selling price (US$/t) 852 719 787 598 – 775
Employees (FT equivalent) 26,550 19,555 88,768 41,544 30,579 208,583

1 Impairment charges of $1.0 billion primarily related to the remedy asset sales in connection with the Ilva acquisition and the agreed remedy package required
for the approval of the Votorantim acquisition, partially offset by a $0.2 billion bargain purchase gain relating to the acquisition of ArcelorMittal Italia.
2 Exceptional (charges)/ income for 12M 2018 was $117 million impacted by $113 million in charges related to a blast furnace dismantling in Florange (France),
$60 million in charges related to the new collective labor agreement in the United States (including a signing bonus), a $146 million provision taken in the first
quarter of 2018 in respect of a litigation case that was paid in the third quarter of 2018, offset in part by the recognition in Brazil of $202 million in PIS/Cofins
tax credits related to prior periods.
Notes:
• EBITDA defined as operating income plus depreciation, impairment expenses, restructuring and exceptional (charges) / income.
• Sales amounts are prior to inter-segment eliminations (except for total) and includes non-steel sales.
• Steel shipments are prior to inter-segment eliminations (except for total).
• Margin analysis calculated on the unrounded values.
• Total column includes holding and service companies and eliminations.
41 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key financial and operational information

In millions of $US dollars, unless otherwise stated.

2017
NAFTA Brazil Europe ACIS Mining Total

FINANCIAL INFORMATION (AUDITED)

Sales 17,997 7,755 36,208 7,621 4,033 68,679
Depreciation (518) (293) (1,201) (313) (416) (2,768)
Impairments 1
– – – (206) – (206)
Operating income 1,185 697 2,359 508 991 5,434
Operating margin (as a percentage of sales) 6.6% 9.0% 6.5% 6.7% 24.6% 7.9%
EBITDA 1,703 990 3,560 1,027 1,407 8,408
EBITDA margin (as a percentage of sales) 9.5% 12.8% 9.8% 13.5% 34.9% 12.2%
Capital expenditure 466 263 1,143 427 495 2,819
OPERATIONAL INFORMATION (UNAUDITED)
Crude steel production (thousand of metric tonnes) 23,480 11,210 43,768 14,678 – 93,136
Steel shipments (thousand of metric tonnes) 21,834 10,840 40,941 13,094 – 85,242
Average steel selling price (US$/t) 742 667 702 515 – 682
Employees (FT equivalent) 26,324 18,058 78,643 42,451 30,088 197,108

1 Impairment charges for 12M 2017 were $206 million related to a downward revision of cash flow projections across all steel facilities in ArcelorMittal
South Africa.
Notes:
• EBITDA defined as operating income plus depreciation and impairment expenses.
• Sales amounts are prior to inter-segment eliminations (except for total) and includes non-steel sales.
• Steel shipments are prior to inter-segment eliminations (except for total).
• Margin analysis calculated on the unrounded values.
• Total column includes holding and service companies and eliminations.
42 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key financial and operational information

In millions of $US dollars, unless otherwise stated.

2016
NAFTA Brazil Europe ACIS Mining Total

FINANCIAL INFORMATION (AUDITED)

Sales 15,806 6,223 29,272 5,885 3,114 56,791
Depreciation (549) (258) (1,184) (311) (396) (2,721)
Impairments 1
– – (49) (156) – (205)
Exceptional income2 832 – – – – 832
Operating income 2,002 614 1,270 211 366 4,161
Operating margin (as a percentage of sales) 12.7% 9.9% 4.3% 3.6% 11.8% 7.3%
EBITDA 1,719 872 2,503 678 762 6,255
EBITDA margin (as a percentage of sales) 10.9% 14.0% 8.6% 11.5% 24.5% 11.0%
Capital expenditure 445 237 951 397 392 2,444
OPERATIONAL INFORMATION (UNAUDITED)
Crude steel production (thousand of metric tonnes) 22,208 11,133 42,635 14,792 – 90,767
Steel shipments (thousand of metric tonnes) 21,281 10,753 40,247 13,271 – 83,934
Average steel selling price (US$/t) 672 536 568 395 – 567
Employees (FT equivalent) 27,233 18,380 80,975 41,989 28,455 198,517

1 Impairment charges for 12M 2016 were $205 million of which $49 million related to the sale of ArcelorMittal Zaragoza in Spain and $156 million mainly related
to the Vanderbijlpark plant in South Africa.
2 Exceptional income for 12M 2016 was $832 million relating to a one-time gain on employee benefits following the singing of the new US labour contract.
Notes:
• EBITDA defined as operating income plus depreciation, impairment expenses, restructuring and exceptional income.
• Sales amounts are prior to inter-segment eliminations (except for total) and includes non-steel sales.
• Steel shipments are prior to inter-segment eliminations (except for total).
• Margin analysis calculated on the unrounded values.
• Total column includes holding and service companies and eliminations.
43 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Key financial and operational information

In millions of $US dollars, unless otherwise stated.

2015
NAFTA Brazil Europe ACIS Mining Total

FINANCIAL INFORMATION (AUDITED)

Sales 17,293 8,503 31,893 6,128 3,387 63,578
Depreciation (616) (336) (1,192) (408) (614) (3,192)
Impairments 1
(526) (176) (398) (294) (3,370) (4,764)
Exceptional charges2 (454) (91) (632) (239) – (1,436)
Operating income/(loss) (705) 628 171 (624) (3,522) (4,161)
Operating margin (as a percentage of sales) (4.1)% 7.4% 0.5% (10.2)% (104)% (6.5)%
EBITDA 891 1,231 2,393 317 462 5,231
EBITDA margin (as a percentage of sales) 5.2% 14.5% 7.5% 5.2% 13.6% 8.2%
Capital expenditure 392 422 1,045 365 476 2,707
OPERATIONAL INFORMATION (UNAUDITED)
Crude steel production (thousand of metric tonnes) 22,795 11,612 43,853 14,219 – 92,479
Steel shipments (thousand of metric tonnes) 21,306 11,540 40,676 12,485 – 84,586
Average steel selling price (US$/t) 732 647 609 432 – 623
Employees (FT equivalent) 28,861 19,816 83,825 45,291 30,047 209,404

1 Impairment charges for 12M 2015 were $4.8 billion relating to:
• Mining segment ($3.4 billion): consisting of $0.9 billion with respect to goodwill and $2.5 billion primarily related to fixed assets mainly due to a downward
revision of cash flow projections relating to the expected persistence of a lower raw material price outlook at:
– ArcelorMittal Liberia ($1.4 billion);
– Las Truchas in Mexico ($0.2 billion);
– ArcelorMittal Serra Azul in Brazil ($0.2 billion); and
– ArcelorMittal Princeton coal mining operations in the United States ($0.7 billion)
• Steel segments ($1.4 billion): consisting of fixed asset impairment charges of $0.2 billion related to the intended sale of the Long Carbon facilities in the US
(ArcelorMittal La Place, Steelton and Vinton within the NAFTA segment), $0.4 billion primarily in connection with the idling for an indefinite time of the
ArcelorMittal Sestao plant in Spain (Europe segment), and $0.8 billion related to:
– NAFTA: Deployment of asset optimization programs at Indiana Harbor East and West in the United States ($0.3 billion);
– Brazil: ArcelorMittal Point Lisas in Trinidad and Tobago ($0.2 billion) currently idled; and
– ACIS: Saldanha plant in South Africa as a result of its revised competitive outlook ($0.3 billion)
2 Exceptional charges for 12M 2015 were $1.4 billion primarily including $1.3 billion inventory related charges following the rapid decline of international steel
prices and litigation and other costs in South Africa ($0.1 billion).
Notes:
• EBITDA defined as operating income plus depreciation, impairment expenses, restructuring and exceptional charges.
• Sales amounts are prior to inter-segment eliminations (except for total) and includes non-steel sales.
• Steel shipments are prior to inter-segment eliminations (except for total).
• Margin analysis calculated on the unrounded values.
• Total column includes holding and service companies and eliminations.
44 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Quarterly condensed income statement

Annually and Quarterly (2018 and 2019)

In millions of U.S. dollars 2018 2019 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19

Sales 76,033 70,615 19,186 19,998 18,522 18,327 19,188 19,279 16,634 15,514
Depreciation (2,799) (3,067) (711) (712) (653) (723) (733) (766) (766) (802)
Impairment charges net of purchase gains 1
(810) (1,927) (86) – (509) (215) (150) (947) – (830)
Exceptional (charges)/ income2 (117) (828) (146) – – 29 – – – (828)

Operating income / (loss) 6,539 (627) 1,569 2,361 1,567 1,042 769 (158) 297 (1,535)
Operating margin % 8.6% (0.9)% 8.2% 11.8% 8.5% 5.7% 4.0% (0.8)% 1.8% (9.9)%

Income from associates, joint ventures

and other investments 652 347 212 30 183 227 208 94 25 20
Net interest expense (615) (607) (164) (159) (152) (140) (161) (154) (152) (140)
Foreign exchange and other net
financing gain / (loss) (1,595) (1,045) (174) (390) (475) (556) (231) (173) (524) (117)
Income / (loss) before taxes and
non-controlling interest 4,981 (1,932) 1,443 1,842 1,123 573 585 (391) (354) (1,772)
Current tax (928) (786) (284) (240) (206) (198) (180) (225) (121) (260)
Deferred tax 1,277 327 81 259 28 909 45 211 (64) 135
Income tax benefit / (expense) 349 (459) (203) 19 (178) 711 (135) (14) (185) (125)
(Loss) / income including
non-controlling interests 5,330 (2,391) 1,240 1,861 945 1,284 450 (405) (539) (1,897)
Non-controlling interests (income) / loss (181) (63) (48) 4 (46) (91) (36) (42) – 15
Net Income attributable to the equity
holders of the parent 5,149 (2,454) 1,192 1,865 899 1,193 414 (447) (539) (1,882)

Basic earnings / (loss) per common

share ($)3 5.07 (2.42) 1.17 1.84 0.89 1.18 0.41 (0.44) (0.53) (1.86)
Diluted earnings / (loss) per common
share ($)3 5.04 (2.42) 1.17 1.83 0.88 1.17 0.41 (0.44) (0.53) (1.86)

Weighted average common shares

outstanding (in millions) 1,015 1,013 1,019 1,013 1,014 1,014 1,014 1,014 1,012 1,012
Adjusted diluted weighted average
common shares outstanding (in millions) 1,021 1,013 1,023 1,018 1,019 1,020 1,017 1,014 1,012 1,012

EBITDA4 10,265 5,195 2,512 3,073 2,729 1,951 1,652 1,555 1,063 925
EBITDA Margin % 13.5% 7.4% 13.1% 15.4% 14.7% 10.6% 8.6% 8.1% 6.4% 6.0%

1 Impairment charges for 12M 2019 were $1.9 billion related to impairment of the fixed assets of ArcelorMittal USA ($1.3 billion) following impairment
assessments performed in the second and fourth quarters of 2019, primarily resulting from decreases in the near-term average selling prices assumptions,
remedy asset sales for the ArcelorMittal Italia acquisition ($0.5 billion) and $0.1 billion impairment costs in South Africa. Impairment charges for 12M 2018
of $1.0 billion primarily related to the remedy asset sales in connection with the Ilva acquisition and the agreed remedy package required for the approval of
the Votorantim acquisition, partially offset by a $0.2 billion bargain purchase gain relating to the acquisition of Ilva.
2 Exceptional charges for 12M 2019 primarily include inventory related charges in NAFTA and Europe following a period of exceptionally weak steel pricing.
Net exceptional charges for 12M 2018 was $117 million impacted by $113 million in charges related to a blast furnace dismantling in Florange (France),
$60 million in charges related to the new collective labor agreement in the United States (including a signing bonus), a $146 million provision taken in the first
quarter of 2018 in respect of a litigation case that was paid in the third quarter of 2018, offset in part by the recognition in Brazil of $202 million in PIS/Cofins
tax credits related to prior periods.
3 Basic (loss) earnings per common share are computed by dividing net (loss) income attributable to equity holders of ArcelorMittal by the weighted average
number of common shares outstanding during the periods presented. Diluted (loss) earnings per common share include assumed shares from stock options,
shares from restricted stock units and convertible debt (if dilutive) in the weighted average number of common shares outstanding during the periods presented.
4 EBITDA defined as operating income plus depreciation, impairment expenses net of purchase gains and exceptional (charges)/income.
45 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Operating footprint

Total achievable crude steel capacity

4
1

3 Total
112Mt
2

112Mt %

1 NAFTA 25
2 Europe 46
3 Brazil 12
4 ACIS 17
Total 100

Blast furnace facilities and electric arc furnaces

Number of Number of electric
BF Facilities blast furnaces EAF Facilities arc furnaces

ArcelorMittal Group 51 ArcelorMittal Group 33

NAFTA 11 NAFTA 10
USA 7 USA 2
Canada 3 Canada 4
Mexico 1 Lazaro Cardenas 4
EUROPE 22 EUROPE 13
Europe flat 21 Europe flat 5
Europe long 1 Europe long 8
BRAZIL 6 BRAZIL 8
Flat Brazil 3 Long Brazil and Acindar 8
Long Brazil 3 ACIS 2
ACIS 12 South Africa 2
South Africa 4
Temirtau 3
Kryvy Rih 5
 46 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Section 6
PROPERTY, PLANTS
AND EQUIPMENT

Automotive production line.

47 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Property, plants and equipment

ArcelorMittal has steel production facilities, as well as iron ore and coal mining operations, in North and South America, Europe,
Asia and Africa.
All of its operating subsidiaries are substantially owned by ArcelorMittal through intermediate holding companies, and are grouped
into the five reportable segments. Unless otherwise stated, ArcelorMittal owns all of the assets described in this section.

Steel production facilities of ArcelorMittal

The following table provides an overview by type of steel facility of the principal production units of ArcelorMittal’s operations.
While all of the Group’s facilities are shown in the tables, only the facilities of significant subsidiaries are described textually for
each segment. The facilities included in the tables are listed from upstream to downstream in the steel-making process.
Number of Capacity Production in 2019
Facility Facilities (in million tonnes per year)1 (in million tonnes)2

Coke Oven Battery 62 31.9 24.5

Sinter Plant 28 93.4 65.3
Blast Furnace 51 93.7 67.4
Basic Oxygen Furnace (including Tandem Furnace) 66 96.9 72.1
DRI Plant 13 9.4 6.5
Electric Arc Furnace 33 27.6 17.0
Continuous Caster-Slabs 44 87.7 63.2
Hot Rolling Mill 20 74.5 52.9
Pickling Line 31 33.6 16.0
Tandem Mill 34 40.5 25.9
Annealing Line (continuous / batch) 46 20.7 10.1
Skin Pass Mill 31 18.2 7.9
Plate Mill 10 5.4 2.2
Continuous Caster-Bloom / Billet 32 31.0 20.3
Breakdown Mill (Blooming / Slabbing Mill) 3 10.7 4.3
Billet Rolling Mill 3 2.6 1.5
Section Mill 23 12.3 7.1
Bar Mill 21 8.7 5.7
Wire Rod Mill 17 11.2 7.2
Hot Dip Galvanizing Line 51 20.0 15.9
Electro Galvanizing Line 11 2.0 0.9
Tinplate Mill 16 3.3 1.7
Tin Free Steel (TFS) 2 0.4 0.1
Color Coating Line 17 2.8 1.7
Seamless Pipes 5 0.6 0.1
Welded Pipes 77 4.8 1.2

1 Reflects design capacity and does not take into account other constraints in the production process (such as, upstream and downstream bottlenecks and
product mix changes). As a result, in some cases, design capacity may be different from the current achievable capacity.
2 Production facility details include the production numbers for each step in the steel-making process. Output from one step in the process is used as input
in the next step in the process. Therefore, the sum of the production numbers does not equal the quantity of sellable finished steel products.
48 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

NAFTA

CANADA

Contrecoeur

Hamilton
(Dofasco; AMTP Hamilton) Brampton
London Woodstock
Riverdale
Gary2 Burns Harbor
New Carlisle Cleveland
East Chicago3
Shelby
Marion Weirton Conshohocken1
Columbus
UNITED STATES OF AMERICA Steelton Coatesville

Jackson
Calvert, Alabama4

Monterrey
MEXICO
Celaya, Guanajuanto

NAFTA facilities
Lazaro Cardenas Flat
Long
Flat and long
Pipes and tubes

1 Conshohocken facility idled in August 2018. The facility continues to perform heat treating.
2 Rolling mill in Gary idled permanently. The facility does only heat treating.
3 Indiana Harbor.
4 Calvert, Flat processing plant purchased in 2014, is a 50/50 joint venture between ArcelorMittal and Nippon Steel & Sumitomo Metal Corp (NSSMC).
49 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

NAFTA

Property, plants and equipment

ArcelorMittal’s NAFTA segment has production facilities in North America, including the United States, Canada and Mexico.
The following table sets forth key items of information regarding ArcelorMittal’s principal production locations and production
units in the NAFTA segment:
Crude Steel
Production
in 2019 (in million
Unit Country Locations tonnes per year)1 Type of plant Products

ArcelorMittal USA USA Warren, OH n/a Coke-Making Coke

ArcelorMittal USA USA Monessen, PA n/a Coke-Making Coke
ArcelorMittal USA2, 3, 4 USA East Chicago, IN 4.5 Integrated Flat
ArcelorMittal USA USA Burns Harbor, IN 4.2 Integrated Flat
ArcelorMittal USA USA Cleveland, OH 3.0 Integrated Flat
ArcelorMittal USA USA Riverdale, IL 0.7 Integrated Flat
ArcelorMittal USA USA Coatesville, PA 0.3 Mini-mill Flat
ArcelorMittal USA USA Colombus, OH n/a Downstream Flat
I/N Tek USA New Carlisle, IN n/a Downstream Flat
ArcelorMittal USA 5
USA Conshohocken, PA n/a Downstream Flat
ArcelorMittal USA USA Weirton, WV n/a Downstream Flat
ArcelorMittal USA 6
USA Gary, IN n/a Downstream Flat
Double G USA Jackson, MS n/a Downstream Flat
ArcelorMittal Dofasco 7
Canada Hamilton 3.3 Integrated, Mini-mill Flat
ArcelorMittal Mexico Mexico Lázaro Cárdenas, Celaya 3.7 Mini-mill, Integrated, Flat, Long/ Bar, Wire Rod
and Downstream
ArcelorMittal Long Products Canada Canada Contrecoeur East, West 2.0 Mini-mill Long/ Wire Rod, Bars, Slabs
ArcelorMittal USA USA Steelton, PA 0.2 Mini-mill Long/ Rail
ArcelorMittal Tubular Products Canada Brampton n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Canada London n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Canada Woodstock n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Canada Hamilton n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products USA Shelby n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products USA Marion n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Mexico Monterrey n/a Downstream Pipes and Tubes

1 Note: n/a = not applicable (no crude steel production).

2 Indiana Harbor.
3 ArcelorMittal USA idled its #2 steel plant (incl. 2 basic oxygen furnaces and 2 slab casters), its 84” hot strip mill, #1 aluminizing line and #5 hot dip galvanizing
line at Indiana Harbor in 2016-2017, and subsequently announced permanent closure of these facilities following the full completion of the footprint
optimization program in 2018.
4 ArcelorMittal USA temporarily idled its #3 blast furnace at Indiana Harbor in November 2019.
5 AcelorMittal USA idled its plate rolling unit at the Conshohocken, PA facility in August 2018. The facility continues to perform heat treating.
6 The rolling mill in Gary has been permanently idled. The facility does only heat treating.
7 ArcelorMittal Dofasco idled HDG lines #1&2 in 2017 and permanently discontinued their operation in 2019.
50 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Brazil

La Victoria
COSTA RICA Barquisimeto
Matanzas
VENEZUALA

BRAZIL

Vitória
Joāo Monlevade
Barra Mansa Juiz de Fora
Resende Piracicaba
Sào Francisco do Sul

ARGENTINA
Villa Constitución

Brazil facilities
Flat
Long
Pipes and tubes
51 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Brazil

Property, plants and equipment

ArcelorMittal’s Brazil segment has production facilities in South America, including Brazil, Argentina, Costa Rica and Venezuela.
The following table sets forth key items of information regarding ArcelorMittal’s principal production locations and production
units in the Brazil segment:
Crude Steel
Production in 2019
(in million tonnes
Unit Country Locations per year)1 Type of plant Products

Sol Brazil Vitória n/a Coke-Making Coke

ArcelorMittal Tubarão2 Brazil Vitória 6.3 Integrated Flat
ArcelorMittal Vega Brazil São Francisco do Sul n/a Downstream Flat
ArcelorMittal Brasil Brazil João Monlevade 1.2 Integrated Long/ Wire Rod
ArcelorMittal Brasil Brazil Juiz de Fora, Piracicaba 1.7 Mini-mill Long/ Bar, Wire Rod
ArcelorMittal Brasil3 Brazil Barra Mansa, Resende 0.7 Mini-mill Long/Rebar, Wire rod,
Bars, Sections, Wires
Acindar Argentina Villa Constitucion 1.1 Mini-mill Long/ Wire Rod, Bar
ArcelorMittal Costa Rica Costa Rica Costa Rica n/a Downstream Long/ Wire Rod
Industrias Unicon Venezuela Barquisimeto, Matanzas, La Victoria n/a Downstream Pipes and Tubes

1 Note: n/a = not applicable (no crude steel production)

2 ArcelorMittal Tubarão completed the reline of its BF #2 in December 2019. The blast furnace remained temporarily idled due to market conditions.
3 ArcelorMittal Brasil temporarily idled its electric arc furnaces #1&2, billet caster and long rolling mill #2 at Barra Mansa in February 2019 in response to
market conditions.
52 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Europe

Hamburg
Bremen Warsaw

Eisenhüttenstadt
Sosnowiec; Chorzow
Gent Geel Duisburg (Ruhrort)
Dunkirk; Mardyck Dabrowa Gornicza
Genk Swiętochlowice Kraków
Charleroi Desvres Liège; Huy
Mouzon Hautmont Rodange Karvina
Lexy
Esh-Belval; Differdange Montataire Florange Rettel
Gandrange
Vitry Fresnoy
Vincey
Chevillon
Roman
Basse-Indre Le Creusot

Châteauneuf; Saint-Chamond
Novi Ligure Hunedoara
Etxebarri; Saint-Chély-d’Apcher Zenica
Sestao (Bilbao) Genova
Asturias
(Avilés; Gijón) Lesaka Fos-sur-Mer
Bergara;
Olaberria

Avellino
Taranto
Sagunto

Europe facilities
Flat
Long
Flat and long
Nador
Pipes and tubes
Jorf Lasfar Flat, pipes and tubes

Non-steelmaking facilities not included.

As of June 30th, 2019, the following assets were sold as part of acquisition of ArcelorMittal Italia: ArcelorMittal Ostrava, ArcelorMittal Galati, ArcelorMittal
Skopje, ArcelorMittal Piombino, ArcelorMittal Dudelange and several finishing lines at ArcelorMittal Liège (coupling mill #1 and hot dipped galvanizing lines
#4 and 5 in Flémalle, hot-rolled pickling, cold rolling and tin packaging lines in Tilleur).
53 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Europe

Property, plants and equipment

ArcelorMittal’s Europe segment has production facilities in Western Europe, Eastern Europe and North Africa including Germany,
Belgium, France, Spain, Italy, Luxembourg, Romania, Poland, Czech Republic, Morocco and Bosnia and Herzegovina. Additionally,
ArcelorMittal Europe holds the in-house trading and distribution facilities, described below as Distribution Solutions.
The following table provide an overview by type of facility of ArcelorMittal’s principal production locations and production units
in the Europe segment:
Crude Steel
Production in 2019
(in million tonnes
Unit Country Locations per year)1 2 Type of plant Products

ArcelorMittal Bremen Germany Bremen, Bottrop 3.1 Integrated Flat

ArcelorMittal Eisenhüttenstadt3 Germany Eisenhüttenstadt 2.0 Integrated Flat
ArcelorMittal Belgium Belgium Gent, Geel, Genk, Huy, Liège 5.5 Integrated and Flat
Downstream
ArcelorMittal Atlantique et Lorraine France Dunkirk, Mardyck, Montataire, Desvres, 6.2 Integrated and Flat
Florange, Mouzon, Basse-Indre Downstream
ArcelorMittal Méditerranée France Fos-sur-Mer, Saint-Chély 3.8 Integrated and Flat
Downstream
ArcelorMittal España4 Spain Avilés, Gijón, Etxebarri, Lesaka, Sagunto 4.2 Integrated and Flat, Long, Rails, Wire Rod
Downstream
ArcelorMittal Italy Italy Taranto, Genova, Novi Ligure 4.3 Integrated and Flat, Pipes and Tubes
Downstream
ArcelorMittal Poland5, 6, 7 Poland Krakow, Swietochlowice, Dabrowa Gornicza, 4.8 Integrated and Flat, Long, Coke/ Sections,
Chorzow, Sosnowiec, Zdzieszowice Downstream Wire Rod, Sheet Piles, Rails
ArcelorMittal Sestao Spain Bilbao 0.3 Mini-mill Flat
Industeel France, Charleroi, Le Creusot, Chateauneuf, 0.4 Mini-mill and Flat
Belgium Saint-Chamond, Seraing, Dunkirk Downstream
ArcelorMittal Belval & Differdange Luxembourg Esch-Belval, Differdange, Rodange 2.1 Mini-mill Long /Sheet Piles, Rails,
Sections & Special Sections
ArcelorMittal Olaberria-Bergara Spain Olaberría, Bergara 1.0 Mini-mill Long/ Sections
ArcelorMittal Gandrange France Gandrange n/a Downstream Long/ Wire Rod, Bars
ArcelorMittal Warszawa Poland Warsaw 0.6 Mini-mill Long/ Bars
ArcelorMittal Hamburg Germany Hamburg 0.9 Mini-mill Long/ Wire Rods
ArcelorMittal Duisburg Germany Ruhrort, Hochfeld 0.9 Integrated Long/ Billets, Wire Rod
ArcelorMittal Hunedoara Romania Hunedoara 0.2 Mini-mill Long/ Sections
Sonasid Morocco Nador, Jorf Lasfar 0.5 Mini-mill Long/ Wire Rod, Bars,
Rebars in Coil
ArcelorMittal Zenica Bosnia and Zenica 0.8 Mini-mill / Long/ Wire Rod, Bars
Herzegovina Integrated
ArcelorMittal Tubular Products Roman SA Romania Roman n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Iasi SA8 Romania Iasi n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Karvina a.s. Czech Karvina n/a Downstream Pipes and Tubes
Republic
ArcelorMittal Tubular Products Kraków Poland Krakow n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Hautmont France Hautmont n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Vitry France Vitry n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Chevillon France Chevillon n/a Downstream Pipes and Tubes
ArcelorMittal Tubular Products Lexy9 France Lexy, Rettel,Vincey, Fresnoy-le-Grand n/a Downstream Pipes and Tubes

1 n/a = Not applicable (no crude steel production)

2 Following European commission approval, ArcelorMittal completed the sale of the steelmaking sites it had committed to sell as part of its acquisition of ArcelorMittal Italia.
As of June 30, 2019, the following assets were sold to Liberty House: ArcelorMittal Ostrava; ArcelorMittal Galati; ArcelorMittal Skopje; ArcelorMittal Piombino; ArcelorMittal
Dudelange and several finishing lines at ArcelorMittal Liège (coupling mill #1 and hot dipped galvanizing lines #4 and 5 in Flémalle, hot-rolled pickling, cold rolling and tin packaging
lines in Tilleur). Production numbers in the table above do not include the production of these assets in 2019 until their disposal (namely, 1.2 million tonnes crude steel produced
at ArcelorMittal Galati and 1.0 million tonnes at ArcelorMittal Ostrava for the 6 months of 2019).
3 ArcelorMittal Eisenhüttenstadt decommissioned its bloom caster in 2019 due to technical obsolescence.
4 ArcelorMittal España decommissioned its coke oven batteries at Aviles site in Q4 2019.
5 ArcelorMittal Poland permanently idled its coke oven batteries #3 and 4 at Zdzieszowice coke plant in April 2019.
6 The blast furnace, basic oxygen furnaces and slab caster at Krakow were temporarily idled in Q4 2019 due to market conditions.
7 New organic coating line at Krakow was commissioned in mid-2019.
8 ArcelorMittal Tubular Products Iasi commissioned a new pipe mill #6 in Q1 2019.
9 ArcelorMittal Tubular Products Lexy decommissioned its pipe mill #1 at Lexy site in 2019.
54 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

ACIS

UKRAINE Temirtau
Kryvyi Rih KAZAKHSTAN

Aktau

ACIS facilities
Vanderbijlpark Newcastle Flat
Vereeniging
SOUTH AFRICA Long
Saldanha1 Pipes and tubes
Long, flat, pipes and tubes
Long, pipes and tubes

1 As an outcome of ArcelorMittal South Africa’s strategic asset footprint review, a decision has been made to undertake an orderly and commercial wind-down of
its Saldanha Works, ultimately placing the operation on care and maintenance and implementing post-closure “holding” structure by end of the first quarter
of 2020, due to the facility being uneconomical to operate in the current challenging environment. Also, it has been decided to implement volume reduction
linked resizing at Newcastle, aimed at labor restructuring in line with the lower operating model by the second quarter of 2020.
55 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

ACIS

Property, plants and equipment

ArcelorMittal’s ACIS segment has production facilities in Asia and Africa, including Kazakhstan, Ukraine and South Africa.
Additionally, it has a sales network named ArcelorMittal International.
The following tables provide an overview by type of facility of ArcelorMittal’s principal production locations and production units
in the ACIS segment:
Crude Steel
Production
in 2019 (in million
Unit Country Locations tonnes per year)1 Type of plant Products

ArcelorMittal Temirtau JSC Kazakhstan Termitau 3.4 Integrated Flat, Long, Pipes and Tubes
ArcelorMittal Kryvyi Rih2, 3 Ukraine Kryvyi Rih 5.3 Integrated Long
ArcelorMittal South Africa4, 5 South Africa Vanderbijlpark, Saldanha, 4.3 Integrated Mini-mill Flat, Long, Pipes and Tubes
Newcastle, Vereeniging, Pretoria Downstream
JSC ArcelorMittal Kazakhstan Aktau n/a Downstream Pipes and Tubes
Tubular Products Aktau

1 Note: n/a = not applicable (no crude steel production).

2 ArcelorMittal Kryvyi Rih temporarily idled its BF #8 in October 2019 for planned maintenance and also in response to market conditions.
3 ArcelorMittal Kryvyi Rih commissioned its new billet caster #2 in June 2019.
4 ArcelorMittal South Africa temporarily idled some of its downstream production lines at Vanderbijlpark (batch annealing lines, continuous annealing line, temper
mills and the tinning line) in the course of 2019.
5 ArcelorMittal South Africa restarted the melt shop at Vereeniging in January 2019.
56 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Mining

CANADA
Lisakovsk
Mont-Wright Fire Lake and (Kazakhstan)
Port Cartier, Quebec UKRAINE Karaganda (Kazakhstan)
Hibbing (Minnesota) Minorca Mines KAZAKHSTAN
(Virginia, Minnesota) Prijedor Kryvyi Rih Atasu; Antasor; Kentobe (Kazakhstan)
(Bosnia Herzegovina) (Ukraine)
UNITED STATES OF AMERICA
Princeton
(McDowell, West Virginia;
Tazewell, Virginia)
MEXICO
Volcan Mines
(Sonora, Sinaloa) Peňa Colorada (Minatitlán)
Las Truchas
(Michoacán)
Yekepa (Liberia)

BRAZIL

Mineraçao Serra Azul

(State of Minas Gerais) Andrade
(State of Minas Gerais)

Mining facilities
Iron ore mine
Coal mine

The above map provides an overview of ArcelorMittal principal mining operations.

ArcelorMittal ownership of its associate Baffinland is at 25% as of December 31st, 2019. Baffinland owns Mary River Project, which has direct shipping,
high grade iron ore on Baffin Island in Nunavut.
57 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Mining

Property, plants and equipment

ArcelorMittal’s mining segment has production facilities in North and South America, Europe, Africa and CIS. The following table
provides an overview by type of facility of ArcelorMittal’s principal mining operations.
ArcelorMittal
Unit Country Locations Interest (%) Type of Mine Product

Iron Ore
ArcelorMittal Mines and Infrastructure Canada Mt Wright, Fire Lake and 85.0 Iron Ore Mine (open pit), Concentrate and pellets
Canada Port Cartier, Qc pellet plant, railway and port
Minorca Mines USA Virginia, MN 100.0 Iron Ore Mine (open pit) Pellets
Hibbing Taconite Mines USA Hibbing, MN 62.3 Iron Ore Mine (open pit) Pellets
ArcelorMittal Mexico Mexico Sonora, Sinaloa and 100.0 Iron Ore Mine (open pit) Concentrate, lump
(excluding Peña Colorada) Michoacán and fines
ArcelorMittal Mexico Peña Colorada Mexico Minatitlán 50.0 Iron Ore Mine (open pit) Concentrate and pellets
ArcelorMittal Brasil Andrade Mine Brazil State of Minas Gerais 100.0 Iron Ore Mine (open pit) Fines
ArcelorMittal Mineração Serra Azul Brazil State of Minas Gerais 100.0 Iron Ore Mine (open pit) Lump and fines
ArcelorMittal Prijedor Bosnia and Prijedor 51.0 Iron Ore Mine (open pit) Concentrate and lump
Herzegovina
ArcelorMittal Kryvyi Rih Ukraine Kryvyi Rih 95.1 Iron Ore Mine (open pit and Concentrate, lump and
underground) sinter feed
ArcelorMittal Temirtau Kazakhstan Lisakovsk, Kentobe, 100.0 Iron Ore Mine (open pit and Concentrate, lump
Atasu, Atansore underground) and fines
ArcelorMittal Liberia Liberia Yekepa 85.0 Iron Ore Mine (open pit) Fines

Coal
ArcelorMittal Princeton USA McDowell, WV, 100.0 Coal Mine (surface and Coking and PCI coal
Tazewell, VA underground)
ArcelorMittal Temirtau Kazakhstan Karaganda 100.0 Coal Mine (underground) Coking coal and
thermal coal
 58 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Section 7

PRODUCTION FACILITIES

Wind turbine tower during manufacturing process at Dacero, Avilés.

59 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Canada
Contrecoeur East, West
Crude steel production 2019: 2.0 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
60 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Canada
Hamilton
Crude steel production 2019: 3.3 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
61 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Mexico
Lázaro Cárdenas
Crude steel production 2019: 3.7 million metric tonnes (Flat: 2.3Mt; Long 1.3Mt)

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
62 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

USA
Burns Harbor
Crude steel production 2019: 4.2 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
63 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

USA
Cleveland, Warren
Crude steel production 2019: 3.0 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
64 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

USA
Indiana Harbor East, West
Crude steel production 2019: 4.5 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
65 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Argentina
Villa Constitucion
Crude steel production 2019: 1.1 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
66 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Brazil
Tubarão, Sol, Vega
Crude steel production 2019: 6.3 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
67 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Brazil
Juiz de Fora, Piracicaba
Crude steel production 2019: 1.7 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
68 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Brazil
João Monlevade
Crude steel production 2019: 1.2 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
69 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Kazakhstan
Temirtau
Crude steel production 2019: 3.4 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
70 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

South Africa
Vanderbijlpark
Crude steel production 2019: 1.9 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
71 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

South Africa
Newcastle, Vereeniging, Pretoria
Crude steel production 2019: 1.5 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
72 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Ukraine
Kryvyi Rih
Crude steel production 2019: 5.3 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
73 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Belgium
Gent, Geel, Genk, Huy, Liège
Crude steel production 2019: 5.5 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
74 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Bosnia and Herzegovina

Zenica
Crude steel production 2019: 0.8 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
75 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

France
Dunkerque, Mardyck, Montataire & Desvres, Florange, Mouzon, Basse-Indre
Crude steel production 2019: 6.2 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
76 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

France
Fos-sur-Mer
Crude steel production 2019: 3.8 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
77 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Germany
Bremen, Bottrop
Crude steel production 2019: 3.1 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
78 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Germany
Eisenhüttenstadt
Crude steel production 2019: 2.0 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
79 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Germany
Hamburg
Crude steel production 2019: 0.9 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
80 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Germany
Ruhrort, Hochfeld
Crude steel production 2019: 0.9 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
81 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Italy
Taranto, Genova, Novi Ligure
Crude steel production 2019: 4.3 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
82 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Luxembourg
Esch-Belval, Differdange
Crude steel production 2019: 2.1 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
83 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Poland
Kraków, S‘ wiȩtochłowice
Crude steel production 2019: 1.2 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
84 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Poland
Da˛browa Górnicza, Sosnowiec, ZKZ
Crude steel production 2019: 3.6 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
85 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Spain
Avilés, Gijón, Etxebarri, Lesaka, Sagunto
Crude steel production 2018: 4.2 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
86 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Spain
Olaberría, Bergara
Crude steel production 2019: 1.0 million metric tonnes

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
 87 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Section 8
ADDITIONAL INFORMATION

Eisenhüttenstadt, Germany
88 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Steel making process

Steel is produced from iron ore or scrap. Iron ore is a mineral

aggregate that can be converted economically into iron. The
quality of the iron ore is mainly determined by its composition;
a high iron content and low sulphur and phosphorus contents
are favorable. Iron ore can be found all over the world, but its
iron content varies.
Steel scrap has been selectively collected for several decades
and is recycled as a valuable raw material for steel production.
In the steel production, following stages are identified:
production of pig iron; production of liquid steel; hot rolling
and cold rolling; applying a metallic and/or organic coating.
There are two main processes for producing steel: by means
of a blast furnace (= indirect reduction) in combination with
a converter, or by means of an electric furnace. In the former
process, iron ore is the main raw material. In an electric furnace,
scrap iron is used and occasionally also sponge iron. Sponge
is an intermediate product, which is produced from iron ore by
means of direct reduction (= DRI or directly reduced iron) and
that is then further reduced and smelted in an electric furnace.
89 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Steel making process

Materials Coal Charcoal Iron ore Scrap

Iron making
Coke ovens Pelletizing Sintering DRI
plant plant plant

Coke Pellets Sinter Direct reduced

iron

Blast Electric arc

furnace furnace

Oxygen
converter

Steel making Continuous

casting
Continuous
casting billets
Continuous
casting billets
Ingot casting Continuous
casting
slabs and blooms billets

Blooming
mill

Slabs from Slabs Blooms and

other billets
units

Finishing Plate mill Hot rolling

mill
Section
mill
Wire rod
mill
Bar mill Section and
rail mill
Seamless
pipes mill
Sheetpile mill

Plate Hot rolled Section Wire rod Bars Rail Seamless Sheetpile
coil pipes

Hot rolled coil Cold rolling Welded pipes

from other mill
units

Cold rolled
coil

Galvanizing/ Tinplate mill

Annealing
line

Cold rolled
annealed/
Coated
coil

Colour coating
line

Coated coil
90 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Products and services

ArcelorMittal is the only producer offering the full range of steel

products and services. From commodity steel to value-added
products, from long products to flat, from standard to specialty
products, from carbon steel to stainless steel and alloys,
ArcelorMittal offers a complete spectrum of steel products –
and supports it with continuous investment in process and
product research. This section provides you with an overview
of ArcelorMittal’s product portfolio.
Consult www.arcelormittal.com for an overview of all products.
91 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Glossary

0-9 C
000’s Mt Carbon Steels
Thousands of metric tonnes. The largest percentage of steel production. Common grades
have a carbon content ranging from 0.06% to 1.0%.

A Coal
The primary fuel used by integrated iron and steel producers.
Alloy Steels
Coil
Alloy steels have enhanced properties due to the presence
A finished steel product such as sheet or strip which has been
of one or more special elements, or to the presence of larger
wound or coiled after rolling.
proportions of elements such as manganese and silicon that
are present in carbon steels.
Coke
A form of carbonised coal burned in blast furnaces to reduce iron
Apparent Consumption
ore pellets or other iron-bearing materials to molten iron.
Total shipments minus exports plus imports of steel.
Coke Ovens
Ovens where coke is produced. Coal is usually dropped into the
B ovens through openings in the roof, and heated by gas burning
in flues in the walls between ovens within the coke oven battery.
Bar After heating for about 18 hours, the end doors are removed
A finished steel product, commonly in flat, square, round or and a ram pushes the coke into a quenching car for cooling
hexagonal shapes. Rolled from billets, bars are produced in before delivery to the blast furnace.
two major types, merchant and special.
Cold Rolling
Basic Oxygen Steelmaking The passing of sheet or strip that has previously been hot
The process whereby hot metal and steel scrap are charged rolled and pickled through cold rolls, i.e. below the softening
into a Basic Oxygen Furnace (BOF). High purity oxygen is then temperature of the metal. Cold rolling makes a product that
blown into the metal bath, combining with carbon and other is thinner, smoother, and stronger than can be made by hot
elements to reduce the impurities in the molten charge and rolling alone.
convert it into steel.
Continuous Casting
Billet A process for solidifying steel in the form of a continuous strand
A piece of semi-finished iron or steel that is nearly square and rather than individual ingots. Molten steel is poured into open
is longer than a bloom. Bars and rods are made from billets. bottomed, water-cooled moulds. As the molten steel passes
through the mould, the outer shell solidifies.
Blast Furnace
A large cylindrical structure into which iron ore is combined CRC
with coke and limestone to produce molten iron. Cold rolled coil (see Cold Rolling).

Bloom Crude Steel

A semi-finished product, large and mostly square in Steel in the first solid state after melting, suitable for further
cross-section. Blooms are shaped processing or for sale. Synonymous to raw steel.

D
Direct Reduction
A family of processes for making iron from ore without
exceeding the melting temperature. No blast furnace is needed.
92 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Glossary

E I
Electrical Steels Inferred mineral resources
Specially manufactured cold rolled sheet and strip containing An inferred mineral resource is that part of a mineral resource
silicon, processed to develop definite magnetic characteristics for which quantity and grade or quality can be estimated on the
for use by the electrical industry. basis of geological evidence and limited sampling and reasonably
assumed, but not verified, geological and grade continuity. The
Electric Arc Furnace estimate is based on limited information and sampling through
An electric furnace used to melt steel scrap or direct appropriate techniques from locations such as outcrops,
reduced iron. trenches, pits, workings and drill holes.

€ or EUR Integrated Steelmaker

Euro. A producer that converts iron ore into semi-finished or finished
steel products. Traditionally, this process required coke ovens,
blast furnaces, steelmaking furnaces, and rolling mills. A growing
F number of integrated mills use the direct reduction process to
produce sponge iron without coke ovens and blast furnaces.
Flat Products
Iron Ore
A term referring to a class of products including sheet,
The primary raw material in the manufacture of steel.
strip and plate that are made from slabs.

G L
Ladle Metallurgy
Galvanised Steel
The process whereby conditions (temperature, pressure and
Produced when hot or cold rolled sheet or strip is coated
chemistry) are controlled within the ladle of the steelmaking
with zinc either by the hot dipping or electrolytic deposition
furnace to improve productivity in preceding and subsequent
process. Zinc coating applied by the hot dip method is
steps and the quality of the final product.
normally heavy enough to resist corrosion without additional
protective coating. Materials electrolytically galvanised
Limestone
are not used for corrosion resistant applications without
Used by the steel industry to remove impurities from the iron
subsequent chemical treatment and painting, except in mild
made in blast furnaces. Magnesium-containing limestone, called
corrosive conditions, due to the thin coating of zinc. Galvanise
dolomite, is also sometimes used in the purifying process.
is a pure zinc coating. A special heat-treating process converts
the pure zinc coating to a zinc/iron alloy coating, and the
Line Pipe
product is known as Galvanneal.
Used for transportation of gas, oil or water generally in a pipeline
or utility distribution system.

H
M
HDG
Hot Dip Galvanised (see Galvanised Steel).
Mechanical Tubing
Welded or seamless tubing produced in a large number of
Hot Metal
shapes to closer tolerances than other pipe.
Molten iron produced in the blast furnace.
Mini-mill
Hot Rolling
A small non-integrated or semi-integrated steel plant, generally
Rolling semi-finished steel after it has been reheated.
based on electric arc furnace steelmaking. Mini-mills produce
rods, bars, small structural shapes and flat rolled products.
HRC
Hot Rolled Coil (see Hot Rolling).
93 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Glossary

N S
Net Debt Semi-Finished Products
Net debt refers to long-term debt, plus short-term debt, Products such as slabs, billets, and blooms which must be rolled
less cash and cash equivalents. or otherwise processed to create usable steel shapes.

Net Ton Sheet

See Ton. A flat rolled product over 12 inches in width and of less
thickness than plate.

O Sheet Piling
Rolled sections with interlocking joints (continuous throughout
the entire length of the piece) on each edge to permit being
Oil Country Tubular Goods (OCTG)
driven edge-to-edge to form continuous walls for retaining
Pipe used in wells in oil and gas industries, consisting of casing,
earth or water.
tubing, and drill pipe. Casing is the structural retainer for the
walls; tubing is used within casing oil wells to convey oil to
Sintering
ground level; drill pipe is used to transmit power to a rotary
A process which combines ores too fine for efficient blast
drilling tool below ground level.
furnace use with flux stone. The mixture is heated to form
lumps, which allow better draft in the blast furnace.
Open Hearth Process
A process for making steel from molten iron and scrap.
Slab
The open-hearth process has been replaced by the basic
A wide semi-finished product made from an ingot or by
oxygen process in most modern facilities.
continuous casting. Flat rolled steel products are made
from slabs.

P Sponge Iron
The product of the direct reduction process. Also known as
Pellets direct reduced iron (DRI).
An enriched form of iron ore shaped into small balls.
Stainless Steels
Pig Iron Stainless steels offer a superior corrosion resistance due to the
High carbon iron made by the reduction of iron ore in the addition of chromium and/or nickel to the molten steel.
blast furnace.
Standard Pipe
Plate Used for low-pressure conveyance of air, steam, gas, water, oil
A flat rolled product rolled from slabs or ingots, of greater or other fluids and for mechanical applications. Used primarily
thickness than sheet or strip. in machinery, buildings, sprinkler systems, irrigation systems,
and water wells rather than in pipelines or distribution systems.

R Strip
A flat rolled product customarily narrower in width than sheet,
and often produced to more closely controlled thicknesses.
Rolling Mill
Equipment that reduces and transforms the shape of
Structural Pipe And Tubing
semi-finished or intermediate steel products by passing
Welded or seamless pipe and tubing generally used for structural
the material through a gap between rolls that is smaller
or load-bearing purposes above ground by the construction
than the entering materials.
industry, as well as for structural members in ships, trucks,
and farm equipment.

Structural Shapes
Rolled flange sections, sections welded from plates, and special
sections with at least one dimension of their cross-section
three inches or greater. Included are angles, beams, channels,
tees and zeds.
94 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Glossary

T
Tin Coated Steel
Cold rolled sheet, strip, or plate coated with tin or chromium.

Tonne (T)
A metric tonne, equivalent to 1,000 kilograms or
2,204.6 pounds or 1.1023 short ton.

Ton (t)
a) A unit of weight in the US Customary System equal to
2,240 pounds. Also known as long ton.
b) A unit of weight in the US Customary System equal to
2,000 pounds. Also known as short ton. Also known as net ton.

U
US$ or $
US Dollar.

W
Wet Recoverable
The quantity of iron ore or coal recovered after the material
from the mine has gone through a preparation and/or
concentration process excluding drying.

Wire: Drawn And/Or Rolled

The broad range of products produced by cold reducing
hot rolled steel through a die, series of dies, or through
rolls to improve surface finish, dimensional accuracy, and
physical properties.

Wire Rods
Coiled bars of up to 18.5 millimetres in diameter, used mainly
in the production of wire.
95 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Dislaimer

Forward-looking statements To download the fact book for 2019, visit our download centre.
This document may contain forward-looking information and For more information on the company visit the
statements about ArcelorMittal and its subsidiaries. These ArcelorMittal website.
statements include financial projections and estimates and their
Download the Investor Relations app for iOS or Android.
underlying assumptions, statements regarding plans, objectives
and expectations with respect to future operations, products Any comments or feedback on this report please contact
and services, and statements regarding future performance. Hetal.Patel@arcelormittal.com.
Forward-looking statements may be identified by the words
believe, expect, anticipate, target or similar expressions.
Although ArcelorMittal’s management believes that the
expectations reflected in such forward-looking statements
are reasonable, investors and holders of ArcelorMittal’s
securities are cautioned that forward-looking information
and statements are subject to numerous risks and uncertainties,
many of which are difficult to predict and generally beyond the
control of ArcelorMittal, that could cause actual results and
developments to differ materially and adversely from those
expressed in, or implied or projected by, the forward-looking
information and statements. These risks and uncertainties
include those discussed or identified in the documents filed
with or furnished to the Luxembourg Stock Market Authority for
the Financial Markets (Commission de Surveillance du Secteur
Financier) and the U.S. Securities and Exchange Commission
(the SEC). ArcelorMittal undertakes no obligation to publicly
update its forward-looking statements, whether as a result
of new information, future events, or otherwise.

Non-GAAP measures
This document may include supplemental financial measures
that are or may be non-GAAP financial measures, as defined
in the rules of the SEC. They may exclude or include amounts
that are included or excluded, as applicable, in the calculation
of the most directly comparable financial measures calculated
in accordance with IFRS. Accordingly, they should be considered
in conjunction with ArcelorMittal’s consolidated financial
statements prepared in accordance with IFRS, which are
available in the documents filed or furnished by ArcelorMittal
with the SEC, including its annual report on Form 20-F
and its interim financial report furnished on Form 6-K.
A reconciliation of non-GAAP measures to IFRS is available
on the ArcelorMittal website.
Published in April 2020.

Designed and produced by Falcon Windsor www.falconwindsor.com

96 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Independent Limited Assurance Report

to the Directors of ArcelorMittal Société Anonyme
DNV GL Business Assurance Services UK Limited (“DNV GL”, “us” or “we”) were engaged by ArcelorMittal Purchasing S.A.S. to provide limited
assurance to ArcelorMittal Société Anonyme (“ArcelorMittal”) over Selected Information presented in the ArcelorMittal Fact book 2019 (the
“Fact book”) for the reporting year ended 31 December 2019.

Our conclusion: Based on the procedures performed and the evidence obtained, nothing has come to our attention that
causes us to believe that the Selected Information is not fairly stated and has not been prepared, in all material respects, in
accordance with the Criteria.
This conclusion relates only to the Selected Information, and is to be read in the context of this Assurance Report, in
particular the inherent limitations explained overleaf.

Our observations and areas for improvement will be raised in a separate report to ArcelorMittal’s Management. Selected
observations are provided below. These observations do not affect our conclusion set out above.

• We note that ArcelorMittal has responded to our recommendation arising from manual manipulation of data, and from issues linked
from last year’s assurance process to review and update emissions to the sale or acquisition of sites.
factors, and have used an updated global warming potential for
methane emissions this year. • A number of omissions and areas for improvement were identified
in the Basis of Reporting document, which could potentially impact
• We found some of ArcelorMittal’s Mining sites had misreported the consistency of how data is reported in the future. The majority
methane emissions data. The majority of these errors were of these changes have been addressed, and we understand that
corrected prior to publication by ArcelorMittal, however there this document will continue to be updated during the coming year.
could be a possibility that low materiality errors remain in the data.
To improve data quality in the future, we recommend that • Neither the Basis of Reporting nor the Fact book currently define
ArcelorMittal provides additional training on environmental data the sites and legal entities covered by the data. We recommend
reporting processes for sites within the Mining business. that a list of sites and legal entities are included and also aligned
with those used for 20-F reporting.
• We recommend that the Basis of Reporting document is updated
over the coming year to specify the requirements for • ArcelorMittal may wish to consider a broader range of high
environmental data reporting from power plants linked to materiality KPIs, for instance safety indicators, for external
integrated steel sites. We recommend that these requirements assurance in the future.
should be aligned to the approach taken for EU ETS reporting of • We note ArcelorMittal's target to reduce CO2 emissions by 30% by
Greenhouse gas (GHG) emissions. 2030 within ArcelorMittal Europe – Flat Products. We recommend
• As noted in the Basis of Reporting, a small number of sites have including the company's reported progress towards this target
been excluded from the scope of reported data. We restate our within the scope of next year's external assurance.
recommendation for ArcelorMittal to consider implementing an
online database for improving the accuracy and completeness of
environmental data. Such a system could reduce the risk of errors

Selected information Our competence,

independence and quality
The scope and boundary of our work is restricted to the Key Performance Indicators included within control
the Fact book (the “Selected Information”), listed below:
• CO2e intensity (steel) (tonnes CO2e per tonne of steel) DNV GL established policies and procedures
are designed to ensure that DNV GL, its
• Absolute CO2e footprint (total) (million tonnes) personnel and, where applicable, others are
subject to independence requirements
• Absolute CO2e footprint (steel) (million tonnes) (including personnel of other entities of
DNV GL) and maintain independence where
• Absolute CO2e footprint (mining) (million tonnes) required by relevant ethical requirements.
This engagement work was carried out by
• Primary energy consumption (steel) (petajoules) an independent team of sustainability
assurance professionals. DNV GL holds
other contracts with ArcelorMittal, none of
To assess the Selected Information, which includes an assessment of the risk of material which conflict with the scope of this
misstatement in the Fact book, we have used ArcelorMittal’s Basis of Reporting (the “Criteria”), work. Our multi-disciplinary team consisted
which can be found here. We have not performed any work, and do not express any conclusion, on of professionals with a combination of
any other information that may be published in the Fact book or on ArcelorMittal’s website for the environmental and sustainability assurance
current reporting period or for previous periods. experience.
97 ARCELORMITTAL FACT BOOK 2019 S1 S2 S3 S4 S5 S6 S7 S8 CONTENTS PREVIOUS BACK FORWARD

Standard and level of assurance

Inherent limitations
We performed a limited assurance engagement in accordance with the International Standard
on Assurance Engagements (ISAE) 3000 revised – ‘Assurance Engagements other than Audits
and Reviews of Historical Financial Information’ (revised), issued by the International Auditing All assurance engagements are subject to
and Assurance Standards Board. This standard requires that we comply with ethical inherent limitations as selective testing
requirements and plan and perform the assurance engagement to obtain limited assurance. (sampling) may not detect errors, fraud or
other irregularities. Non-financial data may
DNV GL applies its own management standards and compliance policies for quality control, in be subject to greater inherent uncertainty
accordance with ISO/IEC 17021:2011 - Conformity Assessment Requirements for bodies than financial data, given the nature and
providing audit and certification of management systems, and accordingly maintains a methods used for calculating, estimating
comprehensive system of quality control including documented policies and procedures and determining such data. The selection of
different, but acceptable, measurement
regarding compliance with ethical requirements, professional standards and applicable legal
techniques may result in different
and regulatory requirements. quantifications between different entities.
Our assurance relies on the premise that
The procedures performed in a limited assurance engagement vary in nature and timing from,
the data and information provided to us by
and are less in extent than for, a reasonable assurance engagement; and the level of assurance ArcelorMittal have been provided in good
obtained is substantially lower than the assurance that would have been obtained had a faith. DNV GL expressly disclaims any
reasonable assurance engagement been performed. We planned and performed our work to liability or co-responsibility for any decision
obtain the evidence we considered sufficient to provide a basis for our opinion, so that the risk a person or an entity may make based on
of this conclusion being in error is reduced but not reduced to very low. this Independent Limited Assurance Report.

Basis of our conclusion

We are required to plan and perform our work in order to consider the risk of material
misstatement of the Selected Information; our work included, but was not restricted to:
Responsibilities of the
▪ Assessing the appropriateness of the Criteria for the Selected Information; Directors of ArcelorMittal and
DNV GL
▪ Conducting interviews with ArcelorMittal management to obtain an understanding of the key
processes, systems and controls in place to generate, aggregate and report the Selected
Information; The Directors of ArcelorMittal have sole
responsibility for:
▪ Site visits to the following sites to review process and systems for preparing site level data
consolidated at Head Office for the Selected Information listed on the previous page. DNV GL ▪ Preparing and presenting the Selected
information in accordance with the
were free to choose the sites on the basis of materiality and their contribution to the Group’s
Criteria;
overall data.
▪ Designing, implementing and
• ArcelorMittal Temirtau, Kazakhstan (steel)
maintaining effective internal controls
• ArcelorMittal Lázaro Cárdenas Flat, Mexico (steel) over the information and data,
• ArcelorMittal Lázaro Cárdenas Long, Mexico (steel) resulting in the preparation of the
• ArcelorMittal Gent, Belgium (steel) Selected Information that is free from
material misstatements;
• ArcelorMittal Belval, Luxembourg (steel)
▪ Measuring and reporting the Selected
• ArcelorMittal Bremen, Germany (steel)
Information based on their established
• ArcelorMittal Eisenhüttenstadt, Germany (steel) Criteria; and
• ArcelorMittal Abayskaya, Kazakhstan (mining) ▪ Contents and statements contained
• ArcelorMittal Kostenko, Kazakhstan (mining) within the Fact book and the Criteria.

▪ Planning a site visit to ArcelorMittal Fos-sur-Mer, France. Due to the impacts of COVID-19 this Our responsibility is to plan and perform our
work to obtain limited assurance about
was not completed, however the exclusion of this site visit does not affect our conclusion set
whether the Selected Information has been
out above. prepared in accordance with the Criteria
and to report to ArcelorMittal in the form of
▪ Performing limited substantive testing on a selective basis of the Selected Information to check
an independent limited assurance
that data had been appropriately measured, recorded, collated and reported; conclusion, based on the work performed
and the evidence obtained. We have not
▪ Recalculating the Selected Information using suitable conversion factors and/or as established
been responsible for the preparation of the
by ArcelorMittal’s Criteria; Fact book.
▪ Reviewing data at source and following this through to consolidated Group data;
▪ Reviewing that the evidence, measurements and their scope provided to us by ArcelorMittal
for the Selected Information is prepared in line with the Criteria; and
DNV GL Business Assurance
▪ Reviewing the Fact book with regard to the Criteria.

DNV GL Business Assurance Services UK

Limited is part of DNV GL – Business
Assurance, a global provider of certification,
DNV GL Business Assurance Services UK Limited
verification, assessment and training
London, UK
services, helping customers to build
30 April 2020 sustainable business performance.
www.dnvgl.co.uk/BetterAssurance
Published in April 2020

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