ArcelorMittal acquires the USSSENKRUPP Steel USA together with Nippon Steel & Sumitomo Metal

ArcelorMittal announced that together with Nippon Steel & Sumitomo Metal Corporation ("NSSMC"), in the ratio of 50/50, 100 percent of the USSSENKRUPP STEEL shares in a total capacity of 5.3 million tons at ThyssenkrupP as agreed The price of $ 1550 million is subject to approval by regulatory authorities.

The transaction will be financed by combining its own and borrowed funds at the level of a joint venture and amount to $ 60 million annually. It submits a six -year agreement to purchase 2 million tons of plates annually from the CSA TC in Brazil, using the market price formula. CSA TC has the opportunity to extend the agreement for another three years on more favorable terms compared to the initial period of time.

Arcelormittal and NSSMC have long experience in successful cooperation in the automotive industry in North America, carried out through joint enterprises I/N Tek and Kote, which were created in 1987 and are in New Carlae, Indiana. The capabilities of the plant in Kalvert will complement the existing ARCELORMITTAL auto business in the United States. This acquisition will also strengthen the position of ArcelorMittal in the energy industry.

Lakshmi N. Mittal, chairman of Arcelormittal, said: “This is an important strategic acquisition for Arcelormittal. Kalvert factory is one of the most modern objects in the world. It perfectly complements our existing opportunities in the United States and South America, and will also improve our positions in the southern United States. We have successfully worked with it. NSSMC in other joint projects in the United States for many years and is looking forward to expanding cooperation. "