<SEC-DOCUMENT>0000903423-16-000981.txt : 20160425
<SEC-HEADER>0000903423-16-000981.hdr.sgml : 20160425
<ACCEPTANCE-DATETIME>20160425133118
ACCESSION NUMBER:		0000903423-16-000981
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160425
FILED AS OF DATE:		20160425
DATE AS OF CHANGE:		20160425

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ArcelorMittal
		CENTRAL INDEX KEY:			0001243429
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35788
		FILM NUMBER:		161588534

	BUSINESS ADDRESS:	
		STREET 1:		24-26, BOULEVARD D?AVRANCHES
		STREET 2:		L-1160 LUXEMBOURG
		CITY:			GRAND DUCHY OF LUXEMBOURG
		STATE:			N4
		ZIP:			00000
		BUSINESS PHONE:		35247922151

	MAIL ADDRESS:	
		STREET 1:		24-26, BOULEVARD D?AVRANCHES
		STREET 2:		L-1160 LUXEMBOURG
		CITY:			GRAND DUCHY OF LUXEMBOURG
		STATE:			N4
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARCELOR
		DATE OF NAME CHANGE:	20030618
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>arcelor6k_0425.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: italic bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16<BR>
UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Dated April 25, 2016</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number: 001-35788</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">ARCELORMITTAL</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of registrant&#8217;s name into
English)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">24-26, Boulevard d&#8217;Avranches</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">L-1160 Luxembourg</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Grand Duchy of Luxembourg</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">Form
20-F </FONT>&#9746;<FONT STYLE="font-size: 11pt">&#9;Form 40-F &#9744;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">Yes &#9744;&#9;No
&#9746;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">If &#8220;Yes&#8221; marked, indicate below
the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On April 25, 2016, ArcelorMittal
issued the press release attached hereto as Exhibit 99.1, hereby incorporated by reference into this report on Form 6-K.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit List</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-decoration: underline"><FONT STYLE="font-size: 11pt"><U>Exhibit No.</U></FONT></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt">&#9;<U>Description</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Press release dated April 25, 2016, reporting that ArcelorMittal announces the publication of first quarter 2016 Ebitda sell-side analyst consensus figures.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 247.5pt">ARCELORMITTAL</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Date: April 25, 2016</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 247.5pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 247.5pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 247.5pt">By: <FONT STYLE="font-variant: small-caps"><U>&#9; /</U></FONT><U>s<FONT STYLE="font-variant: small-caps">/
</FONT>Henk Scheffer<FONT STYLE="font-variant: small-caps"> </FONT></U><FONT STYLE="font-variant: small-caps">&#9;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.75in"></TD><TD STYLE="width: 0.5in">Name:</TD><TD>Henk Scheffer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.75in"></TD><TD STYLE="width: 0.5in">Title:</TD><TD>Company Secretary</TD></TR></TABLE>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit Index</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline"><FONT STYLE="font-size: 11pt"><U>Exhibit No.</U></FONT></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">&#9;<U>Description</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Press release dated April 25, 2016, reporting that ArcelorMittal announces the publication of first quarter 2016 Ebitda sell-side analyst consensus figures.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 4.25in; text-align: justify; text-indent: -0.5in">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>arcelor6kex991_0425.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: right"><IMG SRC="arcelormittal-logo1.jpg" ALT=""></P>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR>
    <TD>
        <P STYLE="color: #414141; font: 60pt Arial, Helvetica, Sans-Serif; margin: 0">press release</P></TD></TR>
</TABLE>
<P STYLE="margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-indent: 0.5in"></P>

<P STYLE="font: bold 14pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 14pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>ArcelorMittal announces the publication of first quarter
2016 Ebitda sell-side analyst consensus figures</B></P>

<P STYLE="font: 14pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 14pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B></B></P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0">25 April 2016 - ArcelorMittal has today announced the publication
of first quarter 2016 Ebitda sell-side analysts&#8217; consensus figures.&nbsp;The consensus figures are based on analysts&#8217;
estimates recorded on an external web-based tool provided and managed by an independent company, Vuma Financial Services Limited
(trade name: Vuma Consensus).&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0">To arrive at the consensus figures below, Vuma Consensus has
aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis.
This is currently a group of around 30 brokers.&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0">The listed analysts follow ArcelorMittal on their own initiative
and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor
in the compilation of the estimates.&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><B>EBITDA consensus estimates</B></P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" STYLE="width: 100%">
<TR>
    <TD STYLE="padding: 0.75pt; font: 10pt/14pt Arial, Helvetica, Sans-Serif; text-align: center"><B>Period &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</B></TD>
    <TD STYLE="padding: 0.75pt; font: 10pt/14pt Arial, Helvetica, Sans-Serif; text-align: center"><B>Number of sell-side analysts participation</B></TD>
    <TD STYLE="padding: 0.75pt; font: 10pt/14pt Arial, Helvetica, Sans-Serif; text-align: center"><B>EBITDA consensus average $ million</B></TD></TR>
<TR>
    <TD STYLE="padding: 0.75pt; font: 10pt/14pt Arial, Helvetica, Sans-Serif">Q1 2016E</TD>
    <TD STYLE="padding: 0.75pt; font: 10pt/14pt Arial, Helvetica, Sans-Serif; text-align: center">22</TD>
    <TD STYLE="padding: 0.75pt; font: 10pt/14pt Arial, Helvetica, Sans-Serif; text-align: center">$920</TD></TR>
</TABLE>
<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0">The sell-side analysts who cover ArcelorMittal and whose estimates
are included in the group consensus outlined above are the following:</P>

<UL STYLE="list-style-type: disc">

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">ABN Amro - Philip
Ngotho</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Bank of America
Merrill Lynch - Cedar Ekblom</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">BEKA Finance
- I&ntilde;igo Recio Pascual</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Berenberg &#8211;
Alessandro Abate</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Clarkson Platou
Securities &#8211; Lee McMillan</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Commerzbank
- Ingo-Martin Schachel&nbsp;</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Cowen &amp;
Company - Tony Rizzuto</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Credit Suisse
- Michael Shillaker&nbsp;</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Degroof Petercam
- Junior Cuigniez</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Deutsche Bank
- Bastian Synagowitz</FONT></LI>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page --><!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Exane BNP Paribas
- Luc Pez&nbsp;</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Goldman Sachs
- Stephen Benson</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Grupo Santander
- Robert Jackson</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">ING - Jaap Kuin</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Jefferies International
- Seth Rosenfeld; Alan Spence</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">JP Morgan &#8211;
Roger Bell</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Kepler Cheuvreux
- Rochus Brauneiser&nbsp;</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Macquarie &#8211;
Patrick Morton</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morgan Stanley
&#8211; Alain Gabriel</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Rabobank International
- Frank Claassen</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">RBC Capital
Markets - Ioannis Masvoulas</FONT></LI>

<LI STYLE="line-height: 150%; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UBS &#8211;
Carsten Riek</FONT></LI>

</UL>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>Disclaimer&nbsp;</I></B><BR>
<I>The consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts. It is not prepared
based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal's results
from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed
information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate.
This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third
parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal's
actual future results, financial situation, development or performance, and the estimates given here. These factors include those
discussed in ArcelorMittal's periodic reports available on <FONT STYLE="color: Navy"><U>corporate.arcelormittal.com</U></FONT></I></P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>arcelormittal-logo1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 arcelormittal-logo1.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X1#X17AI9@  34T *@    @ ! $[  (
M   /   (2H=I  0    !   (6IR=  $    >   0TNH<  <   @,    /@
M   <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                 %!A=6P@5&5P
M<&5R;6%N    !9 #  (    4   0J) $  (    4   0O)*1  (    #,3@
M )*2  (    #,3@  .H<  <   @,   (G      <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                         #(P,3$Z,#<Z,30@,3(Z,C@Z,C< ,C Q,3HP
M-SHQ-" Q,CHR.#HR-P   %  80!U &P ( !4 &4 < !P &4 <@!M &$ ;@
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M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P  1" !L .\# 2(  A$! Q$!_\0 'P
M 04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%! 0
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)%% !1110!__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
