<SEC-DOCUMENT>0001140361-19-013189.txt : 20190719
<SEC-HEADER>0001140361-19-013189.hdr.sgml : 20190719
<ACCEPTANCE-DATETIME>20190719141512
ACCESSION NUMBER:		0001140361-19-013189
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190719
FILED AS OF DATE:		20190719
DATE AS OF CHANGE:		20190719

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:		19963087

	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>form6k.htm
<DESCRIPTION>6-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using EDGARfilings PROfile 6.1.0.0
         Copyright 1995 - 2019 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: Arial; font-size: 9pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
  <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">UNITED STATES<br>
    SECURITIES AND EXCHANGE COMMISSION</div>
  <div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Washington, D.C.&#160; 20549</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">FORM 6-K</div>
    <div style="text-align: center; margin-top: 6pt; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER<br>
      PURSUANT TO RULE 13a-16 OR 15d-16<br>
      UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">Dated July 19, 2019</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">Commission File Number: 001-35788</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">ARCELORMITTAL</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">(Translation of registrant&#8217;s name into English)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">24-26, Boulevard d&#8217;Avranches</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">L-1160 Luxembourg</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">Grand Duchy of Luxembourg</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">(Address of principal executive offices)</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 72pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Form 20-F &#9746;</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      </font><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Form 40-F &#9744;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 11pt;">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): _____</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 11pt;">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): _____</div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="color: #000000;">On </font>July 19, 2019<font style="color: #000000;">, ArcelorMittal issued the press release attached hereto as
        Exhibit 99.1 and hereby incorporated by reference into this report on Form 6-K.</font></div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Exhibit List</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z712bbda2e24b4da084df7a0d1e54bd13">

        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-size: 11pt;"><u>Exhibit No.</u></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Description</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Exhibit 99.1</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Press release dated July 19, 2019, announcing that ArcelorMittal announces the publication of second quarter 2019 Ebitda sell-side analyst consensus figures.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Exhibit Index</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="za8c9dc3a38f643cfb159f63cf8c318a6">

        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-size: 11pt;"><u>Exhibit No.</u></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 11pt;"><u>Description</u></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Exhibit 99.1</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-size: 11pt;"><a href="ex99_1.htm">Press release dated July 19, 2019, announcing
                that ArcelorMittal announces the publication of second quarter 2019 Ebitda sell-side analyst consensus figures.</a></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 11pt;">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.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',serif; font-size: 11pt; text-align: center;">ARCELORMITTAL</div>
    <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Date 19 July 2019</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z22930ced2ddf4d509aed6b526e626425" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

          <tr>
            <td colspan="1" style="width: 4%;">By:</td>
            <td style="width: 50.00%;"><u><font style="font-family: 'Times New Roman', serif; font-size: 11pt; font-variant: small-caps;">&#160;&#160;&#160; /</font></u><font style="font-family: 'Times New Roman', serif; font-size: 11pt;"><u>s/ Henk Scheffer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;
                  &#160; &#160; &#160; &#160;&#160;&#160;&#160; </u><br>
              </font></td>
            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 4%;">&#160;</td>
            <td style="width: 50.00%;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Name:</font><font style="text-indent: 0px; font-size: 5.02pt;">&#160; </font><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Henk
                Scheffer</font></td>
            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 4%;">&#160;</td>
            <td style="width: 50.00%;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Title:</font><font style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Company



                Secretary &amp; Group Compliance &amp; Data Protection Officer</font></td>
            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="font-family: 'Times New Roman', serif; font-size: 11pt;"><br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using EDGARfilings PROfile 6.1.0.0
         Copyright 1995 - 2019 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: Arial; font-size: 9pt; text-align: left; color: #000000;">
  <!--PROfilePageNumberReset%Num%1%%%-->
  <div id="DSPFPageHeader"></div>
  <div>
    <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  <div>
    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
    </div>
    <div style="margin-bottom: 8pt; text-align: right;"><br>
    </div>
    <div style="margin-bottom: 8pt; text-align: right;"><img src="logo.jpg"></div>
    <div>
      <div style="color: #414141; font-family: Arial, sans-serif; font-size: 60pt;">press release</div>
    </div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; font-family: Arial, sans-serif; font-size: 14pt; font-weight: bold;">ArcelorMittal announces the publication of second quarter 2019 Ebitda sell-side analyst consensus figures</div>
    <div style="font-family: Arial, sans-serif; font-size: 10pt;">19 July 2019 16:30 CET - ArcelorMittal today announces the publication of its second quarter 2019 EBITDA sell-side analysts&#8217; consensus figures.</div>
    <div><br>
    </div>
    <div style="font-family: Arial, sans-serif; font-size: 10pt;">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).</div>
    <div><br>
    </div>
    <div style="font-family: Arial, sans-serif; font-size: 10pt;">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 about 20 brokers.</div>
    <div><br>
    </div>
    <div style="font-family: Arial, sans-serif; font-size: 10pt;">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.</div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; font-family: Arial, sans-serif; font-size: 10pt; font-weight: bold;">EBITDA consensus estimates</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" style="border-collapse: collapse; width: 60%; color: #000000; font-family: Arial; font-size: 9pt; text-align: left;" id="z7c93299d1836447ab31c5c45e88d80fb">

        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt; font-weight: bold;">Period<br>
            </div>
          </td>
          <td style="width: 20%; vertical-align: middle;">
            <div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt; font-weight: bold;">Number of sell-side</div>
            <div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt; font-weight: bold;">&#160;analysts participation</div>
          </td>
          <td style="width: 20%; vertical-align: middle;">
            <div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt; font-weight: bold;">EBITDA consensus</div>
            <div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt; font-weight: bold;">&#160;average $ million</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt;">2Q 2019</div>
          </td>
          <td style="width: 20%; vertical-align: middle;">
            <div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt;">20</div>
          </td>
          <td style="width: 20%; vertical-align: middle;">
            <div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt;">$1,529</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">&#160;</td>
          <td style="width: 20%; vertical-align: middle;">&#160;</td>
          <td style="width: 20%; vertical-align: middle;">&#160;</td>
        </tr>

    </table>
    <div style="font-family: Arial,sans-serif; font-size: 10pt; clear: both;">The sell-side analysts who cover ArcelorMittal and whose estimates are included in the Group consensus outlined above are the following:</div>
    <div style="font-family: Arial, sans-serif; font-size: 10pt;"> <br>
    </div>
    <div style="font-family: Arial, sans-serif; font-size: 10pt;">
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z60def36df1274861a60438265d477e8c">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Ahorro &#8211; Cesar Bergon</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z158464e9772e426d8ef2d0164515f4b5">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">BancoSabadell - Francisco Rodriguez</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z76be625ab6134d1da68a73c25b490e11">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Bank of America Merrill Lynch - Cedar Ekblom</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbad1525bc45a47d1aeca34862a37f019">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">BBVA - Luis de Toledo</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0e2b1422c3b241bcbfbebe3390be5332">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Citi &#8211; Ephrem Ravi</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zed5b2a87d3234fe3ad5068113afa710b">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Commerzbank - Ingo-Martin Schachel</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z65ffb64ead2d4c52b5beccf093fe8677">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Degroof Petercam - Frank Claassen</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze7a4c6d356aa49ba9430f518ebc83c3e">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Deutsche Bank - Bastian Synagowitz</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4874ca328d2a4bf69b6fb7db32139fbc">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Goldman Sachs &#8211; Kevin Hellgard</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5cf8dd0b95d64ebd9e474af89f6d2104">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">GVC Gaesco Beka - I&#241;igo Recio Pascual</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2fba7513cf364774ae3f1d9d3a2eeeea">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Groupo Santander &#8211; Robert Jackson</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcddae1fdb4784691b604cd249cf60808">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">ING - Stijn Demeester</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6a96cc9ca63e41eaa59555926b2a9e6b">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Jefferies &#8211; Alan Spence</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z480d486818974c3c992523576f84b193">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">JPM &#8211; Luke Nelson</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z016d0b773e954a6a83c9bcb0e4d29d83">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Kepler - Rochus Brauneiser</div>
                </td>
              </tr>

          </table>
          <div> <br>
          </div>
          <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" id="DSPFPageBreakArea">
            <div style="width: 100%;" id="DSPFPageFooter"><font style="font-style: normal; font-size: 9pt;">Page <font id="DSPFPageNumber" style="font-family: Arial; font-weight: normal; font-style: normal;">1</font> of 2</font></div>
            <div style="page-break-after: always;" id="DSPFPageBreak">
              <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
            <div id="DSPFPageHeader"></div>
          </div>
          <div> <br>
          </div>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbf2b060879134a549377dcdaa1e4303c">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Macquarie - Ioannis Masvoulas</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9ef6126401a546cda216061e7a03e231">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Morgan Stanley - Alain Gabriel</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf1f7efcb0d064e9d942ead28c271057d">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Oddo &#8211; Alain Williams</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z3f23c51d6ee343179a80106e5a87631e">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">Societe G&#233;n&#233;rale &#8211; Christian Georges</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z04ebc41756de442c9effc88a919b571a">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, sans-serif; font-size: 10pt;">UBS &#8211; Myles Allsop</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; font-family: Arial, sans-serif; font-size: 8.5pt; font-style: italic; font-weight: bold;">Disclaimer</div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; font-family: Arial, sans-serif; font-size: 8.5pt;"><font style="font-style: italic;">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><font style="font-style: italic;">http://corporate.arcelormittal.com/</font><font style="font-style: italic;">&#160;</font></div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; font-family: Arial, sans-serif; font-size: 8.5pt;"><font style="font-style: italic;"> <br>
      </font></div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; font-family: Arial, sans-serif; font-size: 8.5pt;"><font style="font-style: italic;"> <font style="font-style: normal; font-size: 9pt;">Page <font id="DSPFPageNumber" style="font-family: Arial; font-weight: normal; font-style: normal;">2</font> of 2</font></font></div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
  <div style="width: 100%;" id="DSPFPageFooter"><font style="font-style: normal;"><br>
    </font></div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo.jpg
<TEXT>
begin 644 logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !; -@# 2(  A$! Q$!_\0
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M#=/\&GLT^C6C/I:BBBO0/%"BBB@ HHHH **** "BBB@ HHHH Y?XQ?&?PS\
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MM"-C>0H4<8'-?\&Y_BN=OV-O$_@Z]R+_ ,"^,+VP=#_ CI%)T_ZZ&;\JY/\
MX(5>'[#Q5X^_:RTW5+&TU+3KWQGY-S:W4*S07$9FO@4=&!5E/<$8H YK_@E[
M_P %&_"^N_\ !1+X]V?B'XF7-WHOC_Q)!!X&@OY;AK>\+75PD20*RXARCP*
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M ,?KZ>A^&/ARW^(,WBR/0='3Q1<6@L)=76SC%]);@[A$9L;RF0#MSC@>E;M
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M<6\X!##<C@J<$ C(X(!K0TO2[;0],M[*RMX+.SM(EA@@@C$<4$:@!451@*H
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M^&7AS4?'UGXJN-!T>?Q-IUL]G:ZM)9QM>VT#G+1I*1O53DY ..3ZF@#\ZO\
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I/P_I6GZ)HVG)Y5K8V-NMO;VZY)PB* HY)/ ZDT :E%%% !1110!__]D!

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