<SEC-DOCUMENT>0001140361-20-014691.txt : 20200625
<SEC-HEADER>0001140361-20-014691.hdr.sgml : 20200625
<ACCEPTANCE-DATETIME>20200625133146
ACCESSION NUMBER:		0001140361-20-014691
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200625
FILED AS OF DATE:		20200625
DATE AS OF CHANGE:		20200625

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:		20988399

	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>
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      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</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;"> <br>
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      <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</div>
      <div style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold; text-align: center;">PURSUANT TO RULE 13a-16 OR 15d-16</div>
      <div style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold; text-align: center;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
      <div style="font-weight: 400;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">
        <hr noshade="noshade" align="center" style="height: 2px; width: 25%; color: #54301A; background-color: #54301A; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">Dated June 25, 2020</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 office)</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>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdfec26fb574a487cbeb163777b0e262e">

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            <td style="width: 99pt; vertical-align: top; align: right; font-family: 'Times New Roman', serif; font-size: 11pt;">Form 20-F &#9746;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Form 40-F &#9744;</div>
            </td>
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      </table>
      <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): &#9744;</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):&#160; &#9744;</div>
      <div style="text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 11pt;"> <br>
      </div>
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        <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>
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      <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="color: #000000;">On </font>June 25, 2020<font style="color: #000000;">, ArcelorMittal published 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>
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              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;"><u>Exhibit No.</u></div>
            </td>
            <td style="width: 84.62%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Description</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15.38%; vertical-align: top;">&#160;</td>
            <td style="width: 84.62%; vertical-align: top;">&#160;</td>
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            <td style="width: 15.38%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Exhibit 99.1</div>
            </td>
            <td style="width: 84.62%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Press release, dated June 25, 2020, announcing ArcelorMittal Europe sets out path to net zero by 2050, with pioneering technologies at the forefront of the company&#8217;s roadmap
                for carbon-neutral steelmaking.</div>
            </td>
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      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Exhibit Index</div>
      <div><br>
      </div>
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              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;"><u>Exhibit No.</u></div>
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            <td style="width: 84.62%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;"><u>Description</u></div>
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            <td style="width: 15.38%; vertical-align: top;">&#160;</td>
            <td style="width: 84.62%; vertical-align: top;">&#160;</td>
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              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;"><a href="ex99_1.htm">Exhibit 99.1</a></div>
            </td>
            <td style="width: 84.62%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Press release, dated June 25, 2020, announcing ArcelorMittal Europe sets out path to net zero by 2050, with pioneering technologies at the forefront of the company&#8217;s roadmap
                for carbon-neutral steelmaking.</div>
            </td>
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      <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>
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      </div>
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              <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">ARCELORMITTAL</div>
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              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Date 25 June 2020</div>
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              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">By:</div>
            </td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><font style="font-family: 'Times New Roman', serif; font-size: 11pt; font-variant: small-caps;">/</font><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">s/ Henk Scheffer</font></td>
            <td style="width: 70%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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            </td>
            <td colspan="2" style="vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Name: Henk Scheffer</div>
            </td>
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            </td>
            <td colspan="2" style="vertical-align: top; font-family: 'Times New Roman';">
              <div style="font-size: 11pt;">Title:&#160;&#160; Company Secretary &amp; Group Compliance &amp; Data Protection Officer</div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="font-weight: normal; text-align: right;"> <font style="font-weight: bold;">Exhibit 99.1</font><br>
    </div>
    <div style="font-weight: normal;">
      <div><br>
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      <div>
        <div style="text-align: right;"><img src="image00003.jpg"></div>
        <div>
          <div style="color: #414141; font-family: Arial, sans-serif; font-size: 60pt;">press release</div>
          <div><br>
          </div>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 14pt; font-weight: bold;">ArcelorMittal Europe sets out path to net zero by 2050, with pioneering technologies at the forefront of the company&#8217;s roadmap for carbon-neutral steelmaking</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt; font-weight: bold;">1200 CET, 25 June 2020</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="zed7f555efe8a4762b0d2ed0149e34386" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

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              <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;"><font style="font-weight: bold;">Europe&#8217;s largest steelmaker, unveils breakthrough technologies that will take the company to 30% lower </font><font style="background-color: #FFFFFF; font-weight: bold; color: #222222;">CO</font><sub style="color: #222222; font-weight: bold; vertical-align: bottom; line-height: 1; font-size: smaller;"><font style="background-color: #FFFFFF;">2</font></sub><font style="font-weight: bold;"> emissions by 2030, and carbon neutrality by
                    2050</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right; font-size: 10pt;">&#8226;</td>
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                <div style="font-family: Arial, sans-serif; font-size: 10pt;"><font style="font-weight: bold;">ArcelorMittal Europe is investing in two routes to carbon neutrality, Smart Carbon and an innovative DRI-based route, in recognition of the need
                    to act now to reduce </font><font style="background-color: #FFFFFF; font-weight: bold; color: #222222;">CO</font><sub style="color: #222222; font-weight: bold; vertical-align: bottom; line-height: 1; font-size: smaller;"><font style="background-color: #FFFFFF;">2</font></sub><font style="font-weight: bold;"> emissions, in line with the EU&#8217;s Green Deal and the Paris Agreement</font></div>
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        <table cellspacing="0" cellpadding="0" id="z4d26b44c86924568b8ccf7e33a4bb24c" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

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              <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; font-weight: bold;">Calls for new policy framework, to support the industry in its transition to carbon neutrality, naming five market conditions that are needed for Europe&#8217;s
                  steelmakers to compete globally</div>
              </td>
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        </table>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">ArcelorMittal Europe has announced details of how it plans to become carbon neutral by 2050 in its first climate action report, published today. Building on the company&#8217;s work that has
          demonstrated that the steelmaking process can become carbon neutral, the report publishes details of the ground-breaking work underway to reduce emissions by 30% by 2030 before reaching net zero in 2050.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">The company is pioneering two breakthrough carbon-neutral routes for steelmaking: Smart Carbon, and an innovative DRI-based route.</div>
        <div><br>
        </div>
        <div style="color: #000000; font-family: Arial, sans-serif; font-size: 10pt;">Smart Carbon is a carbon-neutral steelmaking route that leverages all clean energies &#8211; circular carbon, clean electricity and carbon capture and storage (CCS) - within
          the high temperature-controlled reduction environment of ironmaking. In its first phase, Smart Carbon will primarily use circular carbon.</div>
        <div><br>
        </div>
        <div style="color: #000000; font-family: Arial, sans-serif; font-size: 10pt;">Reaching carbon-neutral steelmaking via DRI involves moving from using predominantly natural gas, to hydrogen as the key reductant in ironmaking. As this hydrogen becomes
          &#8216;green&#8217;, the steelmaking process comes close to carbon neutrality.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">While both the Smart Carbon route and the DRI-based route have the potential to deliver carbon -neutral steel by 2050, the important difference between the two routes is that Smart
          Carbon can deliver results sooner, through its use of complementary technologies which enable incremental progress.&#160; Uniquely, Smart Carbon has the potential not only to provide carbon-neutral steel, but also carbon-neutral cement, and the
          building blocks to make recycled carbon materials to replace polyethylene-based plastics. Smart Carbon can also contribute to <font style="background-color: #FFFFFF; color: #222222;">CO</font><sub style="color: #222222; font-weight: bold; vertical-align: bottom; line-height: 1; font-size: smaller;"><font style="background-color: #FFFFFF;">2</font></sub> removal, through the increased use of circular carbon, using sustainable biomass and waste, combined with scaling up CCS.</div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;"> <br>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
          <div id="DSPFPageNumberArea"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Page 1 of 3</font></div>
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        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">By investing in both routes &#8211; and in recognition of the need to act now to combat climate change - this means ArcelorMittal Europe can significantly reduce scope 1 <font style="background-color: #FFFFFF; color: #222222;">CO</font><sub style="color: #222222; font-weight: bold; vertical-align: bottom; line-height: 1; font-size: smaller;"><font style="background-color: #FFFFFF;">2</font></sub> emissions* &#8211; which include all process emissions - by 2030 over a 2018 baseline,
          while waiting for the large-scale, affordable renewable energy needed for hydrogen-based steelmaking.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">ArcelorMittal Europe&#8217;s 2030 target therefore combines Smart Carbon technologies and increased scrap usage, specifically by developing new ways to increase the use of low-quality scrap
          metal &#8211; which is hard to recycle - in the primary steel production process.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">In the longer-term, both routes have the potential to leverage all three clean energies to achieve carbon neutrality, namely:</div>
        <div><font style="font-family: Arial, sans-serif; font-size: 10pt;"> </font><br>
        </div>
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              <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;">clean electricity (generated by sources such as solar and wind),</div>
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              <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;">circular carbon (making use of biowaste materials, such as sustainable forestry and agriculture residues, to produce bioenergy)</div>
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            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" id="z2b23562d6c0a4e078dea904b6116444e" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

            <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;">carbon capture and storage (capturing <font style="background-color: #FFFFFF; color: #222222;">CO</font><sub style="color: #222222; vertical-align: bottom; line-height: 1; font-size: smaller;"><font style="background-color: #FFFFFF;">2</font></sub>
                  before it is emitted, transporting it and storing it safely underground).</div>
              </td>
            </tr>

        </table>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">Commenting on the report, Aditya Mittal, President and CFO, ArcelorMittal, and CEO ArcelorMittal Europe, said:</div>
        <div style="margin-bottom: 5pt;"><br>
        </div>
        <div style="margin-bottom: 5pt; font-family: Arial, sans-serif; font-size: 10pt;"><font style="color: #000000;">&#8220;Climate change is one of the greatest challenges facing us all.&#160; Understandably, much attention is currently focussed on navigating the
            unexpected and unprecedented outbreak of Covid-19.&#160; However, climate change </font>remains a huge long-term challenge that will require diligent attention and progress for decades to come. And like Covid-19, it is not something that one
          country or one company can solve alone. Carbon emissions also know no border, so it will take a global effort, with all nations and companies playing their part.</div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">&#8220;ArcelorMittal Europe is doing a lot of work to develop a path to net zero. The technologies we are working on have the potential to make a big impact. Indeed, steel should and can play
          a leading role in achieving the vision for Europe as outlined in the Green Deal.&#160;&#160; Our research and development team are one of the best in the industry and relish solving complex problems. But it needs a team effort.&#160; The support the EU and
          member states can give to ensure we have well-designed policy to make large-scale, competitive, carbon-neutral steelmaking a reality, is critical.&#8221;</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">ArcelorMittal Europe has industrial-scale demonstration projects under construction for every part of its carbon-neutral roadmap. The company is building industrial-scale demonstration
          plants at its operations in Belgium (Carbalyst&#174; and Torero), France (3D and IGAR in Dunkirk). In Hamburg, Germany,<font style="color: #000000;"> we are in the design and funding phase prior to the investment decision, of an industrial-scale
            project to use hydrogen instead of natural gas in the direct reduction of iron ore (DRI).</font> These demonstration plants will allow the company to scale-up technologies that will be used in the Smart Carbon and DRI-based routes. The progress
          made has also been possible thanks to financial support from EU member states and European Union funding. ArcelorMittal Europe is now in the process of applying for funding for a further six projects.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">While some of the technologies that feature in ArcelorMittal Europe&#8217;s roadmap will be ready for commercial-scale use by 2025, and by 2030 many of the Smart Carbon technologies can be
          mature and partially deployed across our facilities in Europe, the report also highlights the need for the right policy framework to enable European steelmaking to contribute to the EU&#8217;s climate targets, particularly given the costs involved.&#160; In
          total, the estimated investment needed for ArcelorMittal Europe to fully implement Smart Carbon is &#8364;15-25bn and &#8364;30-40bn for the DRI-based route.&#160; An additional &#8364;15&#8211;200bn would be required for the associated clean energy infrastructure (see
          report for more detail).</div>
        <div><br>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
          <div id="DSPFPageNumberArea"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Page 2 of 3</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <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="font-family: Arial, sans-serif; font-size: 10pt;">Geert Van Poelvoorde, CEO ArcelorMittal Europe &#8211; Flat Products, explained:</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">&#8220;I am proud of the work that has brought us this far in our efforts to create Europe&#8217;s first and largest carbon-neutral steelmaker. Our progress would not have been possible without the
          many partners we have on our Smart Carbon and innovative DRI projects. Today, the biggest barrier to transitioning to carbon-neutral steel, beyond the necessary technologies reaching commercial maturity, is the absence of the right market
          conditions. The financial costs of realising carbon-neutral steelmaking are undeniably huge. However, with a shift in market conditions brought about by having the right policies in place, European steelmakers will be able to unlock the means to
          reduce emissions from steel globally, while also ensuring the European steel industry remains competitive.&#8221;</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">The medium-term market conditions needed include:</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">1. Creating an environment where carbon-neutral steel is more competitive than steel which is not carbon neutral</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">2. A fair competitive landscape that accounts for the global nature of the steel market, addressing domestic, import and export steel dynamics, as well as the distinction between primary
          and secondary sources to make steel.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">3. Access to sustainable finance, to innovate and make long-term investments.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">4. Access to abundant, affordable clean energy: the scale of the steel industry&#8217;s energy needs are such that concerted cross-sector and government efforts will be required to develop the
          necessary clean energy infrastructure.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">5. Public instruments to accelerate innovative technology deployment to transition to carbon neutral steelmaking.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">The report also reiterates the company&#8217;s position that a Carbon Border Adjustment should be introduced in the European Union, which would ensure that EU-produced steel and imported steel
          tonnes in direct competition would have an equal carbon cost, creating a fair market and, crucially, encouraging investment in lower-emissions steel production.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">ArcelorMittal Europe announced its target to reduce<font style="background-color: #FFFFFF; font-weight: bold; color: #222222;">&#160;</font><font style="background-color: #FFFFFF; color: #222222;">CO</font><sub style="color: #222222; font-weight: bold; vertical-align: bottom; line-height: 1; font-size: smaller;"><font style="background-color: #FFFFFF;">2</font></sub> emissions by 30% by 2030, in December 2019, and its ambition to be carbon neutral by 2050, in June 2019.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">The ArcelorMittal group will publish its 2030 target later this year.</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">Ends</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">*ArcelorMittal Europe 30% CO2 reduction target includes: ArcelorMittal Europe &#8211; Flat Products, ArcelorMittal Europe &#8211; Long Products, and Industeel</div>
        <div><br>
        </div>
        <div style="font-family: Arial, sans-serif; font-size: 10pt;">To read the report and view a short film about our roadmap, visit <u>https://corporate.arcelormittal.com/sustainability/climate-action-in-europe</u></div>
        <div><br>
        </div>
        <div style="color: #000000; font-family: Arial, 'sans-serif'; font-size: 10pt;"><font style="font-family: Arial,sans-serif; color: rgb(0, 0, 0);">To view our Carbon Border Adjustment animation, &#8216;Creating a low-carbon world, the case for a Carbon
            Border Adjustment&#8217; visit </font><u><font style="font-family: Arial,sans-serif; color: rgb(0, 0, 0);">https://www.youtube.com/watch?v=T-iJeVoa7w0</font></u></div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div>
          <div id="DSPFPageNumberArea"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Page 3 of 3</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
