UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
—————————
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
—————————
Dated May 22, 2015
Commission File Number: 001-35788
ARCELORMITTAL
(Translation of registrant’s name into
English)
24-26, Boulevard d’Avranches
L-1160 Luxembourg
Grand Duchy of Luxembourg
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F
[X] Form 40-F [_]
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): _____
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): _____
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.
Yes [_] No
[X]
If “Yes” marked, indicate below
the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________
On May 22, 2015, ArcelorMittal
issued the press release attached hereto as Exhibit 99.1 hereby incorporated by reference into this report on Form 6-K.
Exhibit List
Exhibit No. |
Description |
Exhibit 99.1
|
Press release dated May 22, 2015 reporting that ArcelorMittal and
SAIL signed a Memorandum of Understanding to set up an automotive steel manufacturing facility under a Joint Venture arrangement
in India.
|
SIGNATURES
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.
Date: May 22, 2015
By: /s/
Henk Scheffer
Exhibit Index
Exhibit No. |
Description |
Exhibit 99.1
|
Press release dated May 22, 2015 reporting that ArcelorMittal and
SAIL signed a Memorandum of Understanding to set up an automotive steel manufacturing facility under a Joint Venture arrangement
in India.
|
ArcelorMittal and SAIL sign MoU on
automotive steel joint venture in India
22 May 2015 - ArcelorMittal, the
world’s leading steel and mining company, and the Steel Authority of India Limited (‘SAIL’), India’s leading
steel company, today, signed a Memorandum of Understanding (‘MoU’) to set up an automotive steel manufacturing facility
under a Joint Venture (‘JV’) arrangement in India.
The MoU was signed in London today by Mr.
Lakshmi Mittal, Chairman and CEO of ArcelorMittal, and Mr. C.S. Verma, Chairman of SAIL. Mr. Rakesh Singh, Secretary to the Government
of India, Ministry of Steel and Mr. Aditya Mittal, ArcelorMittal CFO and CEO ArcelorMittal Europe, were also present.
The MoU is the first step of a process
to establish a JV between the two companies. The proposed JV will construct a state-of-the-art cold rolling mill and other downstream
finishing facilities in India that will offer technologically advanced steel products to India’s rapidly growing automotive
sector. India is forecast to become the world’s fourth largest automobile manufacturing nation by 2020, growing from approximately
3.5 million units today to over 7 million units1. In response to the level of demand, and supported by the Indian Government’s
‘Make In India’ programme, which has been designed to transform India into a global manufacturing hub, automotive manufacturers
have been establishing an increased presence in the country.
Commenting on the announcement, Mr. Rakesh
Singh, Steel Secretary to the Government of India, said: “Increasing the availability of indigenously produced automotive
steel would reduce India’s reliance on imports and provide the Indian steel industry and the automotive industry with a sustainable
competitive advantage. India is expected to grow as a hub for automobile export manufacturing facilities to cater to the international
market. This proposed collaboration between ArcelorMittal and SAIL is a positive and welcome step towards fulfilling the objectives
of the ‘Make in India’ campaign launched by Hon’ble Prime Minister, Narendra Modi.”
Mr. Mittal, Chairman and CEO, ArcelorMittal,
said: “We have been in discussions with SAIL for some time and today’s signing signals our intention to further advance
our collaboration. Bringing together our leading automotive technological capabilities with SAIL’s production scale in India,
in a similar manner to ArcelorMittal’s partnership with Hunan Valin on our VAMA joint venture in China, is an exciting and
powerful combination. The automotive sector is a highly strategic and important market for ArcelorMittal; establishing an automotive
focussed production presence in India, one of the world’s fastest growing automotive markets, is a natural progression in
executing our global automotive strategy.”
Mr. C.S. Verma, Chairman, SAIL, added:
“SAIL is on the verge of completing a comprehensive modernisation and expansion program to increase its hot metal capacity
from 14 million tons per annum
(MTPA) to 23.5 MTPA, with a
quantum jump in production of value added steels. Furthermore, we have drawn up a Vision 2025 plan to further increase capacity
to 50 MTPA. Product enrichment is an integral part of this plan and the MoU with ArcelorMittal will pave the way for a new chapter
in the indigenous production of high-quality automotive steel in India. It will also aid a broader effort by SAIL to help fulfil
the high-quality steel requirements of the rapidly growing infrastructure and manufacturing sectors in India.”
The combination of significant demand growth
and limitations in India’s existing domestic automotive steel production capabilities provides a compelling opportunity for
both ArcelorMittal and SAIL. In the coming months, a working group with representatives from both companies will work on evaluating
a structure for the proposed JV and carry out feasibility studies as part of a comprehensive due diligence process.
ArcelorMittal is the world’s leading
steel supplier to the global automotive sector, with a market share of approximately 17 per cent. In 2014, the company shipped
over 13 million tonnes of steel to automotive customers globally, resulting in revenues in excess of $12 billion. The company has
a proven track record of delivering innovative solutions to global automotive manufacturers, with six of its 12 research and development
laboratories across the globe dedicated to developing new steels for auto manufacturers, focusing on: optimising the weight and
cost of vehicles; helping auto manufacturers to meet stretching carbon emission targets; and ensuring high standards of safety.
Recent innovations include the group’s S-in-motion® range of steel solutions, applying advanced high-strength steels
that can collectively reduce a vehicle’s weight by up to 23 per cent and reduce carbon emissions by 14 per cent during a
vehicle’s use phase. ArcelorMittal’s global footprint for automotive steels was recently expanded through the acquisition
of AM/NS Calvert in 2014, a state-of-the-art finishing facility located in Southern USA that is servicing the growing NAFTA automotive
market, and the opening of VAMA, a joint venture with Hunan Valin that established an inaugural production presence in China. VAMA
produces high-strength automotive steel in China, the world’s largest and fastest growing automotive market.
1 Source: LMC Automotive Limited
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