Statement Regarding Adoption Of New Italian Decree Law

Date : 09/04/2019 @ 7:00PM
Source : Dow Jones News
Stock : ArcelorMittal (MT)
Quote : 8.337  -0.358 (-4.12%) @ 4:40PM
ArcelorMittal share price Chart

Statement Regarding Adoption Of New Italian Decree Law

Arcelor Mittal (NYSE:MT)
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   4 September 2019, 19:30 CET 
   ArcelorMittal notes the publication today on the Italian Official 
Journal of a decree law adopted by the Italian Government. This decree 
law amends the so-called Crescita decree law which had removed legal 
protection pending the implementation of the environmental plan for the 
Taranto plant. Following its publication, the decree law comes into 
immediate force, although its permanence is subject to ratification by 
the Italian Parliament within 60 days. As a result of this development, 
ArcelorMittal Italia will continue operations beyond 6 September whilst 
continuing to monitor legal, regulatory and operational developments in 
relation to the Taranto plant closely in view of its continued 
   About ArcelorMittal 
   ArcelorMittal is the world's leading steel and mining company, with a 
presence in 60 countries and an industrial footprint in 18 countries. 
Guided by a philosophy to produce safe, sustainable steel, we are the 
leading supplier of quality steel in the major global steel markets 
including automotive, construction, household appliances and packaging, 
with world-class research and development and outstanding distribution 
   Through our core values of sustainability, quality and leadership, we 
operate responsibly with respect to the health, safety and wellbeing of 
our employees, contractors and the communities in which we operate. 
   For us, steel is the fabric of life, as it is at the heart of the modern 
world from railways to cars and washing machines. We are actively 
researching and producing steel-based technologies and solutions that 
make many of the products and components people use in their everyday 
lives more energy efficient. 
   We are one of the world's five largest producers of iron ore and 
metallurgical coal. With a geographically diversified portfolio of iron 
ore and coal assets, we are strategically positioned to serve our 
network of steel plants and the external global market. While our steel 
operations are important customers, our supply to the external market is 
increasing as we grow. 
   In 2018, ArcelorMittal had revenues of $76.0 billion and crude steel 
production of 92.5 million metric tonnes, while own iron ore production 
reached 58.5 million metric tonnes. 
   ArcelorMittal is listed on the stock exchanges of New York (MT), 
Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock 
exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). 
   For more information about ArcelorMittal please visit: 
Contact information ArcelorMittal 
 Investor Relations 
Europe                                            +44 20 7543 1156 
Americas                                           +1 312 899 3985 
Retail                                            +44 20 7543 1156 
SRI                                                +44 207543 1156 
Bonds/Credit                                       +33 171 921 026 
Contact information ArcelorMittal 
 Corporate Communications 
Phone:                                               +442076297988 
ArcelorMittal Corporate Communications 
Paul Weigh                                        +44 20 3214 2419 

(END) Dow Jones Newswires

September 04, 2019 13:45 ET (17:45 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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