ArcelorMittal Reports Second Quarter 2012 And Half Year 2012 Results

In 2011, ArcelorMittal had revenues of $94 billion and crude steel production of 91.9 million tonnes, representing approximately 6 percent of world steel output.

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 visit: www.arcelormittal.com.

ARCELORMITTAL SECOND QUARTER 2012 AND HALF YEAR 2012 RESULTS

ArcelorMittal, the world’s leading steel company, today announces results for the three month and six month periods ended June 30, 2012.

Corporate responsibility and safety performance

Health and safety - Own personnel and contractors lost time injury frequency rate ²

Health and safety performance, based on own personnel figures and contractors lost time injury frequency rate, improved to 0.8x in second quarter of 2012 (“2Q 2012”) as compared to 1.1x for the first quarter of 2012 (“1Q 2012”) and 1.5x for the second quarter of 2011 (“2Q 2011”), with significant improvements primarily in the Mining and Distribution Solutions segments. The performance of all other segments remained relatively constant quarter on quarter.

Health and safety performance, improved to 1.0x in first six months of 2012 (“1H 2012”) as compared to 1.4x for the first six months of 2011 (“1H 2011”), with significant improvements across all segments, especially in the Flat Carbon Americas, Mining and Distribution Solutions segments.

Despite this encouraging performance in lost time injury frequency rate, there is still more work to be done. In particular we have to focus on improving the safety performance of the contractors who work at our sites.

Own personnel and contractors - Frequency Rate
Lost time injury frequency rate		2Q 12		1Q 12		2Q 11		1H 12		1H 11
Total Mines		0.5		1.0		1.6		0.8		1.3
Lost time injury frequency rate		2Q 12		1Q 12		2Q 11		1H 12		1H 11
Flat Carbon Americas		1.1		0.9		2.0		1.1		2.0
Flat Carbon Europe		1.2		1.5		1.5		1.4		1.7
Long Carbon Americas and Europe		0.9		1.0		1.6		0.9		1.4
Asia Africa and CIS		0.3		0.6		0.5		0.5		0.6
Distribution Solutions		1.2		2.1		3.2		1.7		3.3
Total Steel		0.9		1.1		1.5		1.0		1.5
Lost time injury frequency rate		2Q 12		1Q 12		2Q 11		1H 12		1H 11
Total (Steel and Mines)		0.8		1.1		1.5		1.0		1.4

Key corporate responsibility highlights for 2Q 2012

• ArcelorMittal published its 2011 corporate responsibility report titled “Responsible business, sustainable growth”, in May 2012. The report is aligned with the Global Reporting Initiative G3 B+ guidelines as well as the United Nations Global Compact principles.
• ArcelorMittal has been ranked 4th (out of 105 listed companies surveyed) by Transparency International for transparency in corporate reporting. The independent study assesses the disclosure programmes listed companies have in place to fight corruption and the extent to which earnings and taxes in specific countries are made public.
• ArcelorMittal has launched iCARe™, a portfolio of electrical steel solutions for electric vehicle market. This product range will help carmakers deliver lower CO ₂ emissions and improve fuel consumption for hybrid vehicles while contributing to increased power density from electric motors.

Analysis of results for the six months ended June 30, 2012 versus results for the six months ended June 30, 2011

ArcelorMittal’s net income for 1H 2012 was $1.0 billion, or $0.63 per share, as compared to net income for 1H 2011 of $2.6 billion, or $1.68 per share.

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