ArcelorMittal reconfirms its commitment to France by proposing the creation of 124 jobs as well as an additional €30 million investment at Gandrange and other initiatives.

ArcelorMittal announces a range of new investments at its Gandrange site in the Lorraine region of France, and a number of other initiatives aimed at reinforcing its commitment to France. Following a meeting held with the Workers Council on Friday 4th April, ArcelorMittal is pursuing the information and consultation process with the unions regarding the specialization of its Gandrange site as a rolling mill in order to secure a sustainable and viable future for the operation, which has been consistently loss-making despite continuous investment. ArcelorMittal has guaranteed a job for every employee affected by the project at the Group's operations, for instance, in nearby Florange or Luxembourg.

In addition, ArcelorMittal also announced that it intends to develop a number of downstream facilities on the site to complement its rolling mill activities and ensure the sustainability of its operations in the region. These investments, which will require a total investment of €30 million and will create 124 new FTE, are as follows:

1) The creation of a Service Centre in Gandrange for the construction Industry.

2) The development of a Distribution Processing centre for Beams, involving two new processing lines.

3) The development of a Solar Panels Project, to develop solar technologies.

4) The building of a new R&D facility for Wire Solutions and news release.

5) Investment in the existing rolling mill.

Mittal is also considering setting up a new Technical Education Centre for the Lorraine region. Over the next ten years, approximately one third of its industrial workforce in France will retire. The existing system is unlikely to deliver enough qualified people to fill these roles. The Technical Education Centre will require a €5 million initial investment, to provide the facilities and technical equipment necessary for the education of up to 120 students. Training would last for two years and would include part time employment with ArcelorMittal. Upon graduation, students would be employed by either ArcelorMittal or its subcontractors.

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