Statement Regarding Adoption Of New Italian Decree Law
05 September 2019 - 4:00AM
Dow Jones News
TIDMMT
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
viability.
ENDS
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
networks.
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:
https://www.globenewswire.com/Tracker?data=lnQfwZx-OG0N5FMUMCt76rC25Y_5CXVQJiWaPWSQOrfq2gSOo4mYFe24h-pfVm6NUvG-U5o9OnZXWNpY2h6wS1f3IMYxQH2TwhQB6mvr_LaYwoW8E6_YZ6oHq32MW-CP
http://corporate.arcelormittal.com/
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
E-mail: press@arcelormittal.com
Phone: +442076297988
ArcelorMittal Corporate Communications
Paul Weigh +44 20 3214 2419
(END) Dow Jones Newswires
September 04, 2019 13:45 ET (17:45 GMT)
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