A unique profile,a clear strategy
Message from Lakshmi Mittal,Chairman and CEO
“A new era has dawned for the worldsteel industry. The consolidationprocess of recent years, which was ledin large part by ArcelorMittal and itspredecessor companies, has transformedthe steelmaking landscape – creatinga more stable and sustainable marketenvironment. We are proud to haveplayed our role in this process.We have long believed that size and scaleare vital, both to compete in a globalmarketplace and to manage supply anddemand through the economic cycle.A strong, sustainable industry benefits allits stakeholders – employees, customersand investors alike.Today, ArcelorMittal exhibits not just sizeand scale, but resilience, strength andgrowth. Above all, we have a unique profileand a clear strategy.Our strategy is to build a sustainable andstable business, creating value through thecycle, through scale and diversification.At the same time, we want to set thestandard in areas such as health and safetyand career development. We want toengage positively with the communitiesin which we operate and demonstrateour commitment to good environmentalpractise. Our position as the industry leaderdemands no less.”Sincerely,– We are the only truly global steelproducer, with a leadership positionon four continents. A quarter of ourproduction comes from plants thatfigure among the lowest-cost producersin the world. Together with a high degreeof exposure to stable markets and long-term contracts, this leaves us well placedto deliver sustained profitability and highcash-flow generation.– We are the only producer offering anddeveloping the full range of steel productsand services. Value added and specialityproducts account for more than 60% of our shipments. The breadth of our productrange and the diversity of our customerbase help insulate us from shiftingdemand patterns.– We are not just a steel producer. Atone end of the value chain, we are anintegrated metals and mining business.At the other, we operate a significantservice and distribution business thattransforms finished products anddelivers a bespoke service to customers.Wherever opportunities arise, we areable to capture them.
“Today, ArcelorMittal exhibitsnot just size and scale, but resilience,strength and growth.”