ArcelorMittal at the 41st IISI Annual Conference in Berlin

Mr Mittal, Gonzalo Urquijo and Michel Wurth attended this year’s Annual Conference of the International Iron and Steel Institute (IISI), which took place in Berlin from October 7 to 10.

Much press attention was given to the statements of Mr Mittal, President and CEO, and GMB members Gonzalo Urquijo and Michel Wurth. One of their main messages was the internal growth plan target to increase shipments by more than 20% from 2006 to 201. The three-dimensional growth strategy which refers to mining, distribution and product mix was also presented.

An update was also given about the most recent milestones of the successful integration: of the $1.6 billion synergies projected in September 2006, $973 had already been realised at the end of the second quarter of 2007. Approximately $1.3 billion are expected to be captured by the end of the third quarter 2007.

The motto of the IISI Conference was “meeting the challenge”. In line with this, the GMB Members also announced ArcelorMittal’s intention to assume responsibility as a forerunner in the field of climate change.

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