Record 2007 third quarter results for ArcelorMittal

On November 14 2007 ArcelorMittal announced the results for the three and nine-month periods ended September 30, 2007.

Commenting, Lakshmi N. Mittal, President and CEO, ArcelorMittal, said that they were pleased to report another strong set of numbers for the third quarter, with EBITDA at $4.9 billion. He added that this had taken EBITDA for the first nine months of the year to $14.6 billion, 30% higher than in 2006. Mr Mittal stated that they were on track to deliver a record year for the Company.

He said that the company was making good progress with its three-dimensional growth strategy and explained that they had announced a number of important strategic transactions in the quarter in Argentina, Canada, China, Italy and Turkey to further strengthen their market-leading position. Mr Mittal also stated that they had identified 20mt of organic growth by 2012, taking advantage of strong growth dynamics in developing markets.

He concluded by saying that they were very pleased with the overall progress of the company. In a letter to the employees he congratulated each of them for the key role they had played in achieving these results.