Performance summary

2015 was a very difficult year for the steel and mining industries, and there is no doubt that these are challenging times. But we are confident that ArcelorMittal is taking all the right actions and has the right assets, the right strategy and the right balance sheet to deliver on the targets identified and cement our position as the world’s leading steel company.

Lakshmi N MittalChairman and CEO

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Action 2020

Our Action 2020 plan represents a strategic roadmap for each of our main business segments which seeks to deliver $3 billion of structural Ebitda improvements and annual free cash flow in excess of $2 billion by 2020.

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Sustainable development performance

The challenges of 2015 have made it even clearer to us that our sustainability outcomes are vital to ArcelorMittal’s long-term success. If we manage issues well, we can open up new commercial opportunities, be competitive, build trust, and pre-empt possible problems. 2015 was a mixed year for our sustainability performance but we made some real progress in some areas.

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Lost time injury frequency rate (steel and mining) - 0.81 (per million hours worked); 2015 - 0.81; 2014 - 0.85; 2013 - 0.85
Dust emissions - 0.66 (kg per tonne of steel); 2015 - 0.66; 2014 - 0.60; 2013 - 0.64
CO2 emissions (steel and mining) - 205 million tonnes; 2015 - 205; 2014 - 203; 2013 - 203
% reduction in co2 per tonne steel since 2007 - 4.5% (2020 target:8%)
CO2 emissions avoided through recycling of scrap and slag - 43 (million tonnes)
Livelihoods benefiting from our community investment programmes - 1.1(million)

2015 Highlights

January

ArcelorMittal Europe – Long Products wins an award from the German steel construction industry for the development of ‘CoSFB-Betondübel’, an innovative concrete dowel technology, part of the design of the floor beam system CoSFB (Composite Slim-Floor Beam). This technology is already being used in projects in Luxembourg and France.

February

Our Gijón plant in Spain secures a contract to supply 23,000 tonnes of heavy plate steel for the construction of an offshore wind farm in the Baltic Sea. The wind farm will help save nearly 600,000 tonnes of CO2 emissions a year and will power more than 350,000 households.

March

ArcelorMittal receives General Motors’ Supplier of the Year award for the second consecutive year at the automaker’s 23rd annual ceremony held in Detroit, USA.

April

We announce a $20 million investment over the next five years in our 12th research and development centre. The new centre in Tubarão, Brazil will focus on innovations for the automotive, energy, construction, machinery and white goods industries.

May

ArcelorMittal and the Steel Authority of India Limited, India’s leading steel company, sign a Memorandum of Understanding to set up a steel manufacturing facility as a joint venture in India, which will offer technologically advanced steel products to India’s rapidly growing automotive sector.

June

ArcelorMittal supplies 10,345 tonnes of steel for an ambitious project to construct a 57-storey skyscraper in a record-breaking 19 days in Changsha, China. The HISTAR® beams used are supplied by our long products plant in Differdange, Luxembourg.

July

ArcelorMittal, LanzaTech and Primetals Technologies announce a partnership to construct a breakthrough €87 million fuel production facility in Ghent, Belgium. It will be Europe’s first-ever commercial scale production facility to create ethanol from waste gases from steelmaking.

September

ArcelorMittal receives the Clinton Global Citizen Award for our effective response to the Ebola crisis in West Africa, particularly our foundation of the Ebola Private Sector Mobilisation Group.

October

The World Steel Association recognises our work in developing the 10 sustainable development outcomes with the 2015 Steelie award for excellence in sustainability.

November

ArcelorMittal Ostrava is the sole winner of the Czech Ministry of Industry and Trade’s Energy and Environmental Award for reducing its air emissions using state-of-the-art de-dusting technology in 13 projects across every part of the steelmaking process.

December

ArcelorMittal Kryvyi Rih wins the all-Ukrainian ecological competition ‘Environmental Quality and Safety’ for the eighth time, recognising its ongoing efforts to reduce the site’s environmental footprint.