Form 6-K ArcelorMittal For: Oct 07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

—————————

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

—————————

Dated October 7, 2015

 

Commission File Number: 001-35788

 

ARCELORMITTAL

(Translation of registrant’s name into English)

 

24-26, Boulevard d’Avranches

L-1160 Luxembourg

Grand Duchy of Luxembourg

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒            Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ☐                    No ☒

 

If “Yes” marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________

 

 

 

On October 7, 2015, ArcelorMittal issued the press release attached hereto as Exhibit 99.1 and hereby incorporated by reference into this report on Form 6-K.

 

Exhibit List

 

Exhibit No.	Description
Exhibit 99.1	Press release dated October 7, 2015, announcing that ArcelorMittal and IMETAL, an Algerian state-owned company, have reached an outline agreement for the restructuring of the shareholding of the companies ArcelorMittal Algeria, ArcelorMittal Pipes and Tubes Algeria and ArcelorMittal Tébessa.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Date: October 7, 2015

 

 

By: /s/ Henk Scheffer

Name:

Henk Scheffer

Title:

Company Secretary

Exhibit Index

 

Exhibit No.	Description
Exhibit 99.1	Press release dated October 7, 2015, announcing that ArcelorMittal and IMETAL, an Algerian state-owned company, have reached an outline agreement for the restructuring of the shareholding of the companies ArcelorMittal Algeria, ArcelorMittal Pipes and Tubes Algeria and ArcelorMittal Tébessa.

 

Joint press release of IMetal and ArcelorMittal

 

7 October 2015 - ArcelorMittal and IMETAL, an Algerian state-owned company, have reached an outline agreement for the restructuring of the shareholding of the companies ArcelorMittal Algeria, ArcelorMittal Pipes and Tubes Algeria and ArcelorMittal Tébessa.

 

The restructuring follows the strategy of the Algerian Government to ensure the promotion and development of the national steel industry and to promote self-sufficiency in steel. The restructuring is aligned with ArcelorMittal’s strategy of asset portfolio optimisation.

 

The restructuring plan will see ArcelorMittal transfer its minority shareholding in both ArcelorMittal Algeria and ArcelorMittal Tebessa as well as its majority participation in ArcelorMittal Pipes & Tubes Algeria, with the state of Algeria controlling the full shareholding of these entities. Furthermore, ArcelorMittal will continue its technical support for the successful implementation of El Hadjar Complex development plan.

 

The parties aim to finalise the agreements within the coming weeks. The agreement will reinforce the Annaba development plan and mining operations in Tebessa and will ensure their long term sustainability.

 

Commenting on the announcement, Davinder Chugh, member of ArcelorMittal’s Group Management Board, said: “We are pleased to have reached this agreement with the Algerian Government, with whom we have always enjoyed a strong relationship. The agreement will enable ArcelorMittal Algeria, ArcelorMittal Pipes and Tubes Algeria and ArcelorMittal Tebessa to play a long term role in Algeria’s steel and mining industries. We now look forward to supporting the Algerian Government in implementing a plan that is in the interests of both the company and the country.”

 

 “This agreement will allow the Algerian party to have total control of the three companies ArcelorMittal Algeria, ArcelorMittal Pipes and Tubes Algeria and ArcelorMittal Tébessa which will facilitate decision making and mobilisation in particular of financial resources to ensure the success of the revamping and the start-up of operations in good conditions.

 

This agreement will also help to stabilise the social climate at the three companies to improve their profitability and preserve jobs.” commented Abdessalam Bouchouareb, Minister of Industry and Mines, Algeria.

 

The two parties agree to continue their collaboration in order to ensure the success of the development plans of the three companies ArcelorMittal Algeria, ArcelorMittal Pipes and Tubes Algeria and ArcelorMittal Tébessa.

 

 

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Citi Opens 30-Day Upside Catalyst Watch Arcelor Mittal (MT)
• Man Group PLC : Form 8.3 - International Paper Company
• Technip Energies Selected by Viridor to perform FEED on the Runcorn Energy-from-Waste Carbon Capture Project in the United Kingdom