ArcelorMittal Asturias J. Manuel Arias, CEO ArcelorMittal Asturias March 2009
Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about ArcelorMittal and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements may be identified by the words believe, expect, anticipate, target or similar expressions. Although ArcelorMittal s management believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of ArcelorMittal s securities are cautioned that forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond the control of ArcelorMittal, that could cause actual results and developments to differ materially and adversely from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the filings with the Luxembourg Stock Market Authority for the Financial Markets (Commission de Surveillance du Secteur Financier) and the United States Securities and Exchange Commission (the SEC ) made or to be made by ArcelorMittal, including ArcelorMittal s Annual Report on Form 20-F for the year ended December 31, 2008 filed with the SEC. ArcelorMittal undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise. 1
Summary ArcelorMittal España ArcelorMittal Asturias Overview Safety Strengths Situation in Spain How is ArcelorMittal Asturias reacting to the crisis Gijón Factory - production facilities Avilés Factory - production facilities Shipments Environment / R&D Investments Conclusion Q&A 2
ArcelorMittal España 3
Creation of the world s number one steel company 2006 Creation of the world s number one steel group 2001 Aceralia - Arbed Usinor merger 1997 1994 Creation of ACERALIA CORPORACIÓN SIDERÚRGICA and strategic alliance with the ARBED Group. Integration of ARISTRAIN in Spain. Majority shareholding in Belgo-Mineira and acquisition of UCIN Incorporation of CSI Corporación Siderúrgica, through the valuation of the profitable assets of Corporación de la Siderurgia Integral. Business started in 1995 1991 Incorporation of CORPORACIÓN DE LA SIDERURGIA INTEGRAL 1902 Creation of AHV 1973 ENSIDESA takes over UNINSA 1966 Creation of UNINSA 1882 Creation of AA.HH. Fábrica de Hierro y Acero Bilbao Fábrica La Vizcaya Fábrica La Iberia 1950 Creation of ENSIDESA 1848 - Creation of Sta. Ana de Bolueta 1848 - Creation of Ntra. Sra. del Carmen 1850 - Creation of Fábrica de Merced 1850 - Creation of Fábrica de Mieres 1857 - Creation of Fábrica de La Felguera (1880) - Creation 4 of Fábrica de Moreda
Facilities of ArcelorMittal España Geographic location of main production sites & 2008 production for sale Production data in ktons AVILÉS - Hot rolled coils: 1,966 - Galvanised: 456 - Tinplate: 288 - Painted strip: 96 SESTAO (ACB) - Hot rolled coils: 1,374 ETXEBARRI - Tinplate: 305 - Galvanised: 83 OLABERRÍA - Sections: 737 BERRIOPLANO - Panels: 8 - Open sections: 10 GIJÓN - Wire rod: 409 - Rail: 287 - Heavy plate: 610 LEGASA - Painted strip: 85 LANGREO (ASPERSA) - Sandwich panels: 5 - Profiled sheet: 4 BERGARA -Sections: 388 -Merchant bars: 15 ZARAGOZA -Merchant bars: 248 -Rebars: 84 LESAKA - Hot rolled: 117 - Cold rolled: 79 - Galvanised: 115 SAGUNTO - Cold rolled: 657 - Electrogalvanised: 180 - Galvanised: 512 Sites of 3 sectors: FCE, LCE and Steel Solutions and Services Crude steel production: 8,158 kt (49,9% BOF/ 50,1% EAF) ArcelorMittal s output accounts for 43,7% of the Spanish crude steel production Workforce: 12,413 employees MADRID - Sections: 449 TOLEDO - Sandwich panels: 5 ZUMÁRRAGA - Wire rod: 217 - Special bars: 33 - Rebars: 238 FLAT PRODUCTS LONG PRODUCTS Steel Solutions and Services Not included: 34 distribution centres 5
ArcelorMittal Asturias 6
ArcelorMittal Asturias: location Avilés Gijón Aviles ASTURIAS 7
ArcelorMittal Asturias management Management Board J. Manuel Arias CEO Vicente Suárez CFO Controlling Juan Carlos Menéndez COO Primary Emmanuel Haton COO Downstream José Luis Santos COO Long Products Jesús Suárez Human Resources Aurelio Gutiérrez Central Technical Serv. Quality responsibles: Ángel Fco. SUÁREZ-VALDÉS (Primary) Luis F. ESCODA (Long Products) Javier Alfredo SÁNCHEZ (Finishing) Client service responsible: Francisco J. ÁLVAREZ-LINERA R & D responsible: Nicolás DE ABAJO 8
ArcelorMittal in Asturias Avilés Langreo Gijón Gijón Factory Main facilities: Coking Plant: 957,000 t Sinter Plants: 6,000,000 t Blast Furnaces: 4.7 Mt LDG Steel Plant: 1.1 Mt Plate Mill: 600,000 t Rail Mill: 380,000 t Wire Rod Mill: 600,000 t Products: heavy plate, rail and wire rod Avilés Factory Main facilities: Coking Plant: 1.4 Mt LDA Steel Plant: 4.2 Mt Hot Strip Mill: 3.6 Mt Galvanising Lines: 770,000 t Tinplate Lines: 400,000 t Organic Coating Line: 250,000 t Facilities for flat carbon steel (hot rolled coils) and coated products (galvanised sheet, tinplate, organic coated sheet) Aspersa (Langreo) Sandwich panels: 1,000,000 m 2 /year Profiled sheet: 5.500 tpy 9
ArcelorMittal Asturias: production flow Scrap Coal (storage) SLABS Hot Strip Mill Pickling HOT ROLLED COILS PICKLED COILS Coke ovens Sintering Iron ore (storage) Scrap Converter Blast Furnaces Hot metal Torpedo ladle Desulphurisation Converter Continuous casting Continuous casting Tandem Mill Tandem Mill Continuous annealing Batch annealing SLABS BILLETS BLOOMS Temper Mills Tinplate lines Galvanising lines Organic coating line Plate Mill Wire Rod Mill Rail Mill TINPLATE GALVANISED ORGANIC COATED HEAVY PLATE WIRE ROD RAIL 10 Flat products Long products
Safety performance evolution Frequency rate = 25 Own workforce Subcontractors No. of Lost time accidents x 10 6 Total hours worked 20 15 In ArcelorMittal there cannot be two levels in safety. 10 5 0 2002 2003 2004 2005 2006 2007 2008 Frequency rate 2002 2003 2004 2005 2006 2007 2008 Own workforce 5.80 3.52 2.36 1.59 1.68 1.90 1.53 Subcontractors 19.80 21.7 10.88 6.20 4.51 1.93 1.38 Total 25.60 25.22 13.24 7.79 6.19 3.83 2.91 11
ArcelorMittal Asturias: Strengths Multi-Product Plant producing Hot Rolled Coils, Tinplate, Galvanised sheet, Organic Coated sheet, Heavy Plate, Rail and Wire Rod. Fully integrated plant. Coke self-sufficient plant. Strategic location with port services close to the factories. Raw materials are unloaded at the port of Gijón, which can receive vessels of up to 250kt. Iron making facilities are linked to the port by belt conveyors. Its industrial configuration allows capacity to be increased across the complete product range. Site experienced in shared services and with capacity to extend scope to other activities and companies. Implementation of Arco Plan, a top management program, resulted in substantial savings. Basis for further improvements. 12
Situation in Spain Spain experiences a deep downturn with: Residential real estate activity plummets Lack of confidence leading to low household consumption A strong impact on automotive market In this economical environment, steel industry is more impacted in Spain than in other countries in WE. 15% 10% 5% 0% Spain - Steel using sector activity - growth year on year -5% -10% -15% -8,7% -14,3% 1971 1975 1979 1983 1987 1991 1995 1999 2003 2007 13
Spain Economic outlook Consumer confidence at its lowest level since 1990 and lower EU27 level 10 Spain - Consumer confidence (balance of opinion) 0 Spain EU27-10 -20-30 Latest value: Dec-2008-40 -50 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 14
How is ArcelorMittal Asturias reacting to the crisis? ArcelorMIttal Asturias, being a multi-product site, is being less affected than other sites of the Group by the fall in demand of the automotive and construction sectors. The Asturian sites are currently being operated at 76% of their capacity thanks to the strength of some of its products: rail, heavy plate and tinplate (in 2008 rail and tinplate mills reached their annual production records) ArcelorMittal Asturias needs to respond to the current circumstances in a dynamic and flexible way. Adaptability is key in order to pull out of this difficult period in a strong position. Short term measures: Reduce working capital. Minimize inventories (raw materials, slabs, working progress and final products) Zero increase in CAPEX and OPEX. Investments are limited to safety, legal compliance and environmental issues. Adaptation of facility running to the load: in December, one of the two blast furnaces in Asturias was stopped. If the situation remains unchanged, the furnace will have to be stopped again for a few months in Q3. In Finishing facilities, one Hot Dip Galvanizing Line and one Organic Coating Line (both in Avilés) are currently stopped. Blast furnaces are being operated in an all-coke mode and small diameter tuyeres are being used. Metallic charge is adapted as a function of the scrap or hot metal requirements. Client service improvement. Maintenance of fixed costs in terms of /t and reduction of SG&A expenditure. Adaptation of internal and external headcount to workload. Flexibility on working time / advanced holidays / time counters. Reassignment of own employees to other functions. No salary increase in 2009. Align variable pay KPI s and targets to current priorities and workload. 15
How is ArcelorMittal Asturias reacting to the crisis? Mid term measures: We enter into a cyclic period which requires a flexible production system. We should be able to increase or decrease production if needed. Local Continuous improvement plans must be accelerated. That means: Adapting the permanent workforce not to 100% of capacity but to an 80% capacity baseline. Building flexible solutions to meet cyclic demand (e.g., hot-stoppage of four of the eight coke-oven batteries in Avilés). Pursuing and rapidly capturing permanent productivity improvements. Twinning project: Galati site (Romania): Blast Furnaces and Heavy Plate Mill. 16
Gijón Factory: main facilities Heavy Plate Mill Rail Mill Wire Rod Mill Blast Furnaces Main entrance Steel Plant Coking Plant 17
Gijón Factory: layout 18
Raw materials (I) EBHISA (European Bulk Handling Installation - Gijón) Directly linked by conveyor belts to ArcelorMittal Asturias ore and coal yards. Main technical data: Three 50 t unloaders (maximum daily unloading capacity: 100,000 t) Water depth: 21 m Capable of accepting vessels up to 250,000 t Total bulk throughput in 2008: 14,31 Mt (154 vessels) Total volume of raw materials unloaded for ArcelorMittal Asturias (2008): 10,49 Mt (112 vessels) Coking coal: PCI coal: Total coal: Iron ore lumps (6%) Iron ore fines (40%) Pellets (15%) Iron ore fines: Iron ore lumps: Pellets: Total ore: 3,20 Mt 0,94 Mt 4.14 Mt Coking coal (30%) PCI coal (9%) 4,16 Mt 0,63 Mt 1,56 Mt 6,35 Mt 19
Gijón: Raw material yards Aboño coal yard Supplies coking coal to the Gijón and Avilés Coking Plants and PCI coal to the Blast Furnaces Linked by belt conveyors to the Gijón Factory and by rail to the Avilés Coking Plant Unblended coal storage yard: 600,000 t Blending yard: 200,000 t Annual processing capacity: 7.6 Mt Ore yard Storage capacity: 700,000 t Area: 63.000 m 2 Four homogenisation beds: 80,000 t (beds 1 and 2) and 90,000 t (beds 3 and 4) Yard incoming flow rate: 2,500 t/h 35 km belt conveyor network 20
Gijón: Sinter and Coking Plants Sinter Plants Two plants where iron ore fines are heated and agglomerated for subsequent use in the Blast Furnaces Sinter Plant A : 2.65 Mtpy Sinter Plant B : 3.35 Mtpy Coking Plant - Gijón 90 ovens divided into two batteries, with an annual production capacity of 957,000 t of blast furnace coke Production per oven: 22.5 t of dry coke Coking time: 17 hours 21
Gijón: Blast Furnaces Blast Furnaces These are the only two blast furnaces in operation in Spain The process consists in reducing and smelting the iron ore blend to transform it into hot metal (liquid iron) Combined production capacity: 4.7 Mtpy of hot metal Height: 90 m Hearth diameter: 11.3 and 11.7 m Torpedo ladle capacity: 259 t 22
Gijón: LDG Steel Plant LDG Steel Plant : Annual production capacity: 1.1 million tonnes (liquid steel) Two BOF converters (LD process), 117 t/heat Tap-to-tap time: 48 minutes (approx.) Three secondary metallurgy units (2 Ladle Furnaces & Dehydrogenation-RH) Bloom Continuous Casting: Annual production capacity: 850,000 t (280x400 mm); 690,000 t (280x330 mm) Curved mould with 3 strands. Bloom cross-sections: 280x330, 280x400 mm Length: 4.5 8.0 m Billet Continuous Casting: Annual production capacity: 1.1 million tonnes Curved mould with 6 strands Billet formats: 150x150 mm Length: 9-15 m 23
Gijón: Plate Mill Plate Mill: Annual production capacity: 600,000 t ArcelorMittal is the only heavy plate producer in Spain Size range: plates in thicknesses from 5 to 150 mm; widths from 1,500 to 3,300 mm and lengths from 4 to 15 m Sales by geographical markets (2008) Sales by sectors in the Spanish market (2008) 16% Spain Distributors 31% End users 5% Windmills 42% International (mainly EU countries) 84% Shipbuilding 22% 24
Gijón: Rail Mill Rail Mill: Annual production capacity: 380,000 t Maximum rail length: 90 m Only Spanish producer of high-speed rail, a product subject to the most stringent quality and reliability requirements Product range: From 40 to 73 kg/m Unit rails ranging from 12 to 90 m Long welded rails up to 288 m Any new type of rail can be produced to order for a minimum volume of 6,000 t Sales by geographical markets (2008) Breakdown of sales by type of product (2008) 26% 45% Microalloyed rail 15% Spain Other EU countries 29% RoW 85% High-speed rail 25
Gijón: Wire Rod Mill Wire Rod Mill: Annual production capacity: 600,000 t 32 rolling stands High quality wire rod for the most demanding applications (steelcord, cold heading applications, springs for shock absorbers, etc.) Size range: wire rod in diameters from 5.5 to 24 mm 20% Main markets (2008) 5% 2% 1% Steelcord (tyres) 27% Prestressed products High Carbon Low Carbon CHQ 45% Welding rods 26
Avilés Factory: main facilities Coking Plant Organic Coating Line Cold Rolling Facilities Galvanising and Tinplate Lines Hot Strip Mill Steel Plant 27
Avilés Factory: layout 28
Avilés: Coking Plant Coking plant Avilés: 240 ovens with a production of 1.4 Mtpy of coke Coking time ranges from 15 to 16 hours at temperatures reaching over 1,200 ºC The plant has a coal yard with a storage capacity of up to 25,000 t 2003-2009 environmental investment plan (over EUR 53 million): Replacement of coke oven doors and frames Fume collection system on coke discharge side Replacement of coal charge cars Dust collection system in railcar loading area New filters in quenching towers Optimisation of biological water treatment plant operation Closure of main drain nº 7 New soda tank 29
Avilés: LDA Steel Plant LDA Steel Plant : Annual production capacity: 4.2 million tonnes Two 270 m 3 BOF converters (LD process), operated alternately Tap-to-tap time: 30 minutes (approx.) Three secondary metallurgy units (RH/OB, Injection & CAS) Two double-strand continuous casters producing slabs to feed the Hot Strip Mill (Avilés) and the Plate Mill (Gijón) Slab size range: Max. slab weight: 30 t Max. dimensions: 1,600 mm (width) x 11,700 mm (length) Thicknesses: 235 / 280 mm LDA - Slab consumption breakdown (2008) 19% HSM Plate Mill 81% Steel plant Hot Strip Mill Pickling Tandem Galvanising Annealing Org. coating Temper 30 Tinning
Avilés: HSM Hot Strip Mill (HSM): Maximum annual capacity: 3.6 Mt Main equipment: Three reheating furnaces One single-stand 4-high reversing roughing mill Seven 4-high stands finishing mill Two coilers Max. coil weight: 32 t Strip thickness ranges from 1.5 to 20 mm Breakdown of HR coil shipments by destinations (2008) 11% 20% 21% 26% 22% Avilés Tandem 1 Avilés Tandem 2 (Tinplate) Sagunto ArcelorMittal Bass-Indre Other customers Steel plant Hot Strip Mill Pickling Tandem Galvanising Annealing Asturias 47% Interworks 33 % Other customers 20 % Org. coating Temper 31 Tinning
Avilés: Cold Rolling Pickling Line: Annual production capacity: 1.2 Mt Process speed: 250 m/min Tandem Cold Rolling Mill 1: Annual production capacity: 1.4 Mt Five 4-high stands Minimum strip thickness: 0.30 mm Maximum process speed: 1,200 m/min Auxiliary lines: Temper mill Inspection and repair line with laser welder Steel plant Hot Strip Mill Pickling Tandem 2% 47% Pickled coil shipments (2008) 20% Automotive 27% 51% Fullhard coil shipments (2008) Galvanising Annealing 27% Org. coating Temper Steel Distributors 51% Processing Industry 2% (metal transformation, stamping, welding, etc.) Interworks 20% (processing inside ArcelorMittal group) 4% Processing Industry 49% (metal transformation, stamping, welding, etc.) Interworks 47% 49% (processing inside ArcelorMittal group) Steel Distributors Tinning 32
Avilés: Galvanising Lines Galvanising Lines 1 and 2 Annual capacity: 770,000 t (250,000 t (L1) + 520,000 t (L2)) Continuous hot-dip galvanising process Products for general industry (L1) and automotive (L2), including exposed part grade Maximum coil weight: 24 t (L1) and 35 t (L2) Thicknesses ranging from 0.35 to 3 mm; widths from 600 to 1,600 mm; lengths from 700 to 6,000 m (subject to coil diameter) Main steel grades: steel for cold forming, structural elements, high yieldstrength steel, rephosphorised steel, steel for drawing applications, Dualphase and Bake-Hardening steels Galvanised coils shipments (2008) 3% Automotive (car makers) 44% 23% Automotive (suppliers) 19% 44% Construction Industry 11% (paneling, roofing, etc.) Metal Distributors 23% 11% 19% Steel plant Hot Strip Mill Pickling Tandem Processing Industry 3% (metal transformation, stamping, welding, etc.) Galvanising Annealing Org. coating Temper Tinning 33
Avilés: Organic Coating Line Organic Coating Line Annual production capacity: 250,000 tonnes Double-side organic coating in thicknesses ranging from 5 to 200 microns Substrate: cold-rolled or galvanised steel strip in widths ranging from 600 to 1,600 mm and thicknesses from 0.2 to 1.25 mm Max. process speed: 130 m/min Organic coated strip for household appliances, construction (indoor and outdoor applications) and general industry 2% Organic coated coils shipments (2008) 13% Construction Industry 85% (paneling, roofing, etc.) Metal Distributors 13% Steel plant Hot Strip Mill Pickling Tandem 85% Processing Industry 2% (metal transformation, stamping, welding, etc.) Galvanising Annealing Org. coating Temper 34 Tinning
Avilés: Packaging facilities The Avilés factory includes a number of facilities specialised in the production of steel for packaging (tinplate): Tandem Mill 2: Annual capacity: 600,000 t Minimum thickness: 0.17 mm Batch annealing furnaces/continuous annealing: Batch annealing furnaces capacity: 320,000 tpy Continuous annealing line capacity 300,000 tpy Temper Mills 2 and 3: Maximum annual production capacity (both mills) 388,000 t Skin-pass mills with two 4-high stands (discontinuous process) Minimum thickness: 0.14 mm Tinning lines 1 and 2 Annual production capacity: 400.000 t (150,000 t + 250,000 t) Electrolytic tinning process Single reduction (SR), double reduction (DR) and DWI tinplate (for beverage cans) Thickness range: 0.14 to 0.49 mm 27% Tinplate shipments (2008) DWI Non DWI 73% Steel plant Hot Strip Mill Pickling Tandem Galvanising Annealing Org. coating Temper 35 Tinning
Shipments by products 2008 2007 543 16% Total: 4069 t 2.025 62% 620 15% Total: 4112 t 2.636 64% 481 15% 244 7% 585 14% 271 7% Flat Tinplate Plate Long Figures in Mt 36
Environment Integrated Environmental Authorisation On May 2, 2008, the Environmental Management Service of the Regional Ministry of the Environment and Rural Development, notified its Decision granting ArcelorMittal Asturias the Integrated Environmental Authorisation, Dossier no. AAI-022/05. This Decision was published in the Official Gazette of the Principality of Asturias (B.O.P.A.) on June 17, 2008. Environmental Management Systems (EMSs) In its Asturian facilities, ArcelorMittal has implemented four ISO14000-compliant Environmental Management Systems, with their corresponding Monitoring Committees. CO2 Compliance with the Kyoto Commitment Throughout the period, CO2 emissions have been below the levels of the CO2 emission allowances granted under the National Allocation Plan Recycling and waste-to-value solutions The efficiency rate attained in waste reutilisation is currently > 90% Waste treatments are selected according to the following order of preference: Direct internal recycling Internal waste-to-value processing Internal recycling with prior external waste-to-value treatment External recycling, with or without intermediate waste-to-value treatment Ongoing research aimed at developing new recycling and waste-to-value solutions 37
Environment Investments A significant effort in terms of investment has been made over the last years in all the facilities and focussed on all environmental vectors (air, water, waste, soil, etc.) Environmental investments over the 2005-2007 period amounted to 90 M 18% 10% 2% Both Factories 70% Air Water 24% Avilés Factory 6% 2% Waste/Byprod. Others 11% Gijón Factory 15% 2% 68% 72% Air Waste/By-prod. Water Others Air Waste/Byprod. Water Others 38
Enviroment Gesma: environmental monitoring software tool ArcelorMittal s Continuous Improvement approach, coupled with the growing concern of all stakeholders regarding the preservation of the environment, led to the development of the GESMA Project. The Environmental Management software GESMA, currently being developed, is primarily aimed at: Ensuring permanent awareness of the environmental conditions of the facilities Improving statistical treatment of the information received/generated Providing warning mechanisms relating to the environmental conditions based on continuously monitored parameters (sms or email warnings) Automatic generation of reports meeting the monitoring requirements defined by the Public Authorities. Follow-up of the most significant environmental management KPIs for subsequent analysis by ArcelorMittal Asturias EMS Committees Improved operational control of the environmental variables of existing water treatment plants and future connections to the Industrial Main Sewer GESMA is a dynamic software tool, i.e. it not only provides the means to efficiently manage the environmental data but can also be continuously enhanced and expanded in line with the evolution of investments, new requirements or new needs identified (CO 2, dispersion models, etc...) 39
Research Organization Asturias (Avilés) Main missions To support ArcelorMittal plants in delivering fast, high value process solutions for their deployment worldwide. To contribute with referential solutions for improving environmental footprint To help ArcelorMittal to make more efficient Business decisions Activities Total Process Control: Intelligent Manufacturing, Maintenance, Safety, Energy, Environmental and Recycling solutions Supply Chain and Technoeconomic decision support tools Key R&D facilities Mechatronics and Monitoring labs (on-going) Combustion and Water pilot plants (on-going) Management Science and Data Mining modelling labs Open innovation (using partners labs and direct implementation in-site) 40
Research Organization Asturias (Avilés) Resp: Nicolas de ABAJO # 50 Engineers + Technicians Industrial Enhancement INDEX Production, Energy, Environment, Recycling and Safety PEERS Business & Supply Chain Innovation KiN Mechatronics, Sensors and Monitoring Artificial Intelligence and Knowledge Management Pipe-end Technologies (Water, Air, ) and By-products Energy and Combustion Vertical Integration Commercial, Planning, Logistics, Global allocation models,, CETICA (Construction) 41
Investments in 2008 & B2009 CAPEX : 94 M Main items of environmental and maintenance capex : Environmental investments in Avilés Coke Plant: 11 M. New row of staves in Gijón Blast Furnaces: 2 M. Heavy Plate Mill revamping: 2 M. Legal requirements: 5 M. Avilés Coke Plant: 15 M. Heavy Plate Mill revamping: 5 M. Rail Mill: 5 M. Gas holders: 3 M. Rolls: 9 M. Budget 2009: Zero increase in environmental projects as compared to 2008 (legal requirements, environmental issues, upgrading of Gijón Coke Plant) and maintenance capex of 35 M (long+flat+rolls). 42
Conclusion ArcelorMittal Asturias: Integrated, multi-product site (flat and long products) with maximum capacity of 5 Mt of liquid steel per year. To react to the current crisis, ArcelorMittal Asturias is adjusting its production to market demand, maintaining its fixed costs and with zero increase in environmental capex, while adjusting internal and external personnel to production requirements. ArcelorMittal Asturias strength is based on the variety of products that are manufactured in its facilities, as some of these products are not being affected by a shrinking demand (rail, tinplate and heavy plate). 43
Q&A 44