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ArcelorMittal is a global steel producer. The Company has steel-making operations in 20 countries on four continents, including 66 integrated, mini-mill and integrated mini-mill steel-making facilities. ArcelorMittal operates its business in six operating segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa and Commonwealth of Independent States (CIS) (AACIS); Stainless Steel; and Arcelor Mittal Steel Solutions and Services. ArcelorMittal’s steel-making operations have a high degree of geographic diversification. Approximately 36% of its steel is produced in the Americas, approximately 49% is produced in Europe and approximately 15% is produced in other countries, such as Kazakhstan, South Africa and Ukraine. ArcelorMittal produces a range of finished, semi-finished carbon steel products and stainless steel products. In July 2009, the Company completed the acquisition of Noble European Holdings B.V.

Business

ArcelorMittal is the world's largest steel company and is the market leader in steel for use in automotive, construction, household appliances and packaging. It holds sizeable captive supplies of raw materials and operates extensive distribution networks.

Its industrial presence in Europe, Asia, Africa and America gives the Group exposure to all the key steel markets, from emerging to mature. ArcelorMittal is looking to develop positions in the high-growth Indian and Chinese markets.

ArcelorMittal key financials for 2007 show revenues of US$105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of world steel output.

ArcelorMittal is listed on the stock exchanges of New York, Amsterdam, Paris, Brussels, Luxembourg and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia.

As of 4 November 2008, the market capitalisation of ArcelorMittal was $35.37B.

In December, 2008, ArcelorMittal announced several plant closings, including the former Bethlehem Steel plant in Lackawanna, NY and LTV Steel in Hennepin, IL.

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Financial Analysis

ArcelorMittal's most recently released market cap figure is $34.02 billion.

In 2007, ArcelorMittal had sales of $105.2 billion, up 78.7% from $58.9 billion in 2006. Its net income was $11.9 billion with a net profit margin of 11.3%. The company attributed this increase in sales to the acquisition of Arcelor by Mittal Steel on 1 August 2006.

In 2006, ArcelorMittal had sales of 58,9 billion, up 109.3% from $28.1 billion in 2005. Its net income was $6.1 billion with a net profit margin of 10.4%.

Since September 2006, ArcelorMittal has issued dividends to shareholders that represented 30% of ArcelorMittal's profits.