ArcelorMittal Montreal optimizes its scrap recycling operations

Contrecoeur-Feruni becomes main platform, Ottawa activities and La Prairie site divested

CONTRECOEUR, March 2, 2015 – To better serve its internal and external clients and optimize its scrap recycling operations, ArcelorMittal Montreal announces that its existing Contrecoeur scrap recycling and processing center (“Contrecoeur-Feruni”) becomes the main platform for scrap shredding, processing and sorting on behalf of its Contrecoeur steelworks. The Company has therefore come to an agreement with American Iron & Metal Company Inc. to sell the Ottawa recycling and processing center and the land and buildings of the La Prairie recycling and processing center.

To deploy Contrecoeur-Feruni as the strategic site to support our steelmaking operations, its shredder will be restarted and ten new positions will be created at this location. “After a thorough analysis of the market, we determined that using Contrecoeur-Feruni as our main scrap processing platform was the most efficient use of our assets. We remain committed in the scrap metal business as it enables us to manufacture safe, sustainable steel with recycled materials,” explained Louis-Philippe Péloquin, director of communications for ArcelorMittal Montreal. As one of the largest local recyclers of steel in Quebec with more than 850,000 tons reused annually, ArcelorMittal Montreal will continue obtaining its scrap metal from multiple sources.

The Ottawa sale is effective today, whereas operations in La Prairie are expected to permanently cease on July 17, 2015. “We would like to thank our Ottawa and La Prairie employees for their dedication over the years”, added Mr. Péloquin.

About ArcelorMittal Montreal

ArcelorMittal Montreal’s (montreal.arcelormittal.com) mission is to safely manufacture sustainable steel in accordance with its values of health and safety, quality, leadership and sustainability. The company employs about 1,700 people in Contrecoeur, Longueuil, Montreal and Hamilton. It operates a scrap metal conversion and recycling centre, one iron-ore reduction plant, two steel plants, three rolling mills and two wire drawing mills. The group has an annual production capacity of over 2 million tons of steel and generates economic spinoffs of more than $1 billion per year.

ArcelorMittal Montreal can manufacture steel using either scrap metal or iron ore – mined mostly in Northern Quebec by its sister company ArcelorMittal Mining Canada. The Company can adapt its steelworks operations based on availability and cost of raw materials, ranging from 100% scrap to 100% iron pellets. ArcelorMittal Montreal reuses annually more than 850,000 tons of scrap metal in its steelworks.

ArcelorMittal Montreal is part of ArcelorMittal, the world’s leading integrated steel and mining company, with a presence in more than 60 countries.