3 June 2015 - ArcelorMittal, the world’s leading steel and mining company, is today hosting an investor event in London focussing on the company’s global automotive steel franchise and research and development (R&D) capabilities. Presentations, from members of ArcelorMittal’s automotive and R&D leadership teams, will explore the challenges and opportunities that exist in the global automotive sector, highlighting ArcelorMittal’s successful strategy to address these through innovative solutions that ensure steel retains its position as the material of choice for the automotive sector. Specific areas covered will include:
The presentation materials from the event will be published on ArcelorMittal’s website (http://corporate.arcelormittal.com/investors/presentations/2015) and can be downloaded from 2pm CET today. There will be no discussion on the company’s current trading performance at the event.
This will be followed by a site visit tomorrow, 4 June 2015, to ArcelorMittal’s automotive steel finishing plant in Sagunto, Spain, and to the Gestamp Automotive research and development facility in Barcelona.
Commenting, Brian Aranha, Head of Global Automotive and commercial coordination, said: “As part of the transition to a low-carbon economy our automotive customers are required to improve their efficiency and reduce tail pipe emissions. Some producers of other materials have sought to take advantage of this shift and question steel’s ability to support the required weight-savings. The reality is very different. Our R&D department has worked very closely with our customers to develop a fantastic range of steel products that can deliver the requirements our auto customers are demanding in both a cost effective and environmentally friendly manner. We will continue to invest in innovative automotive steels for the future and are convinced that steel will remain the material of choice for the automotive sector.”
The company also today announces a €9 million investment at its Sagunto plant which will enable the plant to produce aluminium-silicon (Alusi) coated Usibor® hot stamping steel, becoming ArcelorMittal’s fourth European plant to produce Usibor® Alusi and the second to produce large-width Usibor®. The project, which will commence this summer with first production and client approvals expected by the fourth quarter of the year, will allow ArcelorMittal to meet growing demand for innovative coatings required by the Southern European automotive market.
ArcelorMittal Sagunto is a flat steel finishing plant located in the Spanish Eastern Mediterranean area, 30 km north of Valencia. ArcelorMittal Sagunto has an annual production capacity of 2 million tonnes of cold rolled and coated steel. The facilities comprise a cold rolling mill, an electrogalvanising line and a hot dip galvanizing line.
Usibor® is a pre-coated (aluminium-silicon coating) boron steel grade for hot stamping. It possesses a very high mechanical strength after hot stamping and is part of the range of products developed to meet vehicle weight reduction and safety requirements. Usibor® is intended for use in a car’s structural and safety components. Since many years, the demand for Usibor® hot stamping steel has shown a spectacular growth. Usibor® now accounts for above 25% of body-in-white in the most advanced vehicles. Thanks to the laser ablation process, Usibor® Alusi is also suitable for laser welding.