Luxembourg and New York, 15 March 2013
During an Investor Day on 15 March 2013, ArcelorMittal presented how we will protect and grow our Automotive franchise, among many other things. Full copies of the presentations can be found on the Company’s website www.arcelormittal.com
In his presentation, Mr Mittal, Chairman and Chief Executive, introduced the concept of what ArcelorMittal refers to as its “franchise” businesses; businesses in attractive markets where the Company has a competitive edge. Automotive, sheet piles, mechanical tubing, wide and heavy hot-rolled for high-strength applications are all examples of franchise businesses. The Company is committed to invest to grow and expand these businesses.
Automotive is a key franchise business
ArcelorMittal is the number one supplier to all the major automotive manufacturers and will continue to make the necessary investments in intellectual capital, plant and equipment in order to maintain this. The global automotive market is forecast to grow by 24% from about 80 million units in 2012 to over 100 million in 2017.3 ArcelorMittal is well positioned to serve the automotive market with production facilities in the NAFTA region, EU27, Turkey and South America. Additionally the Company’s commercial organisation covers all regions where its global customers have a presence.
ArcelorMittal is the leader in high strength steels
High strength steels are vital to ensure steel can maintain its position as the material of choice for the auto sector. Brian Aranha, Vice President of worldwide automotive, explained how the Company is consistently expanding its Advanced High Strength Steels (AHSS) offering. The S-in motion program has developed a catalogue of solutions for achieving up to 20% of weight reduction compared to a reference vehicle with existing products, designed to satisfy the needs of vehicles produced up to 2020. The R&D program is already working to develop the next generation of AHSS which will be required beyond 2020, for example simulating steel solutions that will be required to meet the fuel economy targets of 54mpg in the USA and 95g/km CO2 in Europe.