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ARCELORMITTAL (Exact Name of Registrant As Specified in Its Charter)

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ARCELORMITTAL (Exact Name of Registrant As Specified in Its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2010 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 333-146371 ARCELORMITTAL (Exact name of Registrant as specified in its charter) ARCELORMITTAL (Translation of Registrant’s name into English) Grand Duchy of Luxembourg (Jurisdiction of incorporation or organization) 19, Avenue de la Liberté, L-2930 Luxembourg, Grand Duchy of Luxembourg (Address of Registrant’s principal executive offices) Henk Scheffer, Company Secretary, 19, Avenue de la Liberté, L-2930 Luxembourg, Grand Duchy of Luxembourg. Fax: 011 352 4792 89 3937 (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Shares New York Stock Exchange Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: Common Shares 1,560,914,610 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ⌧ No If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes No ⌧ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ⌧ No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. Large accelerated filer ⌧ Accelerated filer Non-accelerated filer Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S. GAAP International Financial Reporting Standards as issued by the International Accounting Standards Board ⌧ Other If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No ⌧ TABLE OF CONTENTS Page PRESENTATION OF FINANCIAL AND CERTAIN OTHER INFORMATION 1 PART I ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 6 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 6 ITEM 3. KEY INFORMATION 6 A. Selected Financial Data 6 B. Capitalization and Indebtedness 7 C. Reasons for the Offer and Use of Proceeds 7 D. Risk Factors 7 ITEM 4. INFORMATION ON THE COMPANY 19 A. History and Development of the Company 19 B. Business Overview 26 C. Organizational Structure 54 D. Property, Plant and Equipment 58 ITEM 4A. UNRESOLVED STAFF COMMENTS 86 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 86 A. Operating Results 97 B. Liquidity and Capital Resources 108 C. Research and Development, Patents and Licenses 114 D. Trend Information 114 E. Off-Balance Sheet Arrangements 114 F. Tabular Disclosure of Contractual Obligations 114 G. Safe Harbor 115 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 115 A. Directors and Senior Management 115 B. Compensation 123 C. Board Practices/Corporate Governance 127 D. Employees 134 E. Share Ownership 135 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 136 A. Major Shareholders 136 B. Related Party Transactions 138 C. Interest of Experts and Counsel 140 ITEM 8 FINANCIAL INFORMATION 140 A. Consolidated Statements and Other Financial Information 140 B. Significant Changes 151 ITEM 9. THE OFFER AND LISTING 151 A. Offer and Listing Details 151 B. Plan of Distribution 152 C. Markets 152 D. Selling Shareholders 152 E. Dilution 153 F. Expenses of the Issue 153 i Page ITEM 10. ADDITIONAL INFORMATION 153 A. Share Capital 153 B. Memorandum and Articles of Association 153 C. Material Contracts 162 D. Exchange Controls 163 E. Taxation 163 F. Dividends and Paying Agents 168 G. Statements by Experts 168 H. Documents on Display 168 I. Subsidiary Information 168 ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 169 ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 171 A. Debt Securities 171 B. Warrants and Rights 171 C. Other Securities 171 D. American Depositary Shares 172 PART II ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 172 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 172 ITEM 15. CONTROLS AND PROCEDURES 172 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 175 ITEM 16B. CODE OF ETHICS 175 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 175 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 176 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 176 ITEM 16G. CORPORATE GOVERNANCE 176 PART III ITEM 17. FINANCIAL STATEMENTS 176 ITEM 18. FINANCIAL STATEMENTS 176 ITEM 19. EXHIBITS 177 ii PRESENTATION OF FINANCIAL AND CERTAIN OTHER INFORMATION Definitions and Terminology Unless indicated otherwise, or the context otherwise requires, references herein to “ArcelorMittal”, “we”, “us”, “our” and “the Company” or similar terms are to ArcelorMittal, formerly known as Mittal Steel Company N.V. (“Mittal Steel”), having its registered office at 19, avenue de la Liberté, L-2930 Luxembourg, Grand Duchy of Luxembourg, and, where the context requires, its consolidated subsidiaries. ArcelorMittal’s principal subsidiaries, categorized by operating segment and location, are listed below. All references herein to “Arcelor” refer to Arcelor, a société anonyme incorporated under Luxembourg law, which was acquired by Mittal Steel on August 1, 2006. For the purposes of this annual report, the names of the following ArcelorMittal subsidiaries as abbreviated below will be used where applicable. Name of Subsidiary Abbreviation Country Flat Carbon Americas ArcelorMittal Dofasco Inc. ArcelorMittal Dofasco Canada ArcelorMittal Lázaro Cárdenas S.A. de C.V. ArcelorMittal Lázaro Cárdenas Mexico ArcelorMittal USA LLC ArcelorMittal USA USA ArcelorMittal Mines Canada Inc ArcelorMittal Mines Canada Canada ArcelorMittal Brasil S.A. ArcelorMittal Brasil Brazil Flat Carbon Europe ArcelorMittal Atlantique et Lorraine S.A.S. ArcelorMittal Atlantique et Lorraine France ArcelorMittal Belgium N.V. ArcelorMittal Belgium Belgium ArcelorMittal España S.A. ArcelorMittal España Spain ArcelorMittal Flat Carbon Europe S.A. AMFCE Luxembourg ArcelorMittal Galati S.A. ArcelorMittal Galati Romania ArcelorMittal Poland S.A. ArcelorMittal Poland Poland Industeel Belgium S.A. Industeel Belgium Belgium Industeel France S.A. Industeel France France ArcelorMittal Eisenhüttenstadt GmbH ArcelorMittal Eisenhüttenstadt Germany ArcelorMittal Bremen GmbH ArcelorMittal Bremen Germany ArcelorMittal Méditerranée S.A.S. ArcelorMittal Méditerranée France Long Carbon Americas and Europe Acindar Industria Argentina de Aceros S.A. Acindar Argentina ArcelorMittal Belval & Differdange S.A. ArcelorMittal Belval & Differdange Luxembourg ArcelorMittal Brasil S.A. ArcelorMittal Brasil Brazil ArcelorMittal Hamburg GmbH ArcelorMittal Hamburg Germany ArcelorMittal Las Truchas, S.A. de C.V. ArcelorMittal Las Truchas Mexico ArcelorMittal Montreal Inc. ArcelorMittal Montreal Canada ArcelorMittal Gipúzkoa S.L. ArcelorMittal Gipuzkoa Spain ArcelorMittal Ostrava a.s. ArcelorMittal Ostrava Czech Republic ArcelorMittal Point Lisas Ltd. ArcelorMittal Point Lisas Trinidad and Tobago ArcelorMittal Poland S.A. ArcelorMittal Poland Poland Société Nationale de Sidérurgie S.A. Sonasid Morocco ArcelorMittal Duisburg GmbH ArcelorMittal Duisburg Germany ArcelorMittal Warszawa S.p.z.o.o. ArcelorMittal Warszawa Poland AACIS ArcelorMittal South Africa Ltd. ArcelorMittal South Africa South Africa JSC ArcelorMittal Temirtau ArcelorMittal Temirtau Kazakhstan OJSC ArcelorMittal Kryviy Rih ArcelorMittal Kryviy Rih Ukraine Stainless Steel ArcelorMittal Inox Brasil S.A. Acesita or ArcelorMittal Inox Brasil Brazil ArcelorMittal Stainless Belgium N.V. AMSB Belgium Distribution Solutions ArcelorMittal International Luxembourg S.A. ArcelorMittal International Luxembourg Luxembourg 1 In addition, unless we have indicated otherwise, or the context otherwise requires, references in this annual report to: • “production capacity” are to the annual production capacity of plant and equipment based on existing technical parameters as estimated by management; • “steel products” are to finished and semi-finished steel products, and exclude raw materials (including those described under “upstream” below), direct reduced iron (DRI), hot
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