UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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Dated October 17, 2018
Commission File Number: 001-35788
ARCELORMITTAL
(Translation of registrant’s name into English)
24-26, Boulevard d’Avranches
L-1160 Luxembourg
Grand Duchy of Luxembourg
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____
On October 17, 2018, ArcelorMittal issued the press release attached hereto as Exhibit 99.1 and hereby incorporated by reference into this report on Form 6-K.
Exhibit List
Exhibit No. | Description |
Exhibit 99.1 | Press release dated October 17, 2018, reporting that ArcelorMittal has taken a required step to ensure its offer for Essar Steel is eligible. |
Exhibit Index
Exhibit No. | Description |
Exhibit 99.1 | Press release dated October 17, 2018, reporting that ArcelorMittal has taken a required step to ensure its offer for Essar Steel is eligible. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ARCELORMITTAL
Date 17 October 2018
By: ___/s/ Henk Scheffer__________
Name: Henk Scheffer
Title: Company Secretary & Group Compliance & Data Protection Officer
press release |
ArcelorMittal takes required step to ensure its offer for Essar Steel is eligible
17 October 2018 – ArcelorMittal (‘the Company’) announces that, in-line with the Indian Supreme Court ruling dated 4 October 2018, it has approved a payment of 7,469 crore rupees (c. $1 billion) to the financial creditors of Uttam Galva and KSS Petron to clear overdue debts in order that the offer it submitted for Essar Steel India Limited (‘ESIL’) on 2 April 2018 is eligible and can be considered by ESIL’s Committee of Creditors (‘CoC’).
ArcelorMittal’s Board of Directors believes that ESIL represents a unique and compelling opportunity for the Company to establish a significant footprint, with substantial expansion potential, in the high-growth Indian steel market. It concluded that, given the significant benefits that ESIL would bring to ArcelorMittal, making this payment was an appropriate course of action under the circumstances.
As stipulated in the Supreme Court ruling, ESIL’s CoC now has an eight-week period to accept what it considers to be the best resolution plan from eligible applicants.
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