core sector communique

Aperam publishes its first Sustainability Report

Luxembourg, 10 July 2012 - Aperam, a leading global producer of stainless and speciality steel, has published its first Sustainability Report today. The report outlines the Company's approach to sustainability, its record and policies in areas such as safety, people, communities, environment, and the contribution of the Company's products to society.

The report also shows how Aperam's sustainability approach is reflected in its endeavours to meet its customers' expectations and how innovation lies at the heart of its industrial and commercial processes.

Until it was created as a spin-off from ArcelorMittal in January 2011, Aperam's activity was covered by ArcelorMittal's annual Corporate Responsibility Report. Both in Western Europe and in Brazil, its two main industrial hubs, Aperam can look back at a decade-long record as a company which values safety as a core priority, preserves natural resources and the environment, and cares for its people and the communities in which it operates.

Aperam has adopted the Global Reporting Initiative (GRI) Sustainable Development Guidelines; it joined the United National Global Compact (UNGC) in January 2012.

Philippe Darmayan, CEO of Aperam, commented: "For our first Sustainability Report, we chose to highlight Safety as our core priority, for both our employees and our contractors. Our goal is to be the safest steel company in the world. Although full safety can unfortunately never be considered as attained, our global safety indicators showed significant improvement in 2011. We have plenty of other noteworthy projects and programmes ongoing both in Europe and Brazil, which contribute to make Aperam more sustainable and which we are proud to present in this report. We want our sustainability approach to permeate all aspects of our business as we believe it is beneficial to the Company's overall performance".

About Aperam

Aperam is a global player in stainless, electrical and specialty steel, with operations in more than 30 countries. The business is organized in three divisions: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties.

Aperam has 2.5 million tonnes of flat stainless steel capacity in Brazil and Europe and is a leader in high value added niches - alloys and specialties. Aperam has a highly integrated distribution, processing and services network and a unique capability to produce stainless and specialty from low cost biomass (charcoal). Its industrial network is concentrated in six main plants located in Brazil, Belgium and France. Aperam has about 10,500 employees.

Aperam commits to operate in a responsible way with respect to health, safety and the well-being of its employees,

contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. In 2011, Aperam had revenues of USD 6.3 billion and shipments of 1.75 million tonnes.