ASBESTOS UPDATE: ArcelorMittal Earmarks $7MM for 2011 Removal Cost

ArcelorMittal says ArcelorMittal USA’s environmental provisions include US$50 million, with anticipated expenditures of US$7 million during 2011, to address the removal and disposal of polychlorinated biphenyls (PCBs) and the elimination of asbestos- containing materials.

Headquartered in Luxembourg, ArcelorMittal is an integrated…

ASBESTOS LITIGATION: ArcelorMittal USA Cites $222Mil for Cleanup

ArcelorMittal’s subsidiary ArcelorMittal USA’s environmental provisions of US$222 million are mainly related to investigation, monitoring and remediation of soil and groundwater investigation at its current and former facilities and to removal and disposal of PCBs and asbestos-containing material.

The environmental provisions…