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…

ASBESTOS LITIGATION: ArcelorMittal Has 431 Pending French Cases

The number of outstanding asbestos exposure claims against certain French subsidiaries of ArcelorMittal was 431 at Dec. 31, 2008, as compared to 449 at Dec. 31, 2007, according to the Company’s annual report, on Form 20-F, filed with the Securities…