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Article

1 May 2009

Author:
Friends of the Earth Europe, Global Action on ArcelorMittal, CEE Bankwatch Network

[PDF] ArcelorMittal: Going nowhere slowly -A review of the global steel giant's environmental and social impacts in 2008-2009

During the last 15 years, ArcelorMittal’s predecessor companies, mainly Mittal Steel, have bought up several old and highly polluting steelmills and made them profitable, however environmental improvements other than those necessary to increase production efficiency have been painfully slow. In several countries the company has received low-interest public loans from the European Bank for Reconstruction and Development...and International Finance Corporation...for environmental improvements but the results have been largely invisible to local people...This publication aims to give an overview of what has happened since [Global Action on ArcelorMittal released its 2008 report] and how we see the company’s efforts to improve its environmental, health and safety performance.