1、Annual Report 2015Management report 1Table of contentsManagement ReportCompany overview _ 2Business overview _ 3Disclosures about market risks _ 29Group operational structure _ 32Key transactions and events in 2015 _ 35Recent developments _ 35Corporate governance _ 36 Luxembourg takeover law disclos
2、ure_ 61Additional information _ 62Chief executive officer and chief financial officers responsibility statement _ 65Consolidated financial statements for the year ended December 31,2015 _ 66Consolidated statements of operations _ 67Consolidated statements of other comprehensive income _ 68Consolidat
3、ed statements of financial position _ 69Consolidated statements of changes in equity _ 70Consolidated statements of cash flows _ 71Notes to the consolidated financial statements _ 72Report of the rviseur dentreprises agr consolidated financial statements _161Financial statements of ArcelorMittal par
4、ent company for the year ended December 31,2015 _162Management Report _163Chief executive officer and chief financial officers responsibility statement _164Statements of financial position _165Statements of operations _166Statements of other comprehensive income _166Statements of changes in equity _
5、167Statements of cash flows _168Notes to the financial statements _169Report of the rviseur dentreprises agr financial statements of ArcelorMittal parent company _205Risks related to the global economy and the steel industry _207Mining _2192 Management reportCompany OverviewHistory and development o
6、f the CompanyArcelorMittal is the worlds leading integrated steel and mining company.Since the creation of ArcelorMittal in 2006(through the combination of Mittal Steel and Arcelor)and continuing through 2008,ArcelorMittal pursued a disciplined growth strategy,with transactions in Argentina,Australi