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ANNUAL REPORT 2011
 
Forging ahead

Scope and boundary of the report

This is our first integrated annual report prepared in accordance with the guidelines of the King Code of Governance for South Africa 2009 (King III). It is based on the solid foundation of our 2010 annual report. We acknowledge that accomplished integrated reporting is a journey and that this Integrated annual report is a step towards that end.

This report covers the period from 1 January 2011 to 31 December 2011 and contains most material issues of concern to all our stakeholders. Companies in which the ArcelorMittal South Africa group has a joint interest, minority shareholding or contractual interest are not included in the scope of this report, although we may work with these companies to provide guidance and assistance with aspects of their economic, social and sustainable development.

This report should be read in conjunction with the Sustainability Report and the Financial Report. References to supporting information contained on our website (www.arcelormittal.com/southafrica) are provided in this report.

Our aim is to achieve disclosures of the highest standard to provide meaningful, accurate, transparent and balanced information to stakeholders. We have been guided by the principles of King III and the Global Reporting Initiative (GRI). The Board and Board committees were actively involved in finalising disclosures made in this report.

The financial information contained in this report has been independently assured by Deloitte and Touche, but the nonfinancial information has not been assured. We have commenced on our external assurance journey, and expect to begin obtaining limited non-financial assurance in time for the 2012 reporting.

 
INTEGRATED REPORT 2011 FINANCIAL REPORT 2011 SUSTAINABILITY REPORT

Forging ahead as Africa’s champion of steel

For decades ArcelorMittal South Africa has been Africa’s foremost producer of steel, capable of producing 7.8 million tonnes of liquid steel per annum. It is a vital supplier to a continent that is growing fast and urgently needs rail, roads and electrification to sustain and further accelerate that escalation.

In this, our company isn’t alone. We are part of the ArcelorMittal Group, the world’s single biggest steel manufacturer and home to the champions of steel around the globe.

ArcelorMittal leads in all major global steel markets, including automotive, construction, household appliances and packaging. It shows the way in research and development, and controls sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 20 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature... read more