01.06.2016 10:28

Conclusion of contracts for a supply of steel products from ArcelorMittal Commercial Sections S.A.

On 31 May 2016 Stalprofil S.A. received confirmation of complex commercial contracts from ArcelorMittal Commercial Sections S.A. with its registered office in Luxembourg for a supply of steel products manufactured by mills belonging to the ArcelorMittal Group, and thus concluded further purchases of steel products with a value of 27 284 thousand PLN. As a result of these transactions, the total value of contracts concluded by Stalprofil with entities of the ArcelorMittal Group from 6 April 2016 (the date of publication of the current report 5/2016) totaled 50 985 thousand PLN. The ArcelorMittal Group is the largest steel producer in the world and also in Poland and at the same time is a major supplier of steel products for Stalprofil.
Confirmed orders for supplies of steel produced by ArcelorMittal Ostrava AS, based in Ostrava, ArcelorMittal Esch-Belval, Differdange, Rodange in Luxembourg, ArcelorMittal SA Bergara in Bergara, ArcelorMittal Hunedoara and ArcelorMittal Poland SA with its registered office in Sosnowiec and Dąbrowa Górnicza. These deliveries will be for Stalprofil in June and July 2016.
Terms of the transactions do not provide for contractual penalties and do not differ from those commonly used for this type of trade agreements.
Purchase transactions of steel products contained with the contractor meet all the criteria of a significant agreement because their total value reaches 10% of the equity of the issuer.