Mr. Schachler succeeds Jacques Chabanier, who previously announced his intention to retire from his current responsibilities, pending the appointment of his successor. Mr. Chabanier has agreed to support Mr. Schachler in an advisory capacity until May 31, to support the transition.

Mr. Schachler, who currently serves as CEO of Arcelor Mittal Eisenhuettenstadt, Germany, will also remain in that role until the nomination of his replacement by the Supervisory Board of Arcelor Eisenhuettenstadt.

Mr. Schorsch commented, "Dofasco is the leader in the Canadian steel market as well as a critical component in Arcelor Mittal's growth strategy in the Americas. Dofasco has a well-earned reputation in critical value-added markets, such as automotive; and I am very excited about the experience Mr. Schachler brings to help us build on this strong market position."

"I also want to recognize Jacques Chabanier's strong leadership throughout Dofasco's transition and integration with Arcelor Mittal,” he added. “Despite his relatively short tenure at the helm of Dofasco, Jacques has had real impact on its performance and prospects."

Dofasco is a leading North American steel solutions provider. Product lines include hot rolled, cold rolled, galvanized, Extragal^(TM), Galvalume^(TM) and tinplate flat rolled steels, as well as tubular products. Dofasco's wide range of steel products is sold to customers in the automotive, construction, energy, manufacturing, pipe and tube, appliance, packaging and steel distribution industries.