The main aim of the contract is to standardize the terms of license and maintenance for current and future PSImetals solutions across the ArcelorMittal group and to support the standardization process for production management solutions, in order to reduce the Total Cost of Ownership at ArcelorMittal. The contract was signed by ArcelorMittal Purchasing SAS on behalf of all ArcelorMittal business units and affiliates worldwide.

In addition to general agreements to manage the partnership, the Master Agreement provides a license agreement for a more flexible utilization of PSImetals solutions and a standardized support service level through the maintenance of all the running and future applications in the ArcelorMittal group. The Master Agreement with PSI Metals aims to harmonize the production management processes for the different business areas and plants and their related applications. ArcelorMittal will get detailed PSImetals know-how, to build-up respective internal competence centers. In a mid-term horizon this should lead to an ever-increasing PSImetals implementation in the different plants, in which ArcelorMittal can take over more and more the customization, commissioning and maintenance of the solutions in order to realize harmonization and cost reductions.

ArcelorMittal is the world's leading steel and mining company, with a presence in more than 60 countries and an industrial footprint in over 20 countries. Guided by a philosophy to produce safe, sustainable steel, it is the leading supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging.

PSI Metals GmbH is the leading company in Supply Chain Management, Manufacturing Execution and Advanced Planning & Scheduling in the metals industry. PSImetals is the industry standard for planning and control throughout the entirelogistics chain and has already been implemented in different ArcelorMittal business units and plants.

On the basis of its own software products, PSI AG develops and integrates complete solutions for energy management (gas, oil, electricity, heat, energy trading), production management (mining, metals, automotive, mechanical engineering, logistics) and infrastructure management for transport and safety. PSI was founded in 1969 and employs 1,700 persons worldwide.