# ArcelorMittal US Pension Plan

ArcelorMittal US Pension Plan is a Corporate Pension Plan based in Chicago, United States.

## Overview

- **Organization type:** Corporate Pension Plan
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The ArcelorMittal US Pension Plan was established by ArcelorMittal, the global steel producer formed through the 2006 merger of Arcelor and Mittal Steel. It covers US-based employees and retirees, with assets held in trust for benefit payments. The plan is governed by ERISA regulations and administered by a board of trustees. The plan's investment strategy focuses on liability-driven investing, with a core allocation to fixed income securities that match duration and cash-flow needs. It also holds a diversified portfolio of public equities, including US and non-US stocks. In alternatives, the pension invests in private credit, infrastructure, and real estate to enhance returns and diversification. Known holdings include stakes in buyout funds, infrastructure debt, and direct real estate properties. The investment team manages both internal and external mandates, relying on managers for specialist strategies. Total assets under management are not publicly disclosed—the plan is not required to report AUM as a separate entity. The team size and specific offices beyond Chicago are not published. The plan's activities are supported by ArcelorMittal's corporate treasury and benefit services. No recent operational events from the last 24 months are publicly available. The plan's structure as a single-employer defined-benefit pension fund ties it directly to ArcelorMittal's US operations, giving it a stable liability profile and a long investment horizon. This differs from multi-employer or public pension plans and influences its tolerance for illiquid assets. Governance follows ERISA fiduciary standards.

## Sectors

- Infrastructure
- Private Credit
- Real Estate

## Questions

### Who manages the investment decisions at ArcelorMittal US Pension Plan?

Investment decisions are overseen by a board of trustees and an internal investment staff. The plan engages external asset managers for specific strategies, particularly in alternatives. The exact composition of the investment committee is not publicly disclosed.

### How does the ArcelorMittal US Pension Plan allocate its portfolio?

The plan uses a liability-driven investment approach, with a significant allocation to fixed income to match benefit obligations. It also invests in public equities, private credit, infrastructure, and real estate to seek return premiums. The mix is adjusted based on actuarial assumptions and market conditions.

### Is the ArcelorMittal US Pension Plan open to external capital?

No, the plan is a single-employer defined-benefit pension fund closed to outside investors. Only ArcelorMittal US employees and retirees are beneficiaries. It does not accept capital from unrelated parties.

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Last updated: 2026-06-03T20:00:00.000Z

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