2013 Australian Steel ConventionAndrew RobertsManaging Director and CEO

9 September 2013

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This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Arrium and

certain plans and objectives of the management of Arrium. Forward-looking statements can generally be identified by the use of words such as ‘project’,

‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. All such forward looking statements

involve known and unknown risks, significant uncertainties, assumptions, contingencies and other factors, many of which are outside the control of

Arrium, which may cause the actual results or performance of Arrium to be materially different from any future results or performance expressed or

implied by such forward looking statements. Such forward-looking statements speak only as of the date of this presentation. Factors that could cause

actual results or performance to differ materially include without limitation the following: risks and uncertainties associated with the Australian and global

economic environment and capital market conditions, the cyclical nature of the steel industry, the level of activity in the construction, manufacturing,

mining, agricultural and automotive industries in Australia and North and South America and, to a lesser extent, the same industries in Asia and New

Zealand, mining activity in the Americas, commodity price fluctuations, fluctuations in foreign currency exchange and interest rates, competition, Arrium's

relationships with, and the financial condition of, its suppliers and customers, legislative changes, regulatory changes or other changes in the laws which

affect Arrium's business, including environmental laws, a carbon tax, mining tax and operational risk. The foregoing list of important factors is not

exhaustive. There can be no assurance that actual outcomes will not differ materially from these statements.

All balance sheet items are based on statutory financial information. Except as otherwise expressed, references in this document to net profit/loss after

tax refer to net profit/loss attributable to equity holders of the parent. Segment results referred to throughout this presentation are those reported in the

2013 Full Financial Report. They are equivalent to segment underlying results.

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ContentsPage

Arrium overview 4

Steel 6

Market segment conditions 13

Building the future in steel 15

Conclusion 20

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Arrium overview

Steel is an important part of Arrium’s portfolio

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Arrium overview

Transformational year

Maintained significant improvement in performance delivered by the Steel business

Completed expansion to double iron ore sales rate and port capacity at Whyalla on-time and budget

Continued strong earnings in Mining

Continued strong earnings and earnings growth in Mining Consumables

Arrium continues to deliver on its commitments

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Steel

Committed to the steel industry

Delivered positive EBITDA

A single steel business effective 1 July 2013

• Strong customer focus

• Flexible, agile and responsive to market needs

• Confidence in dealing with a committed long-term partner

• Trading as OneSteel

Arrium is committed to the steel industry6

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Steel

OneSteel - single steel business

• Integrated value chain and businesses

Steve Hamer - Chief Executive

• Experienced management team

Revenue of $3.5bn (including ATM and Merchandising) in FY13 and 2.6MT of steelmaking capacity

• Directly employing approximately 5,200 people across Australia

Australian Tube Mills and Merchandising businesses held for sale

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Steel

3 400+ $300m+

Sites People Revenue

The largest processor & distributor of wire products into rural &

construction markets

5 800+ $1.3bn

Sites People Revenue

Flexible and reliable supplier of rebar, rod & mebar into our chosen

distributor channels

2 1100+ $0.95bn+

Sites People Revenue

Reliable supplier of billet in our integrated channel with rail and

structurals into our chosen distributor channels

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Steel

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Australia’s largest reinforcing provider focussed on top-tier projects and

helping customers with their construction risks

800+ $600m+ 39 800+ $500m+

The leading provider of reinforcing products to the mid-tier and smaller

project markets

70+ 900+ $700m+

The leading distributor of a broad range of products leveraging scale in

market coverage, product range, operations & supply chain

Sites People RevenueSites People Revenue Sites People Revenue

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Key market segments

Residential, non-residential and engineering construction (including mining investment) drives demand for reinforcing bar and wire, rod for mesh, hot rolled structurals, merchant bar and rail

Agriculture drives demand for rural wire, rural posts and rural pipe products

Mining production drives demand for grinding bar which is feed for grinding media

FY13 Steel Domestic Sales by Market Segment

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Approximately 75% of Steel revenue isdriven by construction

Source: Management estimates

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QUALITY

• ‘Safety’ is a Core Value

• Meet standards and certification

• In-house engineering to optimise design

• Core metallurgical expertise

PREDICTABLE

• Do what we say we will

• Reliable

• Product consistency

• Scale through integrated supply chain from raw materials

to sales

FLEXIBLE TO MARKET DYNAMICS

• Variety of business models enacted through locally empowered

leaders

• “Sprint” capacity to match market needs

• Extensive national footprint

• Local and ready to listen

UNDERSTAND MARKETS’ NEEDS

• Knowledgeable of products, their applications, end-use

markets and global trends

• Innovative solutions to solve customer problems

• Manufacture or import supply solutions to deliver

meaningful products and services

CUSTOMERS’ RISKS MITIGATED• ‘Customer’ is respected and a Core Value

• Full control of our end-to-end integrated manufacturing processes

and transparent supply chain

• Long-term industry involvement with shared benefit and risk of local

industry success

VALUE FOR MONEY

• “Straight forward” commercial relationships that make

business easy

• Relentless focus on costs

Our value proposition to our customers

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Australian Tube Mills and Merchandising

Australian Tube Mills and Merchandising are long established and reputable businesses

– Merchandising includes Sheet and Coil, Aluminium and Metpol

Chief Executive – Naomi James

Businesses held for sale - not part of Steel’s integrated value chain

These businesses offer strong value propositions to the Australian industry

Australian Tube Mills has recently been re-branded to

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Market segment conditions

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We have a positive mid to long-term view of theAustralian construction segments

Increase in residential commencements

Non-residential commencements to grow over the medium term

Value of engineering construction projects to increase

Source: NIEIR

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Market segment conditions

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Providing improved opportunities for local content

Mining investment has come off its peak but remains stable above historical levels

Mining production is projected to increase

Source: NIEIR

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Building the future in steel

OneSteel is committed to building the

future in steel

Local content Growing steel intensity Effective and efficient domestic supply chain

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This could not have been achieved without an

effective and efficient local supply chain

Local contentEffective and efficient supply chain

Whyalla Port expansion, doubling capacity to 13mtpa, completed on-time and on budget

• ~ $200million• ~ 90% local sourcing• ~ 8,100 tonnes of steel• First sales through Whyalla Port in December 2012, 10 months from

commencement of construction

• Doubling sales rate to 12mtpa - June 2013

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Local contentEffective and efficient supply chain

Arrium has invested circa $700million in mining capital expansions since Project Magnet commenced in 2005

• Local industry continues to deliver

• Close links between designer and suppliers are critical to execution

• Robust supply chain includes designers, construction contractors, fabricators and specialised engineering firms such as; Leighton Contractors

Kerman Contracting

Manuele Engineering

Gadaleta Steel Fabrication

Link Engineering

RAIL INFRASTRUCTUREDelivering results using local supply17

Rail & materials handling facilities under constructionOctober, 2012

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Local content and growing steel intensity

Brookfield PlaceTower 2

2,000 t

An effective and aligned value chain –local industry working together

Brookfield Place Tower 1 was a very successful project, delivered using local supply

Customers:• Builder – Brookfield Multiplex Constructions

• Steel contractor - PIC

Brookfield Place Tower 2 is now underway leveraging the steel industry’s local supply chain

Brookfield PlaceTower 14,300 t

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A proven model leveraging an effective and efficient local supply chain

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Melbourne.ATO Building, Box Hill,Melbourne.

FCAD Building,Footscray, Vic

VCCC Admin Building, Melbourne.

480 Queen St,Brisbane.

5 Martin Place,Sydney.

VCC Admin Building, Melbourne.

Growing steel intensity

“…Grocon’s experience is that steel solutions help us get the project completed safely, on-time & on-budget…”

Jason O’Hara – Construction Manager VIC & SA

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Grocon is proving that structural steel is a serious alternative as a framing solutionF

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Conclusion

Steel is an important part of Arrium’s portfolio

OneSteel’s integrated steel businesses, products and brands you know

are here to stay

OneSteel fully supports the ASI’s three strategic themes

OneSteel is committed to building the future in steel with our customers

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Questions

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