SEC Info - ArcelorMittal Finance LLC, et al. - ‘S-4’ on 4/15/08

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE
PURSUANT TO SECTION 305(b)(2) o

LASALLE BANK NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

36-0884183
(I.R.S. Employer
Identification No.)

135 South LaSalle Street, Chicago, Illinois 60603
(Address of principal executive offices) (Zip Code)

Guy Rounsaville
Executive Vice President
General Counsel
Telephone: (312) 904-5469
135 South LaSalle Street, Suite 925
Chicago, Illinois 60603
(Name, address and telephone number of agent for service)

ARCELORMITTAL FINANCIAL SERVICES LLC

(Exact name of obligor as specified in its charter)


Delaware		26-1604648
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

1 S. Dearborn, 19^th Floor		60603
Chicago, Illinois

(Address of principal executive offices)		(Zip Code)

9.75 % Senior Secured Notes due 2014
(Title of the indenture securities)

ITEM 1. GENERAL INFORMATION*

Furnish the following information as to the trustee:

(a)

Name and address of each examining or supervising authority to which it is subject.

	1.		Comptroller of the Currency, Washington D.C.

	2.		Federal Deposit Insurance Corporation, Washington, D.C.

	3.		The Board of Governors of the Federal Reserve Systems, Washington, D.C.

(b)

Whether it is authorized to exercise corporate trust powers.

Yes.

ITEM 2. AFFILIATIONS WITH THE OBLIGOR.

If the obligor is an affiliate of the trustee, describe each such affiliation.

Not Applicable


*		Pursuant to General Instruction B, the trustee has responded only to items 1, 2 and 16 of this form since to the best knowledge of the trustee the obligor is not in default under any indenture under which the trustee is a trustee.

ITEM 16. LIST OF EXHIBITS.

List below all exhibits filed as part of this statement of eligibility and qualification.

	1.		A copy of the Articles of Association of LaSalle Bank National Association now in effect. (incorporated herein by reference to Exhibit 1 to Form T-1 filed as Exhibit 25 to Form S-3, dated June 28, 2006, in File No. 333-135417).

	2.		A copy of the certificate of authority to commence business (incorporated herein by reference to Exhibit 2 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

	3.		A copy of the authorization to exercise corporate trust powers (incorporated herein by reference to Exhibit 3 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

	4.		A copy of the existing By-Laws of LaSalle Bank National Association (incorporated herein by reference to Exhibit 4 filed with Form T-1 filed as Exhibit 25 to Form S-3, dated June 28, 2006, in File No. 333-135417).

	5.		Not applicable.

	6.		The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939 (incorporated herein by reference to Exhibit 6 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

	7.		A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

	8.		Not applicable.

	9.		Not applicable.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, LaSalle Bank National Association, a corporation organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, State of Illinois, on the 13th day of March, 2008.


LASALLE BANK NATIONAL ASSOCIATION
By:	/s/ Thomas Popovics
	Name:	Thomas Popovics
	Title:	Assistant Vice President

LaSalle Bank N.A.

Call Date:

12/31/2007

ST-BK: 17-1520

FFIEC

031

135 South LaSalle Street

Page

RC-1

Chicago, IL 60603

Vendor ID: D

CERT: 15407

11

Transit Number: 71000505

Consolidated Report of Condition for Insured Commercial and

State-Chartered Savings Banks for December 31, 2007

All schedules are to be reported in thousands of dollars. Unless otherwise indicated,
report the amount outstanding as of the last business day of the quarter.

Schedule RC — Balance Sheet

Dollar Amounts in Thousands

ASSETS

1. Cash and balances due from depository institutions (from Schedule RC-A):

RCFD

a. Noninterest-bearing balances and currency and coin (1)

0081

1,811,400

1.a

b. Interest-bearing balances (2)

0071

18,057

1.b

2. Securities:

a. Held-to-maturity securities (from Schedule RC-B, column A)

1754

0

2.a

b. Available-for-sale securities (from Schedule RC-B, column D)

1773

7,449,111

2.b

3. Federal funds sold and securities purchased under agreements to resell

a. Federal funds sold in domestic offices

B987

589,130

3.a

b. Securities purchased under agreements to resell (3)

B989

6,010,128

3.b

4. Loans and lease financing receivables (from schedule RC-C)

a. Loans and leases held for sale

5369

4,010,493

4.a

b. Loans and leases, net of unearned income

B528

42,909,456

c. LESS: Allowance for loan and lease losses

3123

536,864

4.c

d. Loans and leases, net of unearned income, allowance, and reserve (item 4.a minus 4.b and 4.c)

B529

42,372,592

4.d

5. Trading assets (from Schedule RC-D)

3545

568,937

5.

6. Premises and fixed assets (including capitalized leases)

2145

184,333

6.

7. Other real estate owned (from Schedule RC-M)

2150

13,396

7.

8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)

2130

0

8.

9. Not applicable

10. Intangible assets (from Schedule RC-M)

a. Goodwill

3163

7,483,729

10.a

b. Other Intangible assets

0426

620,740

10.b

11. Other assets (from Schedule RC-F)

2160

3,291,642

11.

12. Total assets (sum of items 1 through 11)

2170

74,423,688

12.



(1)		Includes cash items in process of collection and unposted debits.

(2)		Includes time certificates of deposit not held for trading.

(3)		Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.

LaSalle Bank N.A.

Call Date: 12/31/2007

ST-BK: 17-1520

FFIEC

031

135 South LaSalle Street

Page

RC- 2

Chicago, IL 60603

Vendor ID: D

CERT: 15407

12

Transit Number: 71000505

Schedule RC — Continued

Dollar Amounts in Thousands

LIABILITIES

13. Deposits:

RCON

a. In domestic offices (sum of totals of columns
A and C from Schedule RC-E, part I)

2200

32,344,906

13.a

RCON

(1) Noninterest-bearing (1)

6631

7,623,297

13.a.1

(2) Interest-bearing

6636

24,721,609

13.a.2

RCFN

b. In foreign offices, Edge and Agreement
subsidiaries, and IBFs (from Schedule RC-E, part II)

2200

8,727,146

13.b

RCFN

(1) Noninterest-bearing

6631

0

13.b.1

(2) Interest-bearing

6636

8,727,146

13.b.2

RCON

14. Federal funds purchased and securities sold under agreements to repurchase:

a. Federal funds purchased in domestic offices (2)

B993

2,699,807

14.a

RCFD

b. Securities sold under agreements to repurchase (3)

B995

1,677,311

14.b

15. Trading liabilities (from Schedule RC-D)

3548

660,017

15

16. Other borrowed money (includes mortgage
indebtedness and obligations under capitalized
leases): From schedule RC-M

3190

12,143,761

16

17. Not applicable

18. Not applicable

19. Subordinated notes and debentures (4)

3200

125,000

19.

20. Other liabilities (from Schedule RC-G)

2930

1,082,438

20.

21. Total liabilities (sum of items 13 through 20)

2948

59,460,386

21.

22. Minority Interest in consolidated subsidiaries

3000

0

22.

EQUITY CAPITAL

RCFD

23. Perpetual preferred stock and related surplus

3838

500,000

23.

24. Common stock

3230

41,234

24.

25. Surplus (exclude all surplus related to preferred stock)

3839

14,246,246

25.

26. a. Retained Earnings

3632

154,931

26.a

b. Accumulated Other Comprehensive income.(5)

B530

20,891

26.b

27. Other Equity capital components (6)

3284

0

27.

28. Total equity capital (sum of items 23 through 27)

3210

14,963,302

28.

29. Total liabilities, minority interest, and equity
capital (sum of items 21, 22, and 28)

3300

74,423,688

29.

Memorandum
To be reported only with the March Report of Condition.

1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent

RCFD

Number

external auditors as of any date during 2001

6724

N/A

M.1


1 =		Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank

2 =		Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)

3 =		Attestation on bank managements assertion on the effectiveness of the banks internal control over financial reporting by a certified public accounting firm. with generally accepted auditing standards by a certified public accounting firm

4 =		Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified accounting firm. (may be required by state chartering authority)

5 =		Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)

6 =		Review of the bank’s financial statements by external auditors

7 =		Compilation of the bank’s financial statements by external auditors

8 =		Other audit procedures (excluding tax preparation work)

9 =		No external audit work


(1)		Includes total demand deposits and noninterest-bearing time and savings deposits.

(2)		Report overnight Federal Home Loan Bank advances in Schedule RC, item 16 “other borrowed money.”

(3)		Includes all securities repurchased agreements in domestic and foreign offices, regardless of maturity.

(4)		Includes limited-life preferred stock and related surplus.

(5)		Includes net unrealized holding gains(losses) on available for sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.

(6)		Includes treasury stock and unearned Employee Stock Ownership plan shares.

This ‘S-4’ Filing	Date	Other Filings

Filed on:	4/15/08	None on these Dates
	12/31/07
	6/28/06
	6/29/00
		List all Filings

ArcelorMittal Finance LLC, et al. – ‘S-4’ on 4/15/08 – EX-25.1

On: Tuesday, 4/15/08, at 5:26pm ET · Accession #: 950137-8-5416 · File #s: 333-150264, -01, -02, -03, -04, -05, -06, -07, -08, -09, -10, -11, -12, -13, -14, -15, -16, -17, -18, -19, -20, -21, -22, -23, -24, -25, -26, -27, -28

Registration of Securities Issued in a Business-Combination Transaction — Form S-4
Filing Table of Contents

EX-25.1 — Form T-1 Statement of Eligibility

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

ArcelorMittal Finance LLC, et al. – ‘S-4’ on 4/15/08 – EX-25.1

On: Tuesday, 4/15/08, at 5:26pm ET · Accession #: 950137-8-5416 · File #s: 333-150264, -01, -02, -03, -04, -05, -06, -07, -08, -09, -10, -11, -12, -13, -14, -15, -16, -17, -18, -19, -20, -21, -22, -23, -24, -25, -26, -27, -28

Registration of Securities Issued in a Business-Combination Transaction — Form S-4Filing Table of Contents

EX-25.1 — Form T-1 Statement of Eligibility

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Registration of Securities Issued in a Business-Combination Transaction — Form S-4
Filing Table of Contents