The Environmental Protection Agency said the fine was reached after its management held a technical hearing with ArcelorMittal, at which time the company acknowledged its missteps and expressed commitment to remedy the situation.
The company was found liable for its continued failure to notify the EPA of a major change in its project which posed significant threat to the environment and human health.
According to the EPA, the act violates Part III, Section 26 (a&b) of the Environmental Protection and Management Law.
Meanwhile, a statement from ArcelorMittal issued late Monday evening notes that the company has received a communication from the EPA about the situation, noting that the company is still reviewing the content of the communication.