The US remained ArcelorMittal’s largest market in 2024

Sales to the US fell by 5% y/y. Poland moved up to fourth place, while Italy and the UK showed growth

In 2024, the United States remained the largest sales market for the global steel company ArcelorMittal, although sales in this area decreased by 5% year-on-year to $8.44 billion. This is stated in the financial report of ArcelorMittal.

Brazil retained the second place in steel supplies, where sales fell by 8% y/y – to $7.56 billion, and Germany remained in third place with a 12% y/y drop ($5.76 billion).

Poland managed to move up to fourth place in ArcelorMittal’s sales market ranking, ahead of France. Despite a slight decline in sales of 0.5% y/y ($4.44 billion), Poland outperformed France, where sales decreased by 9% y/y ($4.19 billion).

Amid the overall decline in sales volumes, sales in Italy and the UK grew by 8% y/y to $2.8 billion and by 9% y/y – to $1.46 billion, respectively.

As GMK Center previously reported, in 2024, ArcelorMittal reduced steel production by 0.3% compared to 2023, to 57.9 million tons. Iron ore production in the period increased by 0.9% y/y – to 42.4 million tons. Steel shipments to customers in the period amounted to 54.3 million tonnes (-2.3% y/y), and iron ore (only for AMMC and Liberia) – 26.4 million tonnes (+0% y/y).

ArcelorMittal is a leading global steel and mining company with operations in 60 countries and production assets in 18 countries.