ArcelorMittal Europe increased steel production by 8.3% y/y in 2024

The European division of global steelmaker ArcelorMittal increased steel production by 8.3% in 2024 compared to 2023, to 31.2 million tons. This is stated in the company’s financial report.

Steel production in blast furnaces (BF) increased by 10.8% y/y – to 25.7 million tons, while electric arc furnaces (EAF) production decreased by 1.8% y/y – to 5.5 million tons.

The largest production volumes among ArcelorMittal’s European assets are accounted for by the Belgian division – 5.2 million tons in 2024, up 20.9% y/y. ArcelorMittal France produced 4.8 million tons of steel for the year (+23.1% y/y), Spain – 3.6 million tons (+12.5%), Poland – 3.8 million tons (+22.6%), Bremen – 3.1 million tons (+6.9%).

Last year, ArcelorMittal Méditerranée (France) produced 1.9 million tons of steel (-20.8% y/y), ArcelorMittal Belval & Differdange (Luxembourg) – 1.9 million tons (+0%), ArcelorMittal Eisenhüttenstadt (Germany) – 1.8 million tons (-5.2%), ArcelorMittal Zenica – 0.5 million tons (-16.7%).

According to the financial report, ArcelorMittal Europe continues to maintain its leading position in the steel market, as evidenced by the growth in production volumes. The company is also actively investing in the modernization of production and the introduction of low-carbon technologies. An important aspect was the growth of production in blast furnaces, while the reduction in production in electric arc furnaces was due to high electricity prices and changes in the production strategy. In 2024, ArcelorMittal continued to implement its sustainability programs aimed at reducing CO2 emissions and improving steel production efficiency.

As GMK Center reported earlier, 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.