ArcelorMittal

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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

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

Production in blast furnaces increased by 10.8% y/y, while electric arc furnaces decreased by 1.8% y/y

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ArcelorMittal to start maintenance at two plants in France

The company will temporarily suspend part of its production

economedia.ro
ArcelorMittal South Africa to shut down operations in South Africa in Q2

Negotiations with the government were unsuccessful, and the business environment deteriorated

economedia.ro
ArcelorMittal invests $1.2 billion in construction of a plant in Alabama

The company will produce non-grained electrical steel

ArcelorMittal Hunedoara temporarily suspends operations due to economic difficulties

The company announced a suspension of operations until the end of March due to high electricity prices

economedia.ro
ArcelorMittal considers transferring some European business processes to India

The company is looking for ways to reduce pressure in the EU by maintaining production but optimizing business processes

economedia.ro
ArcelorMittal announces new investments in Tubarão, Brazil

The amount of investment will be up to $696 million, and the project is undergoing internal approval procedures within the group

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ArcelorMittal calls on the EU to increase support for green investments

European steelmakers are under considerable pressure, said the company's CFO

economedia.ro
ArcelorMittal received $2.33 billion in net profit in 2024

The company's revenue for the period amounted to $62.44 billion

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