Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 204

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 204
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 |  4.4 |
| Total iron oreproduction                 |      |                       |                                    |                           27.9 | 26.0 | 28.6 |

1. Total of all finished production of fines, concentrate, pellets and lumps. Production The Mining segment had iron ore production of 27.9 million tonnes for the year ended December 31, 2024, a 7.7% increase compared to the year ended December 31, 2023. Iron ore production for the Mining segment decreased 5.3% to 12.4 million tonnes for the first half of 2024 compared to 13.1 million tonnes in the first half of 2023. Iron ore production was impacted by rail disruption at AMMC following wildfires in the Port Cartier region during the last few weeks of June 2024 and unplanned maintenance. Production at ArcelorMittal Liberia was impacted by rail accidents in the fourth quarter of 2023 and in the first quarter of 2024. Iron ore production increased 20.8% in the second half of 2024 compared to the second half of 2023 primarily due to improved performance at AMMC, and Liberia where rail operations had been severely impacted in the second half of 2023 due to damages to a rail bridge. The Mining segment had iron ore production of 26.0 million tonnes for the year ended December 31, 2023, a 9.1% decrease compared to the year ended December 31, 2022. Iron ore production of 13.1 million tonnes decreased 7.9% for the first half of 2023 compared to 14.2 million tonnes in the first half of 2022 reflecting primarily lower iron ore production in AMMC due to unplanned maintenance. Iron ore production decreased 10.6% in the second half of 2023 compared to the second half of 2022 primarily due to lower production in Liberia where the rail operations were severely impacted by damages to a rail bridge in early November 2023. Sales Sales in the Mining segment were $ 2.7 billion for the year ended December 31, 2024, representing a 13.5% decrease as compared to $3.1 billion for the year ended December 31, 2023, driven by 8.3% lower iron ore reference prices. Sales in the first half of 2024 decreased 13.5% to $ 1.4 billion compared