Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 38

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 38
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 Company expects that strategic growth projects and consolidation of AMNS Calvert will contribute towards profitability in the second half of 2025, which will face increased headwinds from U.S. tariffs and impacts of seasonality. The Company also expects cash provided by operating activities to be positive in 2025, supported by a release of working capital in the second half of 2025.

The Company remains positive on the medium/long-term steel demand outlook and believes that it is optimally positioned to execute its strategy of growth with capital returns, and therefore has made no changes to its investment or capital return plans.

All information that is not historical in nature and disclosed under "Business overview", and in particular in this Outlook section, is deemed to be a forward-looking statement. A detailed discussion of principal risks and uncertainties which may cause actual results and events to differ materially from such forward-looking statements is included in the section "Risk factors" of the 2024 Annual Report.

| Interim Management Report |     | 23 |

Key transactions and events

Key transactions and events

During the first half of 2025, ArcelorMittal completed several acquisitions and capital market transactions and launched certain divestment processes. Please refer to notes 3, 5 and 9 to the interim consolidated financial statements for further details.

• On January 6, 2025, ArcelorMittal South Africa announced that the commencement of the Long Steel Business ("Longs Business") wind down implementation plan, which was initially scheduled to start by the end of January 2025, had been delayed by approximately one month. On February 28, 2025, ArcelorMittal South Africa announced that it will fully implement the final wind down of the Longs Business in the second quarter of 2025. On March 31, 2025, ArcelorMittal South Africa informed that the decision to wind down the Longs Business would be deferred for an initial period of 6 months. The deferral of the wind down has been enabled by a facility provided by the Industrial Development Corporation of South Africa SOC Limited ("the IDC facility") in the amount of ZAR 1.7 billion ($95 million). The IDC facility is repayable by agreement between the parties and subject to the financial performance, solvency and liquidity of Longs Business. ArcelorMittal South Africa has also made certain undertakings regarding the continued operation of the Longs Business and retention of jobs for the deferral period. The intervention by Government and the IDC will