Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 189

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 189
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. These shipments, which vary between periods due to slab sourcing mix and timing of vessels in a period, amounted to 1, 8 67 ,000 tonnes , 1,660,000 tonnes and 1,173,000 tonnes in 2024, 2023 and 2022, respectively. Crude steel production, steel shipments and average steel selling price Crude steel production for the North America segment decreased by 13.6% to 7.5 million tonnes for the year ended December 31, 2024 as compared to 8.7 million tonnes for the year ended December 31, 2023. Crude steel production in the North America segment decreased 9.4% to 4.0 million tonnes in the first half of 2024 as compared to 4.4 million tonnes for the first half of 2023 and decreased 17.9% to 3.5 million tonnes in the second half of 2024 as compared to 4.3 million tonnes in the second half of 2023. This resulted mainly from the illegal blockade of Mexico's steel plant in Lazaro Cardenas and mine located in the Tenencia La Mira in the state of Michoacán by a group of workers due to their dissatisfaction with the distribution of profit sharing by the Company during the second and third quarters of 2024. In order to maintain safety within and outside the plant, the Company halted the steel and mining operations, and undertook mitigation actions to continue to serve customers . The estimated impact was approximately 800,000 tonnes of foregone steel production and lost operating income of $0.2 billion (including increased costs due to the actions mentioned above). On July 19, 2024, the Company announced that it approved a new settlement with unions with an agreement to end the strike and blockade leading to a gradual restart of crude steel production, which continued to normalize during the fourth quarter of 2024 and is expected to fully recover in the first quarter of 2025. Crude steel production for the North America segment increased 5.5% to 8.7 million tonnes for the year ended December 31, 2023 as compared to 8.3 million tonnes for the year ended December 31, 2022. Crude steel production increased 7.3% to 4.4 million tonnes in the first half of 2023 as compared to 4.1 million tonnes the first half of 2022, which