Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 81

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 81
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. ArcelorMittal has a high degree of product diversification relative to other steel companies. Its plants manufacture a broad range of finished and semi-finished steel products with different specifications, including many complex and highly technical and sophisticated products that it sells to demanding customers for use in high-end applications. ArcelorMittal’s principal steel products include: • semi-finished flat products such as slabs; • finished flat products such as plates, hot- and cold- rolled coils and sheets, hot-dipped and electro- galvanized coils and sheets, tinplate and color coated coils and sheets; • semi-finished long products such as blooms and billets; • finished long products such as bars, wire-rods, structural sections, rails, sheet piles and wire-products; and • seamless and welded pipes and tubes. ArcelorMittal’s main mining products include iron ore lump, fines, concentrate, pellets and sinter feed. Steel-making process Historically, primary steel producers have been divided into “integrated” and “mini-mill” producers. Over the past few decades, a third type of steel producer has emerged that combines the strengths of both the integrated and the mini-mill processes. These producers are referred to as “integrated mini- mill producers”. Integrated steel-making In integrated steel production, coal is converted to coke in a coke oven, and then combined in a blast furnace with iron ore and fluxes to produce hot metal. This is then combined with scrap in a converter, which is also referred to as basic oxygen furnace ("BOF"), to produce raw or liquid steel. Once produced, the liquid steel is metallurgically refined and then transported to a continuous caster for casting into a slab, bloom or billet or cast directly as ingots. The cast steel is then further shaped or rolled into its final form. Various finishing or coating processes may follow this casting and rolling. Recent modernization efforts by integrated steel producers have focused on cutting costs through eliminating unnecessary production steps, reducing manning levels through automation, and decreasing waste generation. Integrated mills are substantially dependent upon iron ore and coking coal which, due to supply and demand imbalances, shortening of contract durations and the linkage between contract prices and spot prices, have been characterized by price volatility in recent years. Mini-mills A mini-mill employs an electric arc furnace to directly melt scrap and/or scrap substitutes such as direct reduced iron, thus entirely replacing all of the steps up to and including the energy- intensive blast furnace. A mini-mill incorporates the melt shop