Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 86

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 86
---
 Mining products ArcelorMittal’s mining products correspond to iron ore which is also one of the main raw materials for steel operations. ArcelorMittal’s mining and raw materials supply strategy consists of: • Acquiring and expanding production of raw materials, in particular iron ore but as well some other specific products crucial to the Company's steel operations such as refractory and lime (in partnership with companies who are leaders in these domains), while keeping the cost under control; • Exploiting its global purchasing reach, pursuing the lowest unit price available based on the principles of total cost of ownership and value-in-use through aggregated purchasing, supply chain and consumption optimization; and • Leveraging local and low cost advantages on a global scale. ArcelorMittal’s priority is to optimize output and production from its existing sources focused mainly on iron ore. ArcelorMittal believes that its portfolio of mining assets and long- term supply contracts (see below "—Raw materials and energy") can play an important role in preventing disruptions in the production process. (see “Operating and financial review— Key factors affecting results of operations—Raw materials”). ArcelorMittal sources significant portions of its iron ore needs from its own mines in Ukraine, Bosnia, Canada, Mexico, Liberia and Brazil. Several of ArcelorMittal’s steel plants also have in place off-take arrangements with suppliers located near its production facilities.

45

| Management report |

For further information on Mining segment iron ore production, see “Operating and financial review—Operating results”. For further information on each of ArcelorMittal’s principal iron ore mining operations including total mining production of iron ore and coal, see “Properties and capital expenditures—Property, plant and equipment” and "Properties and capital expenditures —Property, plant and equipment— Mineral reserves and resources". Markets As shown by the following graph, ArcelorMittal has a diversified portfolio of steel a nd mining products to meet a wide range of customer needs across many steel-consuming sectors, including automotive, appliance, engineering, construction, energy and machinery and via distributors. * Other steel sales mainly represent metal processing, machinery, electrical equipment and domestic appliances **Other sales mainly represent mining, chemicals & water, slag, waste, sale of energy and shipping For the construction market, which represented 20% of the Company's revenue in 2024, ArcelorMittal offers the most complete range of grades and specifications of structural steel, façade, ceiling and floor systems, sheet piles solutions for foundations and underground car park systems, steel plumbing solutions and a complete