Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 472

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 472
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 resolved and had a financial impact in 2023 or 2022, in each case involving amounts deemed material by ArcelorMittal. The Company is vigorously defending against each of the pending claims discussed below. Brazil In September 2000, two construction trade organizations filed a complaint with Brazil’s Administrative Council for Economic Defense (“CADE”) against three long steel producers, including ArcelorMittal Brasil. The complaint alleged that these producers colluded to raise prices in the Brazilian rebar market, thereby violating applicable antitrust laws. In September 2005, CADE issued its final decision against ArcelorMittal Brasil, imposing a fine of 71 . ArcelorMittal Brasil appealed the decision issued against it. On December 30, 2024, CADE and ArcelorMittal

295

| Consolidated financial statements                          |
| (millions of U.S. dollar, except share and per share data) |

Brasil signed a settlement agreement in the context of the “Desenrola Program” launched by the Federal Government. ArcelorMittal Brasil paid 17 to the Federal Government and filed a petition asking for the extinction of the annulment proceedings, conditioned on the approval of the transaction. Therefore, the actual amount in dispute is nil as of December 31, 2024. There is also a related class action commenced by the Federal Public Prosecutor of the state of Minas Gerais against ArcelorMittal Brasil for damages in an amount of 70 based on the alleged violations investigated by CADE. The injunction requested by the Federal Prosecution Office was denied. The case is awaiting judgement. A further related lawsuit was commenced in February 2011 by four units of Sinduscons, a civil construction trade organization, in federal court in Brasilia against, inter alia , ArcelorMittal Brasil claiming damages based on an alleged cartel in the rebar market as investigated by CADE and as noted above. The case is awaiting judgement. Other Legal Claims ArcelorMittal is a party to various other legal claims. As of December 31, 2024 , ArcelorMittal had recorded provisions of 226 for other legal claims in respect of which it considers the risk of loss to be probable. Set out below is a summary description of the other legal claims (i) in respect of which ArcelorMittal had recorded a provision as of December 31, 2024 , (ii) that constitute a contingent liability, (iii) that were resolved in 2024, or (iv