Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 13

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 13
---
 Freight ("CIF") China for the first half of 2025 as compared to an average of $5.38 /dmtu for the first half of 2024. The average price of high carbon ferro manganese in the first half of 2025 was $1,224/t, lower compared to $1,248/t in the first half of 2024. The average price of silicon manganese in the first half of 2025 was $1,283/t, lower compared to $1,319/t in the first half of 2024. The average price of medium carbon ferro manganese in the first half of 2025 was $1,816/t, higher compared to $1,694/t during the first half of 2024. Base metals The base metals used by ArcelorMittal are zinc, tin and aluminum for coating and deoxidization of liquid steel and nickel for producing stainless or special steels. ArcelorMittal partially hedges its exposure to its base metal inputs in accordance with its risk management policies. The average price of zinc in the first half of 2025 was $2,739/t, representing a 3.7% increase compared to the average price in the first half of 2024 of $2,641/t. The average price of tin in the first half of 2025 was $32,116/t, representing a 9.5% increase compared to the first half 2024 average of $29,340/t. The average price of Primary Aluminum (LME Cash Settlement) in the first half of 2025 was $2,539/t, representing a 7.6%

| Interim Management Report |     | 9 |

Business overview continued

increase as compared to the average price in the first half of 2024 of $2,360/t. The average price of nickel in the first half of 2025 was $15,371/t, representing a 12.1% decrease compared to the first half of 2024 average of $17,495/t. Energy market and CO 2 Solid fuels, electricity and natural gas are some of the primary energy inputs for a steelmaker. ArcelorMittal is exposed to price volatility in each of these energy types with respect to its purchases in the spot market and under its long-term supply contracts. Oil Brent crude oil price averaged $70.84 per barrel ("/bbl") in the first half of 2025, a $12.55/bbl