Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 4

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 4
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| PCI & coal1               |     |        27.6 |     |                                 — |     | —%                 |
| Coke                      |     |        16.7 |     |                              15.0 |     | 90%                |
| Scrap & DRI               |     |        25.3 |     |                              13.6 |     | 54%                |

1. Includes coal only for the steelmaking process and excludes steam coal for power generation. ArcelorMittal's consumption of PCI and coal was 6.3 million tonnes and 21.3 million tonnes, respectively, for the year ended December 31, 2024. 2. Assumes 100% consumption of ArcelorMittal's iron ore and coal ship ments. The Company has iron ore mining activities in Brazil, Bosnia, Canada, Liberia, Mexico, Ukraine, South Africa and through its joint venture in India and associate in Canada (Baffinland). ArcelorMittal’s main mining products include iron ore lump, fines, concentrate, pellets and sinter feed. In addition, ArcelorMittal produces substantial amounts of DRI, an important metallic feedstock required for the production of highest quality steels through the EAF route, which will grow substantially in the context of decarbonization. As of December 31, 2024, ArcelorMittal’s iron ore reserves (including reserves at mines where ArcelorMittal owns less than 100%, based on ArcelorMittal's ownership percentage even if ArcelorMittal is entitled to mine all the reserves, and including reserves for which use is restricted) were estimated at 3,831 million tonnes run of mine. See “Properties and capital expenditures—Mineral reserves and resources” for a detailed list of the entities with mineral reserves and resources and ownership structure. The Company’s long-life iron ore reserves and resources provide a measure of security of supply and an important natural hedge against raw material volatility and global supply constraints. The seaborne iron ore mining business is managed as a separate segment which enhances ArcelorMittal’s ability to optimize capital allocation. ArcelorMittal’s facilities have good access to shipping facilities, including through ArcelorMittal’s own, or partially owned, 18 deep-water port facilities and linked railway sidings. Market-leading automotive steel business . ArcelorMittal has a leading market share (approximately 16% of the worldwide market) in automotive, and is a leader in the fast-growing advanced high