Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 194

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 194
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 31, 2022 primarily due to the consolidation of ArcelorMittal Pecém from March 9, 2023. On a scope adjusted basis excluding the impact of ArcelorMittal Pecém, crude steel production was 3.6% lower in 2023 compared to 2022, primarily due to lower demand. Crude steel production in the Brazil segment increased 10.8% to 6.8 million tonnes in the first half of 2023 as compared to 6.1 million tonnes for the first half of 2022, primarily due to the consolidation of ArcelorMittal Pecém from March 9, 2023. On a scope adjusted basis excluding the impact of ArcelorMittal Pecém, crude steel production for the first half of 2023 was 5.3% lower as compared to the first half of 2022, due to lower demand including exports (in particular in the first quarter of 2023). Crude steel production in the Brazil segment increased 25.2% to 7.2 million tonnes for the second half of 2023 as compared to 5.8 million tonnes for the second half of 2022, primarily due to the consolidation of ArcelorMittal Pecém (as discussed above) . On a scope adjusted basis excluding the impact of ArcelorMittal Pecém, crude steel production for the second half of 2023 was 1.7% lower as compared to the second half of 2022, primarily due to lower demand in Argentina. Steel shipments increased 2.9% to 14.1 million tonnes for the year ended December 31, 2024 as compared to 13.7 million tonnes for the year ended December 31, 2023. On a scope adjusted basis excluding the impact of ArcelorMittal Pecém, steel shipments remained stable at 11.2 million tonnes in 2024 as compared to 2023. Steel shipments increased 4.6% to 6.8 million tonnes in the first half of 2024 as compared to 6.5 million tonnes for the first half of 2023, primarily due to the impact of ArcelorMittal Pecém. S teel shipments in the second half of 2024 increased 1.5% as compared to the second half of 2023. Steel shipments increased 18.8% to 13.7 million tonnes for the year