Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 226

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 226
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 to AluSi® in ArcelorMittal Dofasco (completed in the second and third quarter of 2022 respectively). Net cash provided by other investing activities for the year ended December 31, 2022 included $1.0 billion cash outflow in connection with several acquisitions, including mainly an 80% interest in voestalpine’s world-class Hot Briquetted Iron ("HBI") plant located in Corpus Christi, Texas ($ 805 million net of cash acquired of $ 12 million), the UK based scrap recycling business John Lawrie Metals Limited ($ 43 million net of cash acquired of $ 5 million), Architectural Steel Limited, a UK based manufacturer of bespoke metal fabrications and flashings for building envelopes ($ 39 million net of cash acquired of $ 6 million) and three companies (ALBA Metall Süd Rhein-Main GmbH, ALBA Electronics Recycling GmbH and ALBA Metall Süd Franken GmbH) active in ferrous and non-ferrous metal recycling in Germany ($ 45 million net of cash acquired of $ 9 million). Net cash used in other investing activities for the year ended December 31, 2022 included also $25 million investment in nuclear innovation company TerraPower and $17.5 million in

118

| Management report |

Form Energy Inc. through the Company's XCarb® Innovation Fund. Net cash used in financing activities Net cash used in financing activities was $0.7 billion for the year ended December 31, 2024 , as compared to $3.7 billion for the year ended December 31, 2023 . In 2024, n et cash used in financing activities included primarily $ 1,038 million net inflow (from the issuance of €500 million Fixed Rate Notes due 2028 and €500 million Fixed Rate Notes due 2031) and $987 million net inflow from the issuance of $500 million Fixed Rate Notes due 2034 and $500 million Fixed Rate Notes due 2054. It included also the repayment at maturity of the Company's € 1.0 billion Fixed Rate Notes due 2024 for the outstanding amount of $579 million (€529 million). In addition, n et cash used in financing activities for the year ended December 31, 2024 included $1,300 million outflow relating to share buybacks, $580 million in dividend payments (see below) and $ 203 million for lease payments, partly offset by $172 million