Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 89

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 89
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: Enamelling steels for ovens, cookers and hoods • Magnelis®: 'Self-healing' steel useful for parts that are exposed to moisture and movement • Jetskin®: Homogeneous metallic steel coating applied with a pioneering technique and offering outstanding corrosion protection Raw materials and energy Iron ore ArcelorMittal is a party to contracts with other mining companies that provide long-term, stable sources of raw materials. The Company extended its multi-year iron ore supply contracts with Vale in 2024 to cover its requirements for the EU units, worldwide direct reduction units and for its Tubarão steel mill (ArcelorMittal Pecém, ArcelorMittal Brasil, being covered by a specific long-term agreement). ArcelorMittal's principal international iron ore suppliers include Vale in Brazil, Luossavaara-Kirunavaara AB in Sweden, Baffinland Iron Mines Corporation ("BIM") in Canada, IOC (Rio Tinto Ltd.) in Canada, Samarco in Brazil, Anglo-American (Minas Rio in Brazil), and Metinvest in Ukraine. Coal ArcelorMittal’s principal coal suppliers include the BHP Billiton Mitsubishi Alliance (“BMA”), Anglo Coal, Peabody, Glencore in Australia, Contura and Warrior in the United States, Teck Coal in Canada, and JSW in Poland. Metallics (scrap) ArcelorMittal procures the majority of its scrap requirements locally and regionally, optimizing transport costs. Typically, scrap purchases are made in the spot market on a monthly/weekly basis or with short-term contracts. Alloys ArcelorMittal purchases its requirements of bulk and noble alloys from a number of global, regional and local suppliers on contracts that are linked to generally-accepted indices or negotiated on a quarterly basis. Base metals The majority of the Company’s base metal needs, including zinc, tin, aluminum and nickel are purchased under annual volume contracts. Pricing is based on the market-accepted indices. Material is sourced from both local and global producers.

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| Management report |

Electricity ArcelorMittal generally procures its electricity through tariff- based systems in regulated areas such as parts of the United States and South Africa, through direct access to markets in most of its European mills or through bilateral contracts elsewhere. The duration of these contracts varies significantly depending on the area and type of arrangement. For integrated steel mills, plant off-gases from various process steps are utilized to generate a significant portion of the plant’s electricity requirements and lower the purchase volumes