Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 191

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 191
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 second half of 2023, in line with the trend in market prices. Average steel selling prices in North America segment decreased 15.7% for the year ended December 31, 2023 as compared to the year ended December 31, 2022. In the first half of 2023, average steel selling prices were 20.2% lower than in the first half of 2022, in line with the trend in market prices. Average steel selling prices in the second half of 2023 were 10.0% lower as compared to the second half of 2022, in line with the trend in market prices. Sales Sales in the North America segment were $ 11.9 billion for the year ended December 31, 2024, representing a 8.3% decrease as compared to the year ended December 31, 2023. Sales in the North America segment decreased 4.9% to $ 6.5 billion for the first half of 2024 as compared to $ 6.8 billion for the first half of 2023, mainly due to 3.4% lower steel shipments and 1.0% lower steel average steel selling prices. Sales in the North America segment decreased by 12.1% in the second half of 2024 as compared to the second half of 2023, mainly due to 6.2% lower steel shipments and 7.1% lower average steel selling prices. Shipments in both first and second half of the year ended December 31, 2024 were impacted by the illegal blockade as discussed above. Sales in the North America segment were $ 13.0 billion for the year ended December 31, 2023, representing a 5.8% decrease as compared to the year ended December 31, 2022. Sales in the North America segment decreased 7.6% to $6.8 billion for the first half of 2023 as compared to $ 7.4 billion for the first half of 2022, mainly due to 20.2% lower average steel selling prices, offset in part by 10.9% higher steel shipment volumes and the impact of consolidation of ArcelorMittal Texas HBI. Sales in the North America segment in the second half of 2023 decreased by 3.6% as compared to the second half of 2022, mainly due to 10.0% lower average steel selling prices,