Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 185

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 185
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 2023 declined by 2.9% as compared to the second half of 2022 (mainly impacted by the lower demand in Europe). Average steel selling prices decreased by 7.6% for the year ended December 31, 2024 as compared to the year ended December 31, 2023 in line with international steel selling prices. Average steel selling prices decreased by 7.5% for both first half of 2024 and second half of 2024, compared to first half and second half of 2023, in line with international prices. Average steel selling prices decreased by 13.5% for the year ended December 31, 2023 as compared to the year ended December 31, 2022 in line with international steel selling prices. Average steel selling prices decreased by 14.7% in the first half of 2023, as compared to the first half of 2022, when prices benefited from restocking demand following the outbreak of war in Ukraine. Average steel selling prices decreased by 11.8% in the second half of 2023, as compared to the second half of 2022, in line with international prices. ArcelorMittal's total iron ore production increased by 1.1% to 42.4 million tonnes (including 27.9 million tonnes in the Mining segment) for the year ended December 31 , 2024 as compared to 42.0 million tonnes (including 26.0 million tonnes in the Mining segment) for the year ended December 31, 2023. ArcelorMittal's total iron ore production decreased by 7.9% to 42.0 million tonnes (including 26.0 million tonnes in the Mining segment) for the year ended December 31 , 2023 as compared

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to 45.3 million tonnes (including 28.6 million tonnes in the Mining segment) for the year ended December 31, 2022. Sales ArcelorMittal had sales of $ 62.4 billion for the year ended December 31, 2024, representing an 8.5% decrease from sales of $68.3 billion for the year ended December 31, 2023, primarily due to 7.6% lower average steel selling prices and a 2.4% decline in steel shipments. In the first half of 2024, sales decreased by 12.3% to $