Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 193

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 193
---
 |                                       -361 |     |   -341 |     |   -246 |
| Operating income                           |                                      1,399 |     |  1,461 |     |  2,775 |
| Crude steel production(thousand tonnes)    |                                     14,540 |     | 13,986 |     | 11,877 |
| Flat product shipments                     |                                      9,409 |     |  8,833 |     |  6,423 |
| Long product shipments                     |                                      4,732 |     |  4,905 |     |  5,179 |
| Others and eliminations                    |                                        -59 |     |    -57 |     |    -86 |
| Total steel shipments (thousandtonnes)     |                                     14,082 |     | 13,681 |     | 11,516 |
| Average steel selling price(USD/tonne)     |                                        816 |     |    939 |     |  1,114 |

Crude steel production, steel shipments and average steel selling price Crude steel production for the Brazil segment increased 4.0% to 14.5 million tonnes for the year ended December 31, 2024 as compared to 14.0 million tonnes for the year ended December

105

| Management report |

31, 2023 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 remained stable at 11.5 million tonnes in 2024 as compared to 2023. Crude steel production in the Brazil segment increased 5.7% to 7.2 million tonnes in the first half of 2024 as compared to 6.8 million tonnes for the first half of 2023, including the impact of the consolidation of ArcelorMittal Pecém from March 9, 2023. Crude steel production in the Brazil segment increased 2.3% to 7.4 million tonnes for the second half of 2024 as compared to 7.2 million tonnes for the second half of 2023. Crude steel production for the Brazil segment increased 17.8% to 14.0 million tonnes for the year ended December 31, 2023 as compared to 11.9 million tonnes for the year ended December