Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 3

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 3
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 Europe and approximately 9% was produced in other countries, such as South Africa and Ukraine . In addition, ArcelorMittal’s sales of steel products are spread over both developed and developing markets, which have different consumption characteristics. ArcelorMittal’s mining operations, including captive mines are present in North America, South America, Africa and Europe. Captive mines are integrated into the Company's global steel-making facilities. Competitive strengths The Company believes that the following factors contribute to ArcelorMittal’s success in the global steel and mining industry: Market leader in steel. ArcelorMittal had annual achievable production capacity of approximately 76.7 millio n tonnes of

4

| Management report |

crude steel for the year ended December 31, 2024. Steel shipments for the year ended December 31, 2024 totaled 54.3 million tonnes . ArcelorMittal has significant operations in many countries which are described in "Properties and capital expenditures". In addition, many of ArcelorMittal’s operating units including through its joint ventures have access to developing markets that are expected to experience, over time, above-average growth in steel consumption (such as Central and Eastern Europe, South America, India, Africa and Southeast Asia). The Company sells its products in local markets and through a centralized marketing organization to customers in approximately 129 countries. ArcelorMittal’s diversified product offering, together with its distribution network and research and development (“R&D”) programs, enable it to build strong relationships with customers, which include many of the world’s major automobile and appliance manufacturers. The Company is a strategic partner to many major original equipment manufacturers (“OEMs”) and has the capability to build long- term contractual relationships with them based on early vendor involvement, contributions to global OEM platforms and common value-creation program s. A world-class mining business. ArcelorMittal has a global portfolio of 9 operating units with mines in operation and development and is among the largest iron ore producers in the world . In 2024 , ArcelorMittal sourced a large portion of its raw materials from its own mines and facilities including leases. The table below reflects ArcelorMittal's self-sufficiency through its mining operations in 2024 .

| Millions of metric tonnes |     | Consumption |     | Sourced fromown mines/facilities2 |     | Self-sufficiency % |
| Iron ore                  |     |        71.1 |     |                              40.9 |     | 58%                |