Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 190

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 190
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 was impacted by labor actions in Mexico and in Long Products Canada and maintenance in Canada. Crude steel production increased 3.8% to 4.3 million tonnes in the second half of 2023 as compared to 4.1 million tonnes in the second half of 2022, which was impacted by planned maintenance. Steel shipments in the North America segment decreased by 4.7% for the year ended December 31, 2024 to 10.1 million tonnes as compared to the 10.6 million tonnes for the year ended December 31, 2023 primarily driven by the illegal blockade at the Company's Mexican operations, which impacted both the first and second halves of 2024. Steel shipments decreased 3.4% to 5.3 million tonnes for the first half of 2024, from 5.4 million tonnes for the first half of 2023. Steel shipments decreased by 6.2% to 4.8 million tonnes in the second half of 2024, as compared to the 5.1 million tonnes in the second half of 2023.

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| Management report |

Steel shipments in the North America segment increased by 10.2% for the year ended December 31, 2023 to 10.6 million tonnes as compared to the 9.6 million tonnes for the year ended December 31, 2022. Steel shipments increased 10.9% to 5.4 million tonnes for the first half of 2023, from 4.9 million tonnes for the first half of 2022 primarily due to higher slab shipments sourced from the Brazil segment for Calvert and higher steel shipments in Mexico. Steel shipments increased by 9.4% to 5.1 million tonnes in the second half of 2023, as compared to the 4.7 million tonnes in the second half of 2022, primarily due to the higher slab shipments sourced from Brazil and sold to the Calvert joint venture, and higher steel shipments in Mexico. Average steel selling prices in North America segment decreased 3.9% for the year ended December 31, 2024 as compared to the year ended December 31, 2023. In the first half of 2024, average steel selling prices decreased marginally by 1.0% , compared to the first half of 2023, and 7.1% lower in the second half of 2024, as compared to the