Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 184

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 184
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sold on December 7, 2023), steel shipments in 2024 were 1.7% higher as compared to 2023. ArcelorMittal steel shipments remained relatively stable at 55.6 million tonnes for the year ended December 31, 2023 as compared to steel shipments of 55.9 million tonnes for the year ended December 31, 2022. On a comparable basis, excluding the shipments from ArcelorMittal Pecém (consolidated from March 9, 2023) and ArcelorMittal's Kazakhstan operations (sold on December 7, 2023), steel shipments in 2023 were impacted by production cuts and outages during the year in Europe, offset in part by improved North America volumes, and declined by 4.5% as compared to 2022. Steel shipments decreased 4.6% to 27.3 million tonnes for the first half of 2024, as compared to 28.7 million tonnes for the first half of 2023. On a scope adjusted basis (i.e. excluding ArcelorMittal's Kazakhstan operations and ArcelorMittal Pecém), steel shipments in the first half of 2024 decreased by 1.1% as compared to the first half of 2023. Steel shipments remained stable at 26.9 million tonnes in the second half of 2024 compared to 27.0 million tonnes in the second half of 2023, and increased 4.6% on a scope adjusted basis excluding Kazakhstan operations. Steel shipments decreased 3.6% to 28.7 million tonnes in the first half of 2023 as compared to 29.7 million tonnes for the first half of 2022. Excluding the shipments of ArcelorMittal Pecém (consolidated from March 9, 2023), steel shipments in the first half of 2023 declined by 6.8% as compared to the first half of 2022 (impacted by outages in Europe and lower demand in Brazil, including exports). Steel shipments increased 2.9% to 27.0 million tonnes in the second half of 2023 compared to 26.2 million tonnes in the second half of 2022, mainly due to the shipments of ArcelorMittal Pecém and improved shipments from North America segment. Excluding the shipments from ArcelorMittal Pecém, steel shipments in the second half of