Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 41

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 41
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 However, after a thorough strategic review, the Company concluded that a sale is the best solution for the development of the business and its people. Under the terms of the transaction, ArcelorMittal’s shares in ArcelorMittal Zenica and ArcelorMittal Prijedor will be sold to Pavgord Group, and all employees’ jobs are transferred to the new owner. Net of sale proceeds, the Company expects to record a non-cash loss on disposal of approximately $0.2 billion (including foreign exchange losses recorded in equity since the date of acquisition). The deal is expected to close in the third quarter of 2025, subject to merger control clearance and the fulfillment of all conditions precedent. Until then, all operations of the company will continue as usual, with the full support of the local management team and the company leadership team.

| Interim Management Report |     | 25 |

Sustainable development highlights

Sustainable development highlights

• On June 19, 2025, ArcelorMittal announced that it cannot proceed with its previously announced direct rediced iron ("DRI") and electric arc furnace ("EAF") plans for the decarbonization of its flat steelmaking sites in Bremen and Eisenhüttenstadt. As the contract with the Federal government of Germany, for EUR 1.3 billion of financial assistance required construction on the DRI-EAF project to commence by June 2025, the Company has been obliged to formally notify the government that it cannot proceed with these investments, given the realities of the market and the economics of low-carbon emissions steelmaking. In line with the Company’s intention to take a phased approach to its decarbonization in Europe, the next step in Bremen and Eisenhüttenstadt will focus on detailed planning for the construction of EAFs, to be ready for a scenario in which there is a strong business case for EAF-based production in these sites.

• On May 15, 2025, ArcelorMittal confirmed its intention to invest €1.2 billion in in a first electric arc furnace in Dunkirk to decarbonize. This, together with the recent investments announced (€254 million in Dunkirk and €53 million in Fos) and the new electric steels production unit under construction in Mardyck, which is set to complete by end of this year (€500 million investment), totals €2 billion of investment and demonstrates ArcelorMittal’s intention to maintain a thriving and sustainable steel-making business in France.