Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 135

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 135
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APL/REV                                       |     | f      |
| Mining            |     | Liberia mine             |     | Phase 2: Iron ore expansion to 20 million tonnes per annum;blending a portion of the new concentrate with crushed oreproduct to produce a sinter feed blend (>62% Fe)                                                                                  |     | (first concentrateproduced) full 20million tonnescapacity is expectedby the end of 2025 |     | g      |
| North America     |     | Las Truchas mine(Mexico) |     | Revamping project with 1 million tonnes per year pellet feedcapacity increase (to 2.3 million tonnes per year) with DRIconcentrate grade capability                                                                                                    |     | First half 2026                                                                         |     | h      |

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| Management report |

| India and JVs |     | Hazira           |     | Debottlenecking existing assets; AMNS India medium-termPhase 1 plans are to expand and grow in Hazira toapproximately 15 million tonnes by end of 2026; ongoingdownstream projects; plans for expansion to 24 million tonnesunder preparation by 2030; additional greenfield opportunitiesunder development                         |     | Second half 2026 |     | i |
| North America |     | AM Calvert (USA) |     | Advanced manufacturing facility for non-grain orientedelectrical steel (NOES) with a capacity of up to 150 thousandtonnes per year, essential for EV production and othercommercial/industrial applications. The project consists ofannealing and pickling line (APL), reversing cold mill (RCM)and annealing and varnishing (ACL). |     | Second half 2027 |     | j |

*Ongoing projects refer to projects for which construction has begun (excluding various projects that are under development). a. The Vega Do Sul expansion project targets the growing domestic market with an approximately $0.4 billion investment. It includes an option for a 100,000-tonne organic coating line for construction and appliances. Upon completion, it will strengthen ArcelorMittal’s position in the automotive and industrial markets with AHSS products. The pickling line and tandem cold mill produced their first coil in June 2023, followed by the first continuous annealed commercial coil in June 2024. Coated production (GI) began in July 2024, Magnelis trials in September 2024, and the CGLCAL PAC-Pro