Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 199

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 199
---
 shipments were 27.6 million tonnes for the year ended December 31, 2023, representing a 7.2% decrease from steel shipments of 29.7 million tonnes for the year ended December 31, 2022, primarily due to lower production as discussed above and weaker demand (including weaker construction-related demand). Steel shipments decreased 8.4% to 14.7 million tonnes in the first half of 2023, from 16.1 million tonnes in the first half of 2022 mainly due to lower production as discussed above and weaker demand. Steel shipments decreased 5.8% in the second half of 2023 compared to the second half of 2022, primarily due to curtailed production in light of continued weak apparent demand driven by destocking and construction-related demand. Average steel selling prices decreased 8.5% for the year ended December 31, 2024 as compared to the year ended December 31, 2023. Average steel selling prices decreased 8.7% in the first half of 2024 as compared to the first half of 2023 and by 11.4% during the second half of 2024 as compared to the second half of 2023, in line with the trend in market prices. Average steel selling prices decreased 14.0% for the year ended December 31, 2023 as compared to the year ended December 31, 2022. Average steel selling prices decreased 15.9% in the first half of 2023 as compared to the first half of 2022 in line with the trend in market prices. Average steel selling prices decreased by 11.2% during the second half of 2023 as compared to the second half of 2022, in line with the trend in market prices. Sales Sales in the Europe segment were $ 30.0 billion for the year ended December 31, 2024, representing a 5.5% decrease as compared to sales of $31.7 billion for the year ended December 31, 2023, primarily due to a 8.5% decrease in average steel selling prices offset in part by 4.0% higher steel shipments. In the first half of 2024, sales decreased 11.8% to $ 15.7 billion as compared to $ 17.8 billion in the first half of 2023, primarily due to a 8.7% decrease in