Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 121

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 121
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eará in northeast Brazil was commissioned in 2016 and acquired by ArcelorMittal in 2023. It uses the integrated steelmaking route to produce slabs and has access via conveyors to the Port of Pecém, a large-scale, deepwater port located 10 kilometers from the plant. ArcelorMittal Brasil’s long products include wire rod and wire, sections, merchant bars, special bars and rebars, for use in civil construction, industrial manufacturing, agricultural and distribution sectors. It produces transformed products including, among others, welded mesh, trusses, annealed wire and nails. It owns upstream and downstream steel facilities in Monlevade, Juiz de Fora, Piracicaba, Barra Mansa and Resende and operates an extensive distribution network across the country selling to retail customers. It owns interests in two subsidiaries, Belgo Bekaert Arames Ltda. ("BBA"), which manufactures wire products for agricultural and industrial end-users, and Belgo- Mineira Bekaert Artefatos de Arame Ltda., which produces steel cords used in the tire industry. ArcelorMittal Brasil also owns forests, and its subsidiary ArcelorMittal Bioflorestas produces charcoal from eucalyptus forestry operations that is used to fuel its furnaces in Juiz de Fora and to exchange for pig iron with local producers. The investment in a new sections mill at Barra Mansa commenced in the first quarter of 2022 and is expected to complete in the second half of 2025. See "—Capital expenditures".

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| Management report |

The upstream expansion project in Monlevade was cancelled in the fourth quarter of 2024 due to the economic situation in Brazil and high steel imports. The Company is currently exploring lower capital intensive options. Acindar Acindar is the largest long steel producer in Argentina. It manufactures and distributes products to meet the needs of the construction, industrial, and agricultural sectors. It produces rebars, square, round, drawn and flat bars, meshes, nails, preassembled and welded cages, structural sections, piles, wire rod and barbed wire. It has an in-house distribution network that serves end-users across Argentina. ArcelorMittal Brasil - Andrade Mine ArcelorMittal Brasil operates the Andrade iron ore mine located approximately 80 kilometers east of Belo Horizonte in the Minas Gerais State of Brazil. In addition to the open pit mine, ArcelorMittal operates a crushing, screening