In January-March 2025, the global steel company ArcelorMittal increased its steel production by 2.8% compared to the same period in 2024, to 14.8 million tons. Compared to the previous quarter, the figure increased by 5.7%. This is stated in the quarterly report published on the company’s website.

Iron ore production for the period increased by 15.7% y/y, but decreased by 6.3% q/q – to 11.8 million tons. Steel shipments to customers in the period amounted to 13.6 million tonnes (+0.7% y/y and q/q), and iron ore shipments (AMMC and Liberia only) amounted to 8 million tonnes (+27% y/y; +5.3% q/q).

“We continue to steadily implement our growth strategy, and the first quarter results are another confirmation of this. I would like to emphasize the record volumes of iron ore production and shipments in Liberia. Overall, despite the geopolitical challenges, we have maintained a strong performance,” said Aditya Mittal, CEO of ArcelorMittal.

At the same time, he said, the short-term outlook remains uncertain due to the volatility in global trade, which is holding back business confidence. The support of governments for the steel industry is a positive signal: in the US, Section 232 duties are driving up prices, and in Europe, the adoption of the Steel Action Plan is an important step towards protecting strategically important industries.

“The swift implementation of this plan will help restore competitiveness to the European steel industry and secure further investment,” Aditya Mittal concluded.

As GMK Center reported earlier, ArcelorMittal reduced steel production by 0.3% year-on-year – to 57.9 million tons in 2024. Iron ore production in the period increased by 0.9% y/y – to 42.4 million tons. Steel shipments to customers in the period amounted to 54.3 million tonnes (-2.3% y/y), and iron ore (only for AMMC and Liberia) – 26.4 million tonnes (+0% y/y).

ArcelorMittal is a leading global steel and mining company with operations in 60 countries and production assets in 18 countries.

Source: https://gmk.center/