The US remained ArcelorMittal’s top sales market in 2024, while Poland moved up one place to fourth and Italy and the UK were among the few markets to see sales growth.
US sales slipped 5% on-year to $8.44 billion, while number two market Brazil saw sales fall 8% to $7.56 billion and third-largest destination Germany recorded a 12% decline to $5.76 billion, Kallanish notes from ArcelorMittal’s 2024 annual report.
Sales in Poland inched down 0.5% to $4.44 billion but still overtook France whose sales dropped 9% to $4.19 billion.
Of the rare growth areas, Italy sales rose 8% to $2.8 billion and UK sales by 9% to $1.46 billion.
In North America, ArcelorMittal Dofasco’s crude steel output was unchanged on-year in 2024 at 3.1 million tonnes, but ArcelorMittal Mexico production plummeted 34% to 2.5mt. In Brazil, Tubarão output was up 5% to 6.9mt and ArcelorMittal Pecém output surged 20% to 3mt, although this is partly because this figure is counted only from the point Pecém was acquired in March 2023.
In Europe, ArcelorMittal Bremen crude steel production rose 7% in 2024 to 3.1mt after the unit carried out blast furnace maintenance in 2023, which was also the case at ArcelorMittal Belgium whose output surged 21% to 5.2mt.
ArcelorMittal France saw output soar 23% to 4.8mt as its Dunkirk site was hit with a BF fire in 2023. ArcelorMittal Méditerrané output dropped 21% to 1.9mt as BF1 at Fos-sur-Mer remained idled throughout 2024. ArcelorMittal España output rose 13% to 3.6mt after BFA at Gijón was hit by a fire in 2023.
ArcelorMittal Poland meanwhile recorded a respectable 22% rebound in 2024 crude steel production to 3.8mt, following a very weak 2023. The rebound came despite the Krakow unit coke oven battery being permanently closed in July 2024, and coke oven battery 6 at the Zdzieszowice plant being closed in December 2024.
Adam Smith Poland
