Overview
ArcelorMittal is a Luxembourg-headquartered integrated steel and mining company and one of the world’s leading steel producers. It is the largest steel producer in Europe, among the largest in the Americas, and also has a growing presence in Asia through its AMNS India joint venture [1]. The company makes a broad range of finished and semi-finished steel products for industrial end markets, while its mining business provides iron ore to its own steel operations and also sells mineral products to third parties [2][3]. Its production footprint includes North and South America, Europe, South Africa, India and China, supported by sales and service offices worldwide [4].
ArcelorMittal states that its purpose is “Smarter steels for people and planet,” reflecting a focus on using its geographic reach and R&D capabilities to meet customer and stakeholder needs with more advanced steel products [5][6]. In 2024, the company reported sales of US$62.4 billion and employed approximately 125,416 full-time-equivalent employees directly [7][8]. ArcelorMittal also says it has a presence in 60 countries and primary steelmaking facilities in 16 countries, underscoring its global scale [9]. [1][2][3][4][5][7][8][6][9]
Products & services
ArcelorMittal’s product portfolio is led by flat steel, alongside long and tubular products. Its flat-product range includes semi-finished slabs and finished plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color-coated coils and sheets.[10][11] In 2024, flat products accounted for 56.7% of external sales, compared with 21.4% for long products and 2.8% for tubular products.[12] Hot-rolled sheet is typically produced at 2 mm to 25 mm thickness, with thin-slab casting and rolling able to produce sheet below 1 mm; cold-rolled sheet is further pickled, rolled and annealed to improve gauge control, uniformity, ductility and formability; and coated sheet uses zinc, aluminum or combined metallic coatings to improve corrosion resistance and paintability.[13][14][15][16]
Within automotive and mobility, which represented 17% of company revenue in 2024, ArcelorMittal offers a broad flat-steel lineup including drawing steels for deep and extra-deep drawing; high-yield and high-strength grades such as HSLA, bake-hardening, interstitial-free and solid-solution steels; first-generation AHSS including dual-phase, TRIP, complex-phase and hot-rolled ferrite-bainite steels; third-generation AHSS such as the Fortiform® ultra-high-strength family plus DH and CH grades for safety parts; martensitic steels; and press-hardenable steels including Usibor® and Ductibor® for hot stamping.[17][18][19][20][21][22][23] Its automotive coating portfolio includes Alusi®, Extragal®, Ultragal®, Galvannealed, Zagnelis® Protect, Zagnelis® Surface, Galfan, Electrogalvanised and Jetgal®.[24]
Other specialized products include electrical steels, packaging steels, wire rod, sheet piles and tube products. The electrical-steel range includes non-grain-oriented fully processed and semi-processed steels for motors, generators, alternators, ballasts, small transformers and other electromagnetic uses, including thin-gauge material for high-frequency applications.[25] Packaging steels include tin-plated or chromium-plated steel with multiple mechanical-property and coating options, while tinplate is a light-gauge, low-carbon product usually 0.14 mm to 0.84 mm thick for food and general line containers.[26][27] In long products, wire rod is supplied in 5.5 mm to 42 mm diameters, and special bar quality steel is aimed at safety-critical engineered applications such as axles, crankshafts, transmission gears, bearings and seamless tubes.[28][29] Seamless tubes are produced by piercing solid steel cylinders and are offered in outer dimensions of about 25 mm to 508 mm, while welded pipes and tubes are made from steel sheet formed into a cylinder and welded longitudinally or helically.[30][31][32] ArcelorMittal also supplies hot-rolled steel sheet piles for permanent and temporary civil-engineering structures such as quay walls, jetties, dams, bridge abutments and cofferdams.[33] [10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33]
Geographic presence
ArcelorMittal has steelmaking and mining operations across North and South America, Europe, Asia and Africa, with steelmaking operations in 15 countries and 36 integrated and mini-mill facilities as of year-end 2024 [34][35]. Its principal operating geographies are organized around North America, Brazil, Europe, India and JVs, Mining, Sustainable Solutions and Other operations; key countries listed for operating subsidiaries include Canada, Mexico and the United States in North America; Brazil and Argentina in South America; France, Belgium, Spain, Luxembourg, Poland and Germany in Europe; mining in Canada and Liberia; and other operations in Ukraine and South Africa [36]. In production terms, about 53% of 2024 crude steel output came from Europe, 38% from the Americas, and 9% from other countries including South Africa and Ukraine [37].
By sales destination in 2024, Europe was the largest market at $32.8 billion, or about 52% of group sales, followed by the Americas at $24.3 billion, or about 39%, and Asia and Africa at $5.4 billion, or about 9%, out of total group sales of $62.4 billion [38]. The largest disclosed country markets included the United States ($8.4 billion), Brazil ($7.6 billion), Canada ($3.4 billion), Mexico ($2.8 billion), Germany ($5.8 billion), Poland ($4.4 billion), France ($4.2 billion), Spain ($3.8 billion), South Africa ($1.8 billion) and Morocco ($0.8 billion) [38]. Luxembourg, the company’s country of domicile, accounted for $108 million of external revenue in 2024 [39].
ArcelorMittal’s registered office is in Luxembourg City, and it states that it has no branch offices [40][41]. Total employment was approximately 125,416 at year-end 2024; by segment/geographic area this included 48,544 in Europe, 22,624 in Brazil, 13,861 in North America, 4,758 in Mining and 22,786 in Other operations [8][42]. [34][35][36][37][38][39][40][41][8][42]
Business segments
ArcelorMittal revised its official segment reporting effective 1 January 2024. The current reportable segments are North America, Brazil, Europe, India and JVs, Sustainable Solutions, and Mining; the company states that India and JVs was introduced as a new segment, Sustainable Solutions was carved out of Europe, NAFTA was renamed North America, and the remaining parts of the former ACIS segment were moved to Others. The chief operating decision-maker evaluates India and JVs using income from investments in associates, joint ventures and other investments, while the other operating segments are assessed primarily on operating income.[43][44][45]
In the current structure, North America covers flat, long and tubular facilities in Canada, Mexico and the United States, with captive iron ore mining in Mexico.[46] Brazil includes flat operations in Brazil plus long and tubular operations in Brazil and neighboring countries including Argentina, Costa Rica and Venezuela, supported by captive iron ore mines in Brazil.[47] Europe is the company’s broad European steel platform across integrated, mini-mill and downstream sites producing flat, long, rail, wire rod, plate, bar, sheet pile and section products.[48] Sustainable Solutions groups niche, lower-capital businesses such as construction solutions, projects, Industeel, renewables, metallics/scrap recycling, and distribution and service centers.[49] Mining comprises iron ore mining operations including AMMC in Canada and AML in Liberia, while India and JVs consists of the company’s interests in AMNS India, VAMA, AMNS Calvert and other associates, joint ventures and investments.[50][43]
Using 2024 sales to external customers as the clearest contribution measure, Europe was the largest segment at about 43% of group sales, followed by North America at about 19%, Brazil at about 17%, Sustainable Solutions at about 15%, Others at about 6%, Mining at about 2%, and India and JVs at effectively 0% of direct external sales; the group total was $62.4 billion.[51][52] India and JVs is better understood through equity-accounted earnings than sales, with $779 million of income from investments in associates, joint ventures and other investments reported for 2024.[51] Under the pre-2024 structure used in the 2023 annual report, the main segments were NAFTA, Brazil, Europe, ACIS and Mining; based on 2023 external sales, Europe represented about 56% of group sales, NAFTA about 19%, Brazil about 16%, ACIS about 8% and Mining about 2%.[53][54][55][56] [43][44][45][46][47][48][49][50][51][52][53][54][55][56]
Company history
ArcelorMittal’s origins lie in Lakshmi N. Mittal’s founding of Mittal Steel in 1976. On the European side of its lineage, Arcelor was created in 2002 through the merger of Aceralia, Arbed and Usinor, combining major steelmaking groups that later became part of ArcelorMittal [57][58].
The modern company took shape when Mittal Steel moved to acquire Arcelor in 2006; a memorandum of understanding to combine the two groups was signed on 25 June 2006, and Arcelor’s board recommended Mittal Steel’s offer [59][60]. ArcelorMittal was then formed in 2007 through the merger of Mittal Steel Company N.V. and Arcelor [61]. A later milestone came in 2021, when Lakshmi N. Mittal became executive chairman and Aditya Mittal was appointed chief executive officer, marking a significant leadership transition [62]. [57][58][59][60][61][62]
Sources
Continue your research
From company context to financial detail.
Explore original sources and worldwide fundamental financial data and intelligence with Finbar.
Explore ARCELORMITTAL in Finbar ↗