ArcelorMittal Reports Strong EBITDA Despite Steel Market Challenges, Eyes Growth in 2025

February 7, 2025 – ArcelorMittal has reported $7.1 billion in EBITDA for 2024, demonstrating resilience despite weak global steel demand. The company’s EBITDA per tonne rose to $130/t for the year, up from $110/t in Q4 2023. This improvement reflects structural efficiencies, product diversification, and regional expansion strategies.

The company remains focused on delivering $1.9 billion in strategic EBITDA growth, with $0.4 billion expected in 2025. Key projects include the Liberia iron ore expansion, a new non-grain-oriented electrical steel plant in Calvert (U.S.), and an electric arc furnace (EAF) at Calvert, all expected to enhance long-term profitability.

ArcelorMittal maintained a strong liquidity position of $12 billion while continuing to return value to shareholders, with $1.7 billion distributed in dividends and share buybacks in 2024. The Board has also proposed a 10% increase in annual base dividends to $0.55 per share.

Looking ahead, the company anticipates a 2.5% to 3.5% increase in global steel demand (excluding China) in 2025, which could drive higher steel shipments. However, it remains cautious due to continued excess steel exports from China, which pressured prices in 2024.