Margin Divide Widens in Global Steel Markets – ArcelorMittal Shows $131/t Gap Across Regions
- Met Coal Junkie

- Apr 30
- 1 min read
ArcelorMittal’s Q1 2025 results 30 April highlight a growing divergence in regional steel profitability, with EBITDA per ton ranging from $49 in Europe to $180 in North America. North America, supported by Section 232 tariffs and normalized operations, delivered $475 million EBITDA on 2.64Mt shipments. Europe, burdened by weak spreads and input costs, generated just $370 million on 7.53Mt. Brazil achieved $124/t, while AMNS India dropped to $54/t amid maintenance and market weakness. Looking ahead, ArcelorMittal expects Indian profitability to rebound as safeguard measures take hold, while Europe’s margin recovery hinges on swift CBAM enforcement and improved trade protection.

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