ArcelorMittal Steel Shipments Rose in First Quarter 2025

The working capital investment totalled $1.7 billion during the quarter.

SEATTLE (Scrap Monster): Luxembourg-headquartered integrated steel and mining company ArcelorMittal announced results for the three-month period ended March 31, 2025.

The company produced 14.8 million tons of crude steel in the first quarter of this year, which was more than the 14 million tons produced in the previous quarter and the 14.4 million tons produced in the same quarter last year. During the quarter, 13.6 million tons of steel were shipped. It should be mentioned that the shipments in Q1 and Q4 of 2024 totaled 13.5 Mt.

Due to record production and shipments from iron ore operations in Liberia, the company recorded strong success in the mining sector. Due primarily to stable operations in European mills, it achieved improved cost performance. Operating levels in North America had returned to normal.

During the quarter, $1.7 billion was invested in working capital. This resulted in $1.4 billion in free cash flow. Liquidity was $10.8 billion, but net debt rose to $6.7 billion.

Regarding the Liberia expansion project, it stated that the full 15Mt concentrator capacity is expected to be commissioned by mid-2025, with the goal of achieving a full 20Mt capacity run-rate by the end of 2025. Over the course of the year, the business expects to ship 10 million tons. He also mentioned that the new, cutting-edge 1.5Mt EAF is now being commissioned.