ArcelorMittal's global steel production remained largely stable, while European production declined slightly. Nevertheless, Europe showed improved financial results, including rapid Ebitda growth, the steelmaker said in its second-quarter report, which is being monitored by Kallanish.
The striking figure emerging from the report is the steel company's Ebitda in Europe, which increased by 69.7% to $627 million in the second quarter, compared with $370 million in the previous quarter. in the first quarter and from $462 million in the second quarter of 2024. This improvement reflects a more significant spread in prices and costs, which is slightly offset by a decrease in shipment volumes.
ArcelorMittal's global steel production increased year-on-year to 29.2 million tonnes in the first half of 2025 from 29.1 million tonnes in the first half of 2024. Quarterly production remained broadly stable, falling slightly from 14.8 million tonnes in the first quarter to 14.4 million tonnes in the second quarter of 2025. Year-on-year, production in the second quarter decreased moderately from 14.7 million tons. In Europe, production decreased in the last quarter compared to the previous quarter, mainly due to the planned renovation of blast furnace No. 4 in Dunkirk, which was resumed in mid-July. In the first six months of this year, crude oil production in Europe amounted to 15.5 million tons, which is slightly lower than 15.6 million tons in the same period last year. In the second quarter, production reached 7.5 million tons, compared to the 7.9 million tons achieved in the first quarter and 8,041 tons in the second quarter of 2024.
"Sales in the 2nd quarter of 2025 increased by 6.0% to $7.7 billion compared to $7.2 billion in the 1st quarter of 2025, mainly due to an increase of 11.0%. The increase in average selling prices for steel by 10% was partially offset by a decrease in steel shipments by 3.0%, which was influenced by obvious demand. Steel shipments in the 2nd quarter of 2025 decreased by 1.4% compared to the same period last year, reflecting a 6% decrease in the supply of long products, while the supply of flat products was stable," the reports say.
Sales in Europe reached $14.87 billion in the first half of the year, reflecting a decrease compared to the same period last year. 15.66 billion dollars in the first half of 2024. Ebitda increased to $997 million in the first half of the year from $805 million in the same period last year. Steel shipments in six months increased slightly compared to the same period last year and amounted to 14,833 tons from 14,643 tons a year earlier.
According to the report, demand in Europe remains at a relatively good level, while consumption of flat rolled products is projected to increase.
