ArcelorMittal: demand set to rise in 2025
(CercleFinance.com) - On Thursday, ArcelorMittal released better-than-expected Q4 results, announcing that it expects steel demand to increase in 2025, an announcement that was welcomed by the stockmarket.
Over the last three months of the year, the steelmaker generated Ebitda of $1.65bn, compared with $1.45bn a year earlier.
This performance exceeded the analyst consensus compiled by the group, which had been set at $1.53bn.
For FY 2024 financial year, operating profit fell to $7.05bn, compared with $8.74bn in 2023, but again exceeded the consensus of $6.93bn.
The past year has been difficult regarding the global economy, but despite this Ebitda per tonne reached $130, a level well above the five-year average that prevailed before Covid, remarked Aditya Mittal, its CEO.
Not content with doing better than expected in 2024, ArcelorMittal says it anticipates a real increase in demand for steel this year, with current low stock levels encouraging the emergence of a restocking movement.
It thus expects global steel consumption outside China to increase by 2.5% to 3.5% in 2025 compared with the previous year.
Capex is expected between $4.5bn and $5bn, including $1.4bn-1.5bn for strategic growth projects and $300m-400m for decarbonisation initiatives.
Arcelor, which expects to generate free cash flow (FCF) in 2025 and beyond, also plans to redistribute at least 50% of this post-dividend surplus to its shareholders via share buy-backs.
Following these announcements, the share, listed on both Euronext Amsterdam and Euronext Paris, was up over 3.5% on Thursday morning in early trading, bringing its rebound over the last six months to almost 25%.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
Over the last three months of the year, the steelmaker generated Ebitda of $1.65bn, compared with $1.45bn a year earlier.
This performance exceeded the analyst consensus compiled by the group, which had been set at $1.53bn.
For FY 2024 financial year, operating profit fell to $7.05bn, compared with $8.74bn in 2023, but again exceeded the consensus of $6.93bn.
The past year has been difficult regarding the global economy, but despite this Ebitda per tonne reached $130, a level well above the five-year average that prevailed before Covid, remarked Aditya Mittal, its CEO.
Not content with doing better than expected in 2024, ArcelorMittal says it anticipates a real increase in demand for steel this year, with current low stock levels encouraging the emergence of a restocking movement.
It thus expects global steel consumption outside China to increase by 2.5% to 3.5% in 2025 compared with the previous year.
Capex is expected between $4.5bn and $5bn, including $1.4bn-1.5bn for strategic growth projects and $300m-400m for decarbonisation initiatives.
Arcelor, which expects to generate free cash flow (FCF) in 2025 and beyond, also plans to redistribute at least 50% of this post-dividend surplus to its shareholders via share buy-backs.
Following these announcements, the share, listed on both Euronext Amsterdam and Euronext Paris, was up over 3.5% on Thursday morning in early trading, bringing its rebound over the last six months to almost 25%.
Copyright (c) 2025 CercleFinance.com. All rights reserved.