ArcelorMittal Consolidated Portfolio

ArcelorMittal SA (NYSE/AEX/BMAD/LuxSE: MT) - world's leading integrated steel and mining company. Largest steel producer in Europe, top in Americas; growing presence in Asia (via AMNS India 60% JV with Nippon Steel). Operations in 14 countries, 34 integrated+mini-mill facilities, ~125,554 employees. 5 reportable segments: North America, Brazil, Europe, Sustainable Solutions, Mining + Others. 2025 sales $57.9 bn (vs $62.4 bn 2024). Mining segment ROM 35.3 Mt (AMMC 25.6 product + AML 9.7 product); captive mines feed segments. Aggregate iron ore Reserves 3,728 Mt P&P @ 35.6% Fe; M&I Resources 5,327 Mt @ 32.3% Fe + 2,880 Mt Inferred. Key 2025 transactions: Bosnia (Prijedor) divested Oct 30; Calvert+AMTBA+Tuper+Tekno+Flémalle acquired; Vallourec 27.8% stake.