ArcelorMittal: big return to shareholders

Volumes. ArcelorMittal reported a 14.5% drop in its 2023 turnover. While its shipping volumes were relatively stable, the steelmaker was penalized by the decline in sales prices. This situation affects the net profit which stood at $4.9 billion instead of $10.6 billion in 2022. We nevertheless note that the profitability of the world number 1 steel manufacturer is significantly higher than during previous lows. cycle. ArcelorMittal owes this to internal efforts to reduce fixed costs and to changes within the country mix. The group has thus strengthened its presence in Brazil and India where the growth in demand is structural…