Financials

Industrial assets

Mining operations

Operations

Our Business

How and where we run our steel and mining business.

Our progress

This year saw important progress across our business, where we continued to meet the needs of all our stakeholders.

Sustainability

Action 2020

Action 2020 is ArcelorMittal's commitment to structurally improving profitability and cash flow generation.

Governance

Good corporate governance is about compliance, continuous stakeholder dialogue and being a good corporate citizen.

Fact book

Details of our steel and mining operations, financials, production facilities and shareholder information.

Key operational overview

Segment annually (2014 - 2018) and quarterly (2017 - 2018)

	2014	2015	2016	2017	2018	1Q 17	2Q 17	3Q 17	4Q 17	1Q 18	2Q 18	3Q 18	4Q 18
Crude steel production (000's Mt)
NAFTA	25,036	22,795	22,208	23,480	22,559	6,216	5,762	5,904	5,598	5,864	5,946	5,723	5,026
Brazil	10,524	11,612	11,133	11,210	12,264	2,710	2,714	2,797	2,989	2,801	3,114	3,158	3,191
Europe	43,419	43,853	42,635	43,768	44,693	11,212	10,997	11,248	10,311	11,246	11,026	10,841	11,580
ACIS	14,148	14,219	14,792	14,678	13,022	3,492	3,685	3,669	3,832	3,400	3,087	3,560	2,975
Total	93,127	92,479	90,767	93,136	92,538	23,630	23,158	23,618	22,730	23,311	23,173	23,282	22,772
Steel shipments¹ (000's Mt)
NAFTA	23,074	21,306	21,281	21,834	22,047	5,610	5,419	5,655	5,150	5,559	5,803	5,512	5,173
Brazil	10,376	11,540	10,753	10,840	11,464	2,226	2,622	2,940	3,052	2,483	2,831	3,097	3,053
Europe	39,639	40,676	40,247	40,941	41,020	10,208	10,466	10,116	10,151	10,697	10,516	9,709	10,098
ACIS	12,833	12,485	13,271	13,094	11,741	3,221	3,257	3,362	3,254	3,029	3,057	2,986	2,669
Total	85,125	84,586	83,934	85,242	83,854	21,058	21,483	21,705	20,996	21,349	21,731	20,538	20,236
Average steel selling price (US$/tonne)
NAFTA	843	732	672	742	852	719	760	741	748	779	853	896	882
Brazil	867	647	536	667	719	678	655	651	685	752	728	714	687
Europe	773	609	568	702	787	649	698	723	736	801	800	776	771
ACIS	576	432	395	515	598	502	499	515	546	610	621	597	561
Total	775	623	567	682	775	649	680	690	709	768	784	779	768
Revenue (US$ millions)
NAFTA	21,162	17,293	15,806	17,997	20,332	4,458	4,607	4,636	4,296	4,752	5,356	5,367	4,857
Brazil	10,037	8,503	6,223	7,755	8,711	1,610	1,834	2,059	2,252	1,988	2,191	2,103	2,429
Europe	39,552	31,893	29,272	36,208	40,488	8,222	9,180	9,196	9,610	10,641	10,527	9,559	9,761
ACIS	8,268	6,128	5,885	7,621	7,961	1,807	1,834	1,941	2,039	2,080	2,129	1,989	1,763
Mining	4,970	3,387	3,114	4,033	4,211	1,030	1,015	1,029	959	1,024	1,065	1,008	1,114
Holding and service companies and eliminations	(4,707)	(3,626)	(3,509)	(4,935)	(5,670)	(1,041)	(1,226)	(1,222)	(1,446)	(1,299)	(1,270)	(1,504)	(1,597)
Total	79,282	63,578	56,791	68,679	76,033	16,086	17,244	17,639	17,710	19,186	19,998	18,522	18,327
EBITDA (US$ millions)
NAFTA	1,206	891	1,719	1,703	2,471	524	506	381	292	440	791	744	497
Brazil	1,845	1,231	872	990	1,538	246	201	202	341	370	443	445	280
Europe	2,304	2,393	2,503	3,560	3,810	909	942	848	861	1,044	1,145	871	749
ACIS	620	317	678	1,027	1,405	191	174	239	423	363	397	447	198
Mining	1,331	462	762	1,407	1,278	480	319	341	267	349	305	281	343
Holding and service companies and eliminations	(69)	(63)	(279)	(279)	(237)	(119)	(30)	(87)	(43)	(54)	(8)	(59)	(116)
Total	7,237	5,231	6,255	8,408	10,265	2,231	2,112	1,924	2,141	2,512	3,073	2,729	1,951
Operating income/(loss) (US$ millions)
NAFTA	386	(705)	2,002	1,185	1,889	396	378	256	155	308	660	612	310
Brazil	1,388	628	614	697	1,356	175	128	128	266	215	369	374	398
Europe	737	171	1,270	2,359	1,632	636	652	546	525	580	853	100	98
ACIS	95	(624)	211	508	1,094	116	51	159	182	290	312	371	121
Mining	565	(3,522)	366	991	860	378	216	238	159	242	198	179	241
Holding and service companies and eliminations	(137)	(109)	(302)	(306)	(292)	(125)	(35)	(93)	(53)	(66)	(31)	(69)	(126)
Total	3,034	(4,161)	4,161	5,434	6,539	1,576	1,390	1,234	1,234	1,569	2,361	1,567	1,042
Steel EBITDA/tonne (US$/tonne)
NAFTA	52	42	81	78	112	93	93	67	57	79	136	135	96
Brazil	178	107	81	91	134	110	77	69	112	149	157	144	92
Europe	58	59	62	87	93	89	90	84	85	98	109	90	74
ACIS	48	25	51	78	120	59	53	71	130	120	130	150	74
Total²	69	56	65	82	107	83	83	73	89	101	127	119	79
EBITDA/tonne (US$/tonne)
NAFTA	52	42	81	78	112	93	93	67	57	79	136	135	96
Brazil	178	107	81	91	134	110	77	69	112	149	157	144	92
Europe	58	59	62	87	93	89	90	84	85	98	109	90	74
ACIS	48	25	51	78	120	59	53	71	130	120	130	150	74
Total³	85	62	75	99	122	106	98	89	102	118	141	133	96

1 ArcelorMittal Downstream Solutions shipments are eliminated in consolidation as they primarily represent shipments originating from other ArcelorMittal operating subsidiaries.

2 Average steel EBITDA/tonne is calculated as group EBITDA less mining divided by total steel shipments.

3 EBITDA/tonne is calculated as group EBITDA divided by total steel shipments.

Revenue by segment 2018 (US$ millions)*


NAFTA	25%	#FF3700
Brazil	11%	#FF3700
Europe	49%	#FF3700
ACIS	10%	#FF3700
Mining	5%	#FF3700
Total 76,033

(US$ millions)	2018	%*
1 NAFTA	20,332	25
2 Brazil	8,711	11
3 Europe	40,488	49
4 ACIS	7,961	10
5 Mining	4,211	5
Total	76,033	100

*% figures presented exclude holding and service companies and eliminations (5,670).

Steel shipments by segment 2018 (000's Mt)*


NAFTA	26%	#696969
Brazil	13%	#696969
Europe	48%	#696969
ACIS	13%	#696969
Total 83,854

000's Mt	2018	%*
1 NAFTA	22,047	26
2 Brazil	11,464	13
3 Europe	41,020	48
4 ACIS	11,741	13
Total	83,854	100

*% figures presented exclude eliminations (2,418).

EBITDA by segment 2018 (US$ millions)*


NAFTA	24%	#5C7F92
Brazil	15%	#8B819E
Europe	36%	#AA9E6E
ACIS	13%	#70A489
Mining	12%	#BAC48C
Total 10,265

US$ millions	2018	%*
1 NAFTA	2,471	24
2 Brazil	1,538	15
3 Europe	3,810	36
4 ACIS	1,405	13
5 Mining	1,278	12
Total	10,265	100

*% figures presented exclude holding and service companies and eliminations (237).

EBITDA/tonne by segment 2014-2018 (US$/tonne)

X-axis	1 NAFTA	2 Brazil	3 Europe	4 ACIS
Color	#fbaf86	#f88b57	#f15320	#ff3700
Font Color	#FFFFFF	#FFFFFF	#FFFFFF	#FFFFFF
2014	48	58	178	52
2015	25	59	107	42
2016	51	62	81	81
2017	78	87	91	78
2018	120	93	134	112

US$/tonne	2014	2015	2016	2017	2018
1 NAFTA	52	42	81	78	112
2 Brazil	178	107	81	91	134
3 Europe	58	59	62	87	93
4 ACIS	48	25	51	78	120
Total	85	62	75	99	122