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Finance

ArcelorMittal expects steel demand to increase in 2025 after positive Q4

Published by Global Banking and Finance Review

Posted on February 6, 2025

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(Reuters) - ArcelorMittal, the world's second largest steelmaker, on Thursday forecast improving steel demand for 2025 said its capital expenditures would be similar to last year's, as it reported fourth quarter earnings above market expectations.

The Luxembourg-based company expects to invest between $4.5 billion and $5.0 billion this year, in line with its 2024 plans.

(Reporting by Anna Peverieri and Johan Bodinier in Gdansk; Editing by Milla Nissi)