ArcelorMittal's Climate and Operational Challenges

ArcelorMittal and its subsidiaries are implementing measures to reduce emissions and stabilize their operations amidst global economic challenges. ArcelorMittal Nippon Steel India targets a 20% reduction in emissions intensity by 2030, while ArcelorMittal temporarily suspends operations at its Bosnia plant due to European steel demand decline. Additionally, ArcelorMittal South Africa plans to close its steelmaking operations, leading to potential shortages and increased reliance on imports. ArcelorMittal's steel output has also reduced by 14.6% in 2022, and the company has announced a reduction of 1.3 million metric tons of finished steel products in Brazil for 2024.