ArcelorMittal, one of the largest steel producers in the world, decreased steel production by 14.6% in 2022 to reach 59 million tonnes compared to 2021, and its exports fell by 11.1% to reach 55.9 million tonnes, according to the financial report published on the company’s website.

Iron ore production increased by 9.2% for 2022 to 28 million tonnes, and iron ore sales reached 28 million tonnes, an increase of 7.7% year on year.

In the fourth quarter of 2022, ArcelorMittal steel production decreased by 20% compared to the same period last year, reaching 13.2 million tonnes, a decrease of 11.4% compared to the third quarter of 2022.

Steel exports decreased in the same period by 20.2% compared to the same period in the fourth quarter of 2022, reaching 12.6 million tonnes, a decline of 7.3% compared to the third quarter of 2022.

Iron ore production in the same period amounted to 7.5 million tonnes, an increase of 4.2% compared to the first quarter of 2021 and 8.7% over the third quarter of 2022.

The company exported 6.9 million tonnes of iron ore in the fourth quarter of 2022, down by 2.8% from the same period in 2021. Compared to the third quarter of 2022. Deliveries to consumers remained at the same level.