The global metallurgical company ArcelorMittal reported a 2.8% increase in steel production for the period of January to March 2025 compared to the same period last year, reaching 14.8 million tons. Compared to the previous quarter, the figure rose by 5.7%, indicating stable growth in the company’s production activities. This data is included in the quarterly report published on the company’s official website.
This is reported by Business • Media
In addition to steel production, mining activities also increased during this period — iron ore extraction rose by 15.7% compared to the previous year. This reflects the growing demand for raw materials and improved indicators in the metallurgy sector in the region.
Factors Influencing Steel Production
The increase in steel production at ArcelorMittal is attributed to various factors, including rising domestic demand and stable raw material supplies. The company also notes that the growth in production metrics is a result of strategic investments in modernizing production capacities and improving process efficiency.
Future Prospects for the Metallurgy Sector
It is expected that in 2025, the growth of steel production and the mining sector will continue, contributing to the overall development of the country’s metallurgy sector. Experts predict further growth in demand for metallurgical products in the region and globally, which will positively impact the economic development of the industry.
“The increase in steel production and mining activities is evidence of the company’s competitiveness and the stability of the sector,” notes a metallurgy market analyst.