Matt's questions to ArcelorMittal SA (MT) leadership • Q2 2024
Question
An analyst from Goldman Sachs asked about the Indian government's response to concerns over low-cost Chinese imports and whether the India JV can remain self-funded at current EBITDA levels. He also requested a breakdown of the expected 10 million tonne iron ore increase in 2025.
Answer
Group CFO Genuino Christino expressed confidence that India will implement more trade protections if needed. He affirmed the India JV is comfortably self-funded for its expansion. Executive Daniel Fairclough attributed the 2025 iron ore volume increase primarily to the Liberia project ramping up to at least 10 million tonnes, with Serra Azul also contributing.