ArcelorMittal (MT) Revenue & Revenue Breakdown

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ArcelorMittal Revenue Highlights

Latest Revenue (Y)

$68.28B

Latest Revenue (Q)

$16.28B

Main Segment (Y)

Flat products

Main Geography (Y)

Europe

ArcelorMittal Revenue by Period

ArcelorMittal Revenue by Year

Date	Revenue	Change
2023-12-31	$68.28B	-14.49%
2022-12-31	$79.84B	4.27%
2021-12-31	$76.57B	43.74%
2020-12-31	$53.27B	-24.56%
2019-12-31	$70.61B	-7.13%
2018-12-31	$76.03B	10.71%
2017-12-31	$68.68B	20.93%
2016-12-31	$56.79B	-10.68%
2015-12-31	$63.58B	-19.81%
2014-12-31	$79.28B	-0.20%
2013-12-31	$79.44B	-5.67%
2012-12-31	$84.21B	-10.39%
2011-12-31	$93.97B	20.44%
2010-12-31	$78.03B	19.84%
2009-12-31	$65.11B	-47.89%
2008-12-31	$124.94B	18.74%
2007-12-31	$105.22B	78.73%
2006-12-31	$58.87B	109.26%
2005-12-31	$28.13B	26.74%
2004-12-31	$22.20B	307.96%
2003-12-31	$5.44B	11.29%
2002-12-31	$4.89B	8.98%
2001-12-31	$4.49B	-11.99%
2000-12-31	$5.10B	8.91%
1999-12-31	$4.68B	34.02%
1998-12-31	$3.49B	59.45%
1997-12-31	$2.19B	-

ArcelorMittal generated $68.28B in revenue during NA 2023, up -14.49% compared to the previous quarter, and up 89.80% compared to the same period a year ago.

ArcelorMittal Revenue by Quarter

Date	Revenue	Change
2024-03-31	$16.28B	-47.74%
2023-12-31	$31.15B	87.49%
2023-09-30	$16.62B	-10.70%
2023-06-30	$18.61B	0.57%
2023-03-31	$18.50B	9.53%
2022-12-31	$16.89B	-10.98%
2022-09-30	$18.98B	-14.30%
2022-06-30	$22.14B	1.40%
2022-03-31	$21.84B	4.95%
2021-12-31	$20.81B	2.85%
2021-09-30	$20.23B	4.58%
2021-06-30	$19.34B	19.45%
2021-03-31	$16.19B	14.16%
2020-12-31	$14.18B	6.92%
2020-09-30	$13.27B	20.86%
2020-06-30	$10.98B	-26.06%
2020-03-31	$14.84B	-4.32%
2019-12-31	$15.51B	-6.73%
2019-09-30	$16.63B	-13.72%
2019-06-30	$19.28B	0.47%
2019-03-31	$19.19B	4.70%
2018-12-31	$18.33B	-1.05%
2018-09-30	$18.52B	-7.38%
2018-06-30	$20.00B	4.23%
2018-03-31	$19.19B	8.33%
2017-12-31	$17.71B	0.40%
2017-09-30	$17.64B	2.29%
2017-06-30	$17.24B	7.20%
2017-03-31	$16.09B	13.88%
2016-12-31	$14.13B	-2.73%
2016-09-30	$14.52B	-1.49%
2016-06-30	$14.74B	10.03%
2016-03-31	$13.40B	-4.16%
2015-12-31	$13.98B	-10.31%
2015-09-30	$15.59B	-7.70%
2015-06-30	$16.89B	-1.33%
2015-03-31	$17.12B	-8.57%
2014-12-31	$18.72B	-6.70%
2014-09-30	$20.07B	-3.08%
2014-06-30	$20.70B	4.63%
2014-03-31	$19.79B	-0.30%
2013-12-31	$19.85B	1.04%
2013-09-30	$19.64B	-2.74%
2013-06-30	$20.20B	2.25%
2013-03-31	$19.75B	2.29%
2012-12-31	$19.31B	-2.10%
2012-09-30	$19.72B	-12.26%
2012-06-30	$22.48B	-0.99%
2012-03-31	$22.70B	1.13%
2011-12-31	$22.45B	-7.29%
2011-09-30	$24.21B	-3.63%
2011-06-30	$25.13B	13.26%
2011-03-31	$22.18B	32.97%
2010-12-31	$16.68B	-20.70%
2010-09-30	$21.04B	-2.83%
2010-06-30	$21.65B	16.08%
2010-03-31	$18.65B	0.05%
2009-12-31	$18.64B	15.29%
2009-09-30	$16.17B	6.55%
2009-06-30	$15.18B	0.36%
2009-03-31	$15.12B	-31.54%
2008-12-31	$22.09B	-37.24%
2008-09-30	$35.20B	-6.98%
2008-06-30	$37.84B	26.94%
2008-03-31	$29.81B	6.49%
2007-12-31	$27.99B	-

ArcelorMittal generated $16.28B in revenue during Q1 2024, up -47.74% compared to the previous quarter, and up 96.39% compared to the same period a year ago.

ArcelorMittal Revenue Breakdown

ArcelorMittal Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Other products	$12.07B	$13.51B	$12.46B	$7.78B	$10.07B
Flat products	$38.65B	$44.78B	$41.90B	$31.58B	$43.63B
Long products	$14.12B	$17.49B	$18.12B	$11.12B	$13.71B
Mining products	$1.27B	$1.39B	$1.86B	$1.45B	$1.17B
Tubular products	$2.16B	$2.68B	$2.23B	$1.34B	$2.04B

ArcelorMittal's latest annual revenue breakdown by segment (product or service), as of Dec 23: Flat products (56.60%), Long products (20.69%), Other products (17.69%), Tubular products (3.16%), and Mining products (1.86%).

Quarterly Revenue by Product

Product/Service	Dec 23	Jun 23	Jun 22	Jun 21	Jun 20	Jun 19	Jun 18
Flat products	$17.91B	$20.74B	$25.21B	$19.42B	$15.63B	$24.06B	$24.14B
Tubular products	$940.00M	$1.22B	$1.48B	$1.04B	$650.00M	$1.19B	$1.10B
Other products	$5.32B	$6.75B	$6.77B	$5.85B	$3.59B	$5.17B	$5.26B
Mining products	$705.00M	$564.00M	$837.00M	$839.00M	$654.00M	$662.00M	$525.00M
Long products	$6.29B	$7.83B	$9.68B	$8.38B	$5.29B	$7.38B	$8.16B

ArcelorMittal's latest quarterly revenue breakdown by segment (product or service), as of Dec 23: Flat products (57.46%), Long products (20.18%), Other products (17.08%), Tubular products (3.02%), and Mining products (2.26%).

ArcelorMittal Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
UKRAINE	$500.00M	$515.00M	-	-	-
ARGENTINA	$1.23B	$1.91B	$1.44B	$679.00M	$814.00M
Americas	$26.25B	$28.06B	$25.41B	$20.18B	$27.29B
Asia and Africa	$6.25B	$7.26B	$8.98B	$6.78B	$7.96B
BELGIUM	$2.06B	$2.11B	$1.85B	$1.27B	$1.62B
BRAZIL	$8.24B	$8.71B	$8.20B	$4.40B	$5.09B
CANADA	$3.48B	$4.19B	$4.28B	$2.54B	$3.00B
CHINA	$764.00M	$765.00M	$943.00M	$1.62B	$676.00M
CZECHIA	$1.18B	$1.43B	$1.36B	$752.00M	-
Europe	$35.78B	$44.52B	$42.18B	$26.30B	$35.37B
FRANCE	$4.61B	$5.70B	$4.87B	$3.12B	$4.11B
GERMANY	$6.55B	$7.76B	$6.54B	$4.20B	$5.69B
INDIA	$102.00M	$131.00M	$142.00M	$142.00M	$95.00M
ITALY	$2.61B	$4.02B	$5.43B	$3.19B	$4.32B
KAZAKHSTAN	$503.00M	$625.00M	$747.00M	$425.00M	$470.00M
KOREA, REPUBLIC OF	$410.00M	$383.00M	$608.00M	$331.00M	$380.00M
MEXICO	$3.29B	$2.88B	$2.36B	$1.71B	$1.94B
MOROCCO	$745.00M	$806.00M	$689.00M	$492.00M	$583.00M
NETHERLANDS	$1.45B	$1.77B	$1.62B	$878.00M	$1.14B
Other Americas	$1.11B	$1.54B	$1.83B	$872.00M	$1.20B
Other Europe	$4.62B	$6.31B	$5.03B	$3.15B	$4.90B
POLAND	$4.47B	$5.93B	$5.30B	$3.23B	$3.96B
ROMANIA	$386.00M	$461.00M	$443.00M	$335.00M	$720.00M
Rest of Africa	$524.00M	$499.00M	$1.07B	$619.00M	$1.28B
Rest of Asia	$1.34B	$1.68B	$2.25B	$1.68B	$1.91B
SOUTH AFRICA	$1.86B	$2.26B	$2.45B	$1.37B	$2.26B
SPAIN	$3.98B	$4.74B	$4.19B	$2.82B	$3.85B
UNITED STATES	$8.89B	$8.84B	$7.30B	$9.99B	$15.24B
TURKEY	-	$1.23B	$1.51B	$1.07B	$1.50B
LUXEMBOURG	-	$206.00M	$185.00M	$114.00M	$151.00M
EGYPT	-	$120.00M	$85.00M	$103.00M	$309.00M
CZECH REPUBLIC	-	-	-	-	$1.24B

ArcelorMittal's latest annual revenue breakdown by geography, as of Dec 23: Europe (26.87%), Americas (19.71%), UNITED STATES (6.67%), BRAZIL (6.19%), GERMANY (4.92%), Asia and Africa (4.69%), Other Europe (3.47%), FRANCE (3.46%), POLAND (3.35%), SPAIN (2.99%), CANADA (2.62%), MEXICO (2.47%), ITALY (1.96%), BELGIUM (1.55%), SOUTH AFRICA (1.40%), NETHERLANDS (1.08%), Rest of Asia (1.01%), ARGENTINA (0.93%), CZECHIA (0.89%), Other Americas (0.83%), CHINA (0.57%), MOROCCO (0.56%), Rest of Africa (0.39%), KAZAKHSTAN (0.38%), UKRAINE (0.38%), KOREA, REPUBLIC OF (0.31%), ROMANIA (0.29%), and INDIA (0.08%).

Quarterly Revenue by Country

Country	Dec 23	Jun 23	Jun 22	Jun 21	Jun 20	Jun 19	Jun 18
Asia and Africa	$3.00B	$3.25B	$4.01B	$4.15B	$3.22B	$4.21B	$4.54B
FRANCE	$1.82B	$2.79B	$3.29B	$2.49B	$1.45B	$2.32B	$2.40B
POLAND	$2.05B	$2.42B	$3.40B	$2.33B	$1.55B	$2.11B	$2.39B
UNITED STATES	$4.08B	$4.81B	$4.77B	$3.34B	$5.47B	$8.47B	$8.05B
SPAIN	$1.73B	$2.26B	$2.67B	$2.04B	$1.34B	$2.14B	$2.34B
SOUTH AFRICA	$888.00M	$974.00M	$1.31B	$1.20B	$651.00M	$1.22B	$1.55B
Rest of Asia	$655.00M	$685.00M	$922.00M	$1.02B	$796.00M	$965.00M	$1.18B
Rest of Africa	$240.00M	$284.00M	$289.00M	$456.00M	$340.00M	$694.00M	$549.00M
ROMANIA	$194.00M	$192.00M	$312.00M	$228.00M	$154.00M	$408.00M	$354.00M
ITALY	$1.19B	$1.42B	$2.40B	$2.67B	$1.50B	$2.37B	$1.68B
INDIA	$43.00M	$59.00M	$47.00M	$91.00M	$53.00M	$54.00M	$54.00M
GERMANY	$2.87B	$3.69B	$4.24B	$3.02B	$2.01B	$3.25B	$3.53B
Europe	$15.87B	$19.91B	$25.09B	$19.73B	$12.58B	-	-
CZECHIA	$502.00M	$681.00M	$848.00M	$598.00M	-	-	-
CHINA	$400.00M	$364.00M	$345.00M	$397.00M	$763.00M	$368.00M	$311.00M
CANADA	$1.70B	$1.78B	$2.28B	$1.84B	$1.21B	$1.59B	$1.71B
BELGIUM	$928.00M	$1.13B	$1.07B	$877.00M	$693.00M	$722.00M	$673.00M
Americas	$12.30B	$13.95B	$14.87B	$11.65B	$10.02B	-	-
ARGENTINA	$324.00M	$909.00M	$856.00M	$598.00M	$260.00M	$465.00M	$580.00M
UKRAINE	$305.00M	$195.00M	$275.00M	$394.00M	-	-	-
Other Europe	$2.06B	$2.56B	$3.50B	$2.20B	$1.69B	$2.79B	$2.95B
Other Americas	$498.00M	$612.00M	$960.00M	$749.00M	$488.00M	$601.00M	$648.00M
NETHERLANDS	$639.00M	$806.00M	$1.05B	$628.00M	$447.00M	$591.00M	$614.00M
KOREA, REPUBLIC OF	$234.00M	$176.00M	$240.00M	$264.00M	$148.00M	$195.00M	$173.00M
KAZAKHSTAN	$205.00M	$298.00M	$370.00M	$370.00M	$195.00M	$226.00M	$275.00M
BRAZIL	$4.09B	$4.15B	$4.54B	$3.97B	$1.82B	$2.58B	$2.39B
MEXICO	$1.60B	$1.68B	$1.46B	$1.15B	$778.00M	$1.06B	$1.06B
MOROCCO	$360.00M	$385.00M	$416.00M	$325.00M	$194.00M	$296.00M	$334.00M
EGYPT	-	$22.00M	$76.00M	$26.00M	$80.00M	$184.00M	$104.00M
TURKEY	-	$524.00M	$685.00M	$669.00M	$542.00M	$770.00M	$941.00M
CZECH REPUBLIC	-	-	-	-	$371.00M	$755.00M	$935.00M
Europe1	-	-	-	-	-	$19.49B	$20.21B
Americas1	-	-	-	-	-	$14.77B	$14.43B

ArcelorMittal's latest quarterly revenue breakdown by geography, as of Dec 23: Europe (26.11%), Americas (20.24%), BRAZIL (6.73%), UNITED STATES (6.71%), Asia and Africa (4.94%), GERMANY (4.72%), Other Europe (3.38%), POLAND (3.37%), FRANCE (2.99%), SPAIN (2.84%), CANADA (2.80%), MEXICO (2.64%), ITALY (1.96%), BELGIUM (1.53%), SOUTH AFRICA (1.46%), Rest of Asia (1.08%), NETHERLANDS (1.05%), CZECHIA (0.83%), Other Americas (0.82%), CHINA (0.66%), MOROCCO (0.59%), ARGENTINA (0.53%), UKRAINE (0.50%), Rest of Africa (0.39%), KOREA, REPUBLIC OF (0.39%), KAZAKHSTAN (0.34%), ROMANIA (0.32%), and INDIA (0.07%).

ArcelorMittal Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PKX	POSCO	$77.13T	$18.10T
GGB	Gerdau	$68.92B	$16.21B
MT	ArcelorMittal	$68.28B	$16.28B
SID	Companhia Siderúrgica Nacional	$45.44B	$9.71B
NUE	Nucor	$34.71B	$7.44B
CLF	Cleveland-Cliffs	$22.00B	$4.57B
TX	Ternium	$19.03B	$4.74B
STLD	Steel Dynamics	$18.80B	$4.34B
X	United States Steel	$16.04B	$3.85B
RS	Reliance Steel & Aluminum	$14.81B	$3.42B
CMC	Commercial Metals Company	$7.93B	$2.08B
SCHN	Schnitzer Steel Industries	$2.88B	$621.06M
ZEUS	Olympic Steel	$2.56B	$470.00M
TMST	Metallus	$1.36B	$343.70M

MT Revenue FAQ

What is ArcelorMittal’s yearly revenue?

ArcelorMittal's yearly revenue for 2023 was $68.28B, representing a decrease of -14.49% compared to 2022. The company's yearly revenue for 2022 was $79.84B, representing an increase of 4.27% compared to 2021. MT's yearly revenue for 2021 was $76.57B, representing an increase of 43.74% compared to 2020.

What is ArcelorMittal’s quarterly revenue?

ArcelorMittal's quarterly revenue for Q1 2024 was $16.28B, a -47.74% decrease from the previous quarter (Q4 2023), and a -11.99% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $31.15B, a 87.49% increase from the previous quarter (Q3 2023), and a 84.43% increase year-over-year (Q4 2022). MT's quarterly revenue for Q3 2023 was $16.62B, a -10.70% decrease from the previous quarter (Q2 2023), and a -12.43% decrease year-over-year (Q3 2022).

What is ArcelorMittal’s revenue growth rate?

ArcelorMittal's revenue growth rate for the last 3 years (2021-2023) was -10.83%, and for the last 5 years (2019-2023) was -3.31%.

What are ArcelorMittal’s revenue streams?

ArcelorMittal's revenue streams in c 23 are Other products, Flat products, Long products, Mining products, and Tubular products. Other products generated $12.08B in revenue, accounting 17.69% of the company's total revenue, down -10.61% year-over-year. Flat products generated $38.65B in revenue, accounting 56.60% of the company's total revenue, down -13.69% year-over-year. Long products generated $14.12B in revenue, accounting 20.69% of the company's total revenue, down -19.23% year-over-year. Mining products generated $1.27B in revenue, accounting 1.86% of the company's total revenue, down -8.77% year-over-year. Tubular products generated $2.16B in revenue, accounting 3.16% of the company's total revenue, down -19.49% year-over-year.

What is ArcelorMittal’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of ArcelorMittal was Flat products. This segment made a revenue of $38.65B, representing 56.60% of the company's total revenue.