ArcelorMittal, the world's leading steelmaker, anticipated that global steel demand would grow between 2.5% and 3.5% in 2025, excluding China.

China's demand is expected to remain stable in 2025, while European flat steel products are projected to grow by 0% to 2%. In the US, flat steel demand is expected to increase by 1% to 3%. Brazil's demand is also expected to remain stable in 2025, and India's demand growth is projected to be between 6% and 7%.

ArcelorMittal will concentrate its efforts in Brazil, India, and the US, where it is addressing automotive demand through the implementation of new electric arc furnaces at AM/NS Calvert. Additionally, the company planned to construct a new non-oriented electrical steel (NOES) production plant in Alabama. 

ArcelorMittal anticipates investing between US$4.5 billion and US$5 billion by 2025.