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    Market Segment

    February 10, 2022

    ArcelorMittal Records Strong Q4, Best Full-Year Results Since '08

    Written by David Schollaert

    ArcelorMittal recorded earnings of $4.05 billion in fourth-quarter 2021, besting the same year-ago quarter by more than threefold, despite lower shipment volumes, due to sharply higher steel prices.

    ArcelorMittalFor the year, global earnings for the Luxembourg-based miner and steelmaker reached $14.97 billion, up from a loss of $733 million in 2020 despite a 9.0% decrease in shipments to 62.9 million metric tons in 2021. Sharply higher steel prices resulted in the group’s most profitable year since 2008.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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