Financial Performance4Q23 EBITDA exceeded consensus estimates by approximately 5.5%, indicating stronger than expected financial performance.
Government SupportGerman government is preparing to announce a €1-1.2bn subsidy for ArcelorMittal's decarbonization investments in Germany, which could significantly support the company's efforts to decarbonize its European operations.
Shareholder ReturnsArcelorMittal's policy of returning 50% of post-dividend annual free cash flow through buybacks demonstrates a commitment to shareholder returns.