Luxembourg steel giant ArcelorMittal said that the current risks of trade disruptions continue to increase, especially because the uncertainty in the US and Chinese markets may cause demand to decline. ArcelorMittal also pointed out that China's overcapacity in steel and weak prices remain a source of global pressure.

ArcelorMittal stressed that although the EU's Steel and Metals Action Plan has been implemented, the key lies in its rapid subsequent implementation. The company needs to wait for policies to be clarified before finalizing investment priorities in Europe.

Despite the uncertainties, ArcelorMittal maintains its capital expenditure plan, with capital expenditure expected to be between US$4.5 billion and US$5 billion in 2025, of which US$1.4 billion to US$1.5 billion will be used for strategic growth projects and another US$300 million to US$400 million will be used for decarbonization-related projects.