ArcelorMittal is exploring the possibility of relocating some of its European business support activities to India as the region’s steel sector faces challenges from rising costs and increased imports. However, the company clarified that no steel manufacturing operations would be transferred from Europe to India.
Europe’s steel industry is under strain due to oversupply from China, and exporters now face an additional hurdle with the 25% tariffs on steel and aluminum imports imposed by the United States. The EU’s main steel industry body, Eurofer, has urged a 50% reduction in steel import quotas to protect the sector.
During a European Works Council meeting, ArcelorMittal outlined plans to expand its business services hub in India to centralize certain support functions. “This initiative is part of our ongoing strategy to optimize business processes and follows similar steps taken by companies across industries,” the company stated.
A company spokesperson said that it was too early to determine which functions would be affected or the impact on jobs. Meanwhile, ArcelorMittal’s European division is intensifying efforts to reduce non-production costs as the region’s steelmakers continue to grapple with market pressures.
India, which has been at the center of trade discussions with the U.S., is considering tariff reductions in various sectors to boost American imports. Prime Minister Narendra Modi is expected to visit the United States this month for talks with President Trump on trade and economic cooperation.
ArcelorMittal is a global leader in integrated steel and mining, operating in 60 countries with primary steelmaking facilities in 15 nations. It stands as Europe’s largest steel producer, ranks among the top in the Americas, and continues expanding its presence in Asia through its AM/NS India joint venture. Serving a diverse customer base across automotive, engineering, construction, and machinery industries, the company produced 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore in 2024, generating $62.4 billion in revenue.
Driven by a mission to create smarter, more sustainable steel, ArcelorMittal is committed to innovative manufacturing that reduces energy consumption, lowers carbon emissions, and enhances efficiency. The company develops cleaner, stronger, and reusable steels, essential for building renewable energy infrastructure and driving global transformation. With a culture rooted in entrepreneurship and innovation, ArcelorMittal aims to lead the steel industry toward a more sustainable future. The company is publicly traded on stock exchanges in New York, Amsterdam, Paris, Luxembourg, and across Spain’s key markets in Barcelona, Bilbao, Madrid, and Valencia.
