adminConference Call Participants
Alain Gabriel – Morgan Stanley, Research Division
Tom Zhang – Barclays Bank PLC, Research Division
Cole Hathorn – Jefferies LLC, Research Division
Reinhardt van der Walt – BofA Securities, Research Division
Timna Tanners – Wells Fargo Securities, LLC, Research Division
Tristan Gresser – BNP Paribas, Research Division
Maxime Kogge – ODDO BHF Corporate & Markets, Research Division
Bastian Synagowitz – Deutsche Bank AG, Research Division
Dominic O’Kane – JPMorgan Chase & Co, Research Division
Andrew Jones – UBS Investment Bank, Research Division
Philip Gibbs – KeyBanc Capital Markets Inc., Research Division
Boris Bourdet – Kepler Cheuvreux, Research Division
Presentation
Daniel Fairclough
Head of Investor Relations & VP of Corporate Finance
Hi. Good afternoon, everyone. This is Daniel Fairclough from the ArcelorMittal Investor Relations team. Thank you for joining this call to discuss ArcelorMittal’s performance and progress during the third quarter of 2025. Leading today’s call will be our Group CFO, Mr. Genuino Christino.
Before we begin, I would like to mention a few housekeeping items. As usual, we will not be going through the results presentation, which was published this morning on our website. However, I do want to draw your attention to the disclaimers on Slide 20 of that presentation. As usual, Genuino will make some opening remarks before we move directly to the Q&A session. [Operator Instructions]
Over to you, Genuino.
Genuino Christino
Executive VP & CFO
Thanks, Daniel, and welcome, everyone, and thanks for joining today’s call. As usual, I will keep my remarks brief, beginning with safety, a core value for our company. The company is completing the first year of its 3-year transformation program, supporting ArcelorMittal’s journey to be a zero fatality and serious injury company. The first year has
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