ArcelorMittal Mexico wishes to address the recent incident that occurred at our steel plant on Sunday, March 10th. In the morning hours, a transformer failure in one of our four electric furnaces resulted in a fire outbreak. Our emergency response teams were immediately activated to control the situation. There were no serious injury involving our employees or contractors.

Additional support to control the fire was provided by ASIPONA firefighters and volunteers from the Lázaro Cárdenas fire department, who effectively managed to extinguish the flames and control the processes.

As we continue to assess the damage incurred, we acknowledge the potential impact on the steel supply to our customers due to the anticipated reduced production capacity in the second quarter. Mitigation strategies are being implemented to minimize supply disruption due to the temporary loss of ¼ of the EAF production capacity.

At ArcelorMittal, the safety of our personnel remains paramount, alongside our commitment to meeting the needs of our customers in a timely manner. We have initiated all necessary protocols to address this situation with utmost safety and efficiency.

We appreciate the efforts of all involved parties in managing this incident and assure our stakeholders that we are dedicated to restoring normal operations as swiftly as possible.