• ArcelorMittal average operating margin for 2023 was 6.1%, a 67.86% decline from 2022.
• ArcelorMittal average operating margin for 2022 was 18.98%, a 12.17% decline from 2021.
• ArcelorMittal average operating margin for 2021 was 16.92%, a 1610.71% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.