Job Description



We are strengthening our Commodities Trading Desk within the Financial Risk Management Department. The desk manages the Group's global exposure to bulk raw materials-principally iron ore, coking coal and dry-bulk freight-and base metals including zinc, aluminium and tin. It supports ArcelorMittal's steelmaking, mining and commercial activities through hedging, portfolio optimisation and market execution.



We are looking for a market-driven Commodities Trader with strong conviction, sound judgement and the ability to turn market insight into measurable value. The right candidate will combine a strong understanding of physical commodity flows with derivatives expertise, be comfortable taking well-assessed risk and manage dynamic portfolios within a robust governance and risk management framework.




In volatile and strategically important commodity markets, the Commodities Trader will:

• Actively manage portfolios across iron ore, coking coal, dry-bulk freight, zinc, aluminium and tin, covering short-dated and longer-term exposures.


• Develop and recommend hedging, spread and portfolio strategies for Group entities, internal stakeholders and senior management.


• Identify market opportunities across outright prices, grades, locations, freight routes, time spreads and cross-commodity relationships, translating clear trading views into disciplined execution within approved limits.


• Contribute directly to desk performance through rigorous fundamental, technical and quantitative analysis, portfolio optimisation and risk-adjusted decision-making.


• Execute financial commodity transactions using futures, swaps, options and other approved instruments, and support physical transactions where relevant to the Group's flows.


• Work closely with Mining, Sourcing, commercial teams and other Group entities to understand exposures, improve pricing flexibility and identify value-accretive physical-plus-financial solutions.


• Produce concise market intelligence, exposure analysis and actionable recommendations covering supply and demand, inventories, trade flows and steel-market dynamics, logistics and macroeconomic drivers.


• Ensure daily desk continuity and respond rapidly to market developments, execution needs and internal stakeholder requests.


• Operate in full alignment with ArcelorMittal's Financial Risk Management Framework, internal controls and compliance standards.


• Represent the Group professionally with exchanges, brokers, banks and market counterparties, while contributing to a best-in-class trading culture.

• Master's degree or equivalent in finance, economics, engineering, mathematics, commodities, supply chain or a related discipline.


• At least 4 years of experience in physical and/or financial commodity markets, ideally gained within a trading house, mining company, steel producer, bank or major industrial group.


• Strong knowledge of iron ore, coking coal and dry-bulk freight and/or LME base metals, particularly zinc, aluminium and tin; expertise spanning both bulks and metals is a strong advantage.


• Sound understanding of physical commodity economics-including indices, grades, quotation periods, freight, logistics and basis risk-and of futures, swaps and options.


• Proven ability to read markets, form independent views and act with conviction under pressure.


• Strong analytical and quantitative mindset, with a clear focus on performance, risk-adjusted returns and portfolio optimisation.


• Entrepreneurial spirit, intellectual curiosity and appetite for taking ownership in a high-performance trading environment.


• Ability to build trusted relationships with Mining, Sourcing and commercial stakeholders, external counterparties and colleagues across geographies and cultures.


• Clear, concise communication skills, including the ability to explain complex market views and risk strategies to senior stakeholders.


• Fluent English; French or another language relevant to global commodity markets is a plus.