ArcelorMittal, one of the world’s leading integrated steel and mining companies, reported a net income of USD 805 mln for the first quarter of 2025, down from USD 938 mln in the same period last year.
Quarterly sales revenue declined by 9.1pct YoY to USD 14.79 bln, largely due to lower average steel prices.
Steel production rose slightly to 14.8 mln tons in Q1 2025, compared with 14.4 mln tons a year earlier. Shipments also saw a marginal increase to 13.6 mln tons, up from 13.5 mln tons in Q1 2024.
CEO Aditya Mittal noted that a cautious short-term outlook is warranted, citing growing uncertainty around global trade rules, which is undermining business confidence and could lead to further economic disruption if left unaddressed. However, he highlighted encouraging signs of government support for domestic manufacturing across several regions. In the US, Section 232 tariffs are helping sustain higher prices and spreads, while in Europe, the Steel and Metals Action Plan signals a strong commitment to protecting strategically vital sectors such as steel.
Mittal emphasized the need for swift implementation of the plan to restore competitiveness and enable continued investment in European steelmaking.