ArcelorMittal reported a net income of USD 1.79 bln for Q2 2025, up from USD 1 bln a year earlier, driven by USD 0.8 bln in exceptional gains (net of impairments and tax effects). Quarterly sales rose 7.6pct YoY to USD 15.92 bln.
Steel production dipped slightly to 14.4 mln tons from 14.7 mln tons, while shipments edged down to 13.8 mln tons from 13.9 mln tons in Q2 2024.
In H1 2025, net income surged 80.2pct YoY to USD 2.59 bln, despite a 5.6pct drop in revenue to USD 30.7 bln due to lower average steel prices. Steel production and shipments for the first half were marginally higher at 29.2 mln and 27.4 mln tons, respectively.
CEO Aditya Mittal highlighted improved margins, with EBITDA per ton rising to USD 135. He noted progress in U.S. operations, emphasizing Calvert’s transformation into a low-carbon hub for high-end segments like automotive, as well as strategic growth moves including M&A and the ramp-up of Liberia’s new concentrator, boosting iron ore capacity to 20 mln tons.
Mittal pointed to positive signs in Europe from rising infrastructure and defense spending but stressed the need for clarity on safeguards, CBAM, and energy pricing.
Despite global headwinds, he expressed confidence in ArcelorMittal’s ability to invest, grow, and deliver shareholder returns, supported by its strong balance sheet and exposure to growth markets such as India and Brazil.
