Luxembourg steelmaker ArcelorMittal announced financial results for the first quarter of 2026.
In the first quarter of this year, ArcelorMittal recorded a net profit of $575 million, compared with a net profit of $177 million recorded in the fourth quarter of 2025. The company's net income fell 28.6 percent year over year from the $805 million reported in the first quarter of 2025. In the period, the company's sales revenue grew 3.2 percent quarter-on-quarter and 4.5 percent year-on-year to $15.46 billion, helped by rising average steel selling prices.
Over the same period, operating income rose to $753 million from $327 million recorded in the prior quarter, down 8.7% year-over-year. The company's EBITDA was $1.68 billion, up 5.4% quarter-on-quarter from $1.59 billion and 6.3% year-on-year, helped by improvements in the North American segment. ArcelorMittal's EBITDA per tonne increased to $131/t from $123/t in the previous quarter, up $15/t year-on-year from $116/t.
Production increases while supplies decline
In the first quarter of 2026, ArcelorMittal steel production increased by 3.9 percent quarter-on-quarter to 13.3 million tons, down 10.1 percent year-on-year. The company's total steel shipments decreased by 1.5% in the quarter and by 5.9%
