ArcelorMittal Increases Revenue to $32.2 Billion, Net Profit Halved

In the first half of 2026, ArcelorMittal increased its revenue by 4.9% to $32.2 billion, while EBITDA rose by 8.8% to $3.74 billion. Net profit amounted to $1.26 billion, which is more than halved compared to $2.6 billion a year earlier. Steel production decreased by 5.5% to 27.6 million tons. The revenue growth was driven by a 10.2% increase in the average selling price of steel, despite a decline in shipment volumes. EBITDA grew from $3.44 billion to $3.74 billion due to improved results in Europe, North America, and India. In the second quarter, revenue increased by 8.4% to $16.8 billion, EBITDA rose by 22.9% to $2.06 billion, and net profit increased from $575 million to $683 million. Free cash flow for the half-year was -$1.49 billion, and net debt rose to $9.5 billion. The capital expenditure forecast for 2026 is $4.5-5 billion.

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