ArcelorMittal, the world’s second-largest steel producer, increased EBITDA by 23% in the second quarter of 2026 compared with the first quarter, to $2.06 billion, the company said in a statement. The figure rose by 11% compared with the same period last year.
Net profit amounted to $683 million, which was 18% higher than in the previous quarter but 62% below the profit recorded in the second quarter of 2025.
Revenue increased by almost 8% quarter-on-quarter and by 5% year-on-year in the second quarter, to $16.8 billion. The main reason for the improvement was a 4.4% increase in the average steel price.
ArcelorMittal’s capital expenditure amounted to $1.1 billion in April-June. Net debt increased to $9.5 billion at the end of June, compared with $9.3 billion as of March 31.
In the second quarter, the company increased steel production by 7.5% compared with the previous three months, to 14.3 million tonnes, versus 14.4 million tonnes a year earlier. Steel shipments amounted to 13.4 million tonnes in the quarter, compared with 12.8 million tonnes in the previous quarter and 13.8 million tonnes a year earlier. Iron ore production amounted to 13.5 million tonnes during the quarter, compared with 9.7 million tonnes in the first quarter and 11.8 million tonnes a year earlier.
The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) will raise prices for its rebar and wire rod by $50/ton starting in March this year.
According to a press release issued by the company on Wednesday, the main reason for this move is the extremely high cost of electricity in Ukraine. Electricity prices have continued to rise rapidly in recent years, making them the highest in Europe and seriously affecting production costs.
At the same time, it is noted that in the second quarter of 2024, the average price of electricity reached about $120 per MWh (including delivery costs, excluding VAT), which forced the company to urgently appeal to the Ukrainian government for help in curbing it. Since then, prices have continued to rise, reaching around $230 in February 2026 and exceeding $370 per MWh during peak hours.
“This unprecedented increase in the cost of electricity is forcing the company to take urgent measures to ensure the economic viability of its operations,” the press release explains.
ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod. The company has a full production cycle, with production capacities designed for an annual output of over 6 million tons of steel, more than 5 million tons of rolled products, and over 5.5 million tons of pig iron.
ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.
The leadership of the Ukrainian Red Cross (URC), the chairman of the board of ArcelorMittal, and representatives of the Luxembourg Red Cross discussed the issue of attracting resources for the implementation of joint humanitarian projects.
“During a working visit to Luxembourg, I met with Michel Würth, Chairman of the Board of ArcelorMittal, and representatives of the Luxembourg Red Cross at ArcelorMittal’s headquarters. We discussed opportunities for future cooperation in Ukraine and attracting resources for joint humanitarian and research initiatives,” UKK CEO Maxim Dotsenko said on Facebook on Thursday.
According to Dotsenko, for the Ukrainian Red Cross, international partnerships are about trust, shared responsibility, and real support for people affected by the war.
“It is thanks to such interactions that we can strengthen our assistance where it is most needed,” Dotsenko said.
The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) has purchased and commissioned a new gantry crane in the repair shop (RC) of the mining department (MD).
According to information from the company in the corporate newspaper Metallurg, the use of the new crane has made the movement of goods safer.
It is specified that the crane replacement project was implemented as part of the work to achieve FPS corporate standards for occupational safety.
Lyubov Yevseyanko, lead engineer of the GD project implementation department, noted that such cranes are manufactured individually to meet the needs of those who will use them.
“First, together with experts from the repair shop, we specified what equipment they needed. Based on this, a drawing was made, describing the parameters of the future crane. Then we worked with companies that are capable of manufacturing such a crane with high quality, in accordance with standards and within a timeframe that would satisfy us. From several options, we chose the one that best met the criteria. Work began on the manufacture of the equipment,” she said.
Igor Maly, head of the RC GD, highly praised the work of the contractors who manufactured the crane and then participated in its installation and commissioning.
“Our workshop performs repairs and manufactures metal structures, spare parts, assemblies, and mechanisms. We really needed this crane. It replaced the old one, which was no longer safe to use. There was also an urgent need for more powerful equipment: the old crane had a lifting capacity of 5 tons, but recently we have been working more often with heavier products and materials,” explained the workshop manager.
He added that the contractor, the Kyiv Lifting and Transport Equipment Plant, manufactured the crane quickly, efficiently, and in accordance with the requirements. Along with the crane, the rail track on which it moves was also replaced.
ArcelorMittal Kryvyi Rih is the largest manufacturer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod. The enterprise has a full production cycle, and its production capacity is designed for an annual output of over 6 million tons of steel, more than 5 million tons of rolled products, and over 5.5 million tons of pig iron.
ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.
ArcelorMittal reduced its EBITDA by 4.5% in the first quarter of 2025 compared to the fourth quarter, to $1.58 billion, the company said in a statement. Compared to the same period last year, the figure fell by 19.2%.
The quarterly decline in EBITDA was due to weather conditions in Brazil, while prices and costs in Europe also had a negative impact on the figure, along with a decline in financial results in India. At the same time, EBITDA was supported by an improved situation in North America, including higher production volumes and a positive effect from price increases.
Operating profit in the last quarter amounted to $825 million, compared to $529 million in the previous period and $1.072 billion a year earlier. The figure was impacted by impairment charges of $80 million related to the closure of the South African facility, among other things.
Net profit in January-March amounted to $805 million, compared to a loss of $390 million a quarter earlier and a profit of $938 million in Q1 2024. The quarterly increase was driven by higher operating profit, foreign exchange gains (mainly due to the depreciation of the US dollar) and lower taxes.
Revenue increased by 0.6% last quarter to $14.798 billion, amounting to $14.798 billion. In the first quarter of 2024, revenue was $16.282 billion.
ArcelorMittal’s capex in January-March amounted to $1 billion. The capex target for this year is $4.5-5 billion, including $1.4-1.5 billion for strategic projects and $300-400 million for decarbonization projects.
In the first quarter, the company increased steel production by 5.7% compared to the previous three months, to 14.8 million tons (14.4 million tons a year earlier). The company shipped 13.6 million tons of steel last quarter (13.5 million tons in the previous quarter and a year earlier). Iron ore production in the quarter decreased by 6.3% to 11.8 million tonnes (10.2 million tonnes a year earlier).
Steelmaker ArcelorMittal reduced its net loss and increased its revenue in the fourth quarter, while its EBITDA exceeded analysts’ forecasts.
According to the company’s press release, in October-December 2024, its net loss amounted to $390 million, or $0.51 per share, compared to a loss of $2.97 billion, or $3.57 per share, in the comparable period of the previous year. Excluding one-time items, earnings were $0.52 per share versus $1.18 a year earlier.
The earnings adjustment includes a one-time tax expense related to the change in the tax rate in Luxembourg ($0.4 billion) and a provision for tax litigation ($0.2 billion).
The company’s EBITDA in the fourth quarter increased by 13% to $1.65 billion from $1.45 billion a year earlier, while the consensus analysts’ forecast, presented earlier by the company itself, envisaged an increase to $1.53 billion.
ArcelorMittal’s revenue in the reporting quarter increased to $14.7 billion from $14.6 billion in the fourth quarter of 2023.
Steel production in the fourth quarter increased to 14 million tonnes from 13.7 million tonnes a year earlier, while steel supplies rose to 13.5 million tonnes against 13.3 million tonnes.
The company expects global steel consumption (excluding China) to grow by 2.5%-3.5% in 2025 compared to 2024.
Shares of ArcelorMittal are up 3.5% in trading on Thursday.
