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- ArcelorMittal reported a 62% year-on-year fall in net income to $683 million for the June 2026 quarter, down from $1,793 million a year earlier.
- However, earnings were about 19% higher than the previous quarter, and sales rose to $16.8 billion from $15.9 billion a year ago, helped by higher steel prices and increased shipments.
- The company's Indian joint venture, AMNS India, in which it holds a 60% stake, saw improved results, with EBITDA rising to $257 million from $195 million in the previous quarter.
- CEO Aditya Mittal said new tariff rate quotas and the carbon border adjustment mechanism are creating a more balanced competitive environment.
What to watch next
- Whether net income continues to recover quarter-on-quarter after the sharp year-on-year drop
- Further improvement in AMNS India's results driven by the positive price-cost effect
- Impact of the new tariff rate quota and CBAM on the company's competitive position and profitability
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Named Luxembourg · India · Japan · Aditya Mittal · ArcelorMittal · ArcelorMittal Nippon Steel India · Nippon Steel
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