ArcelorMittal

Global steel giant ArcelorMittal reported a 31% year-on-year increase in net income for the September quarter, driven by a rebound in steel demand, improved pricing, and operational efficiencies across key markets. The company’s performance underscores its ability to navigate cost pressures and volatile raw material prices while sustaining profitability.

ArcelorMittal, the world’s second-largest steelmaker, reported a dramatic threefold increase in net income for the second quarter, reaching $1.8 billion. The earnings rebound reflects improved market dynamics, strong operational efficiency, and recovering steel demand across key regions. The Luxembourg-based multinational saw notable improvement in profitability despite persistent macroeconomic headwinds and cost pressures. Management attributed the results to higher shipment volumes, better pricing power, and strategic cost discipline.