The group’s net profit for the period amounted to $1.26 billion

Global steelmaker ArcelorMittal reported revenue of $32.2 billion for the first half of the year, up 4.9% on the same period last year. This is stated in the group’s report.

The group’s net profit for the period stood at $1.26 billion, compared with $2.6 billion in the first half of 2025.

EBITDA (earnings before interest, taxes, depreciation and amortisation) rose by 8.8% year-on-year in January–June, to $3.74 billion.

Operating income for the first half of the year stood at $1.8 billion (-34.4% year-on-year).

Meanwhile, US tariffs on steel imports are still costing ArcelorMittal around $150 million per quarter, as they are affecting the group’s Canadian exports. This was revealed to Reuters by the company’s chief financial officer, Genuino Cristino.

According to him, ArcelorMittal continues to incur targeted costs in Canada of around $600 million a year. He noted that the country’s response in the form of its own tariffs was insufficient to offset the impact on the group’s local operations, despite the fact that it helps the steel sector.

However, Cristino added that the company has not lost market share and continues to supply products to the US automotive industry.

It should be recalled that, in the first half of 2026, ArcelorMittal reduced its steel output by 5.5% year-on-year – to 27.6 million tonnes. In the second quarter, the figure stood at 14.3 million tonnes, slightly below the 14.4 million tonnes recorded in the same period of 2025.