ArcelorMittal Posts Higher Net Income Amid Changing EU Steel Policies

ArcelorMittal’s recent financial results and statements highlight the company’s performance in 2025 and the evolving policy environment for European steel producers. The period saw notable changes in earnings, production, and regulatory measures affecting the sector.

For the first nine months of 2025, ArcelorMittal reported a net income of $2.975 billion, representing a 72% increase compared to the previous year. This rise was largely attributed to atypical operations, including asset sales in the United States and Kazakhstan. Despite the increase in net income, the company’s revenue declined by 2.8% to $40.375 billion over the same period.

ArcelorMittal’s EBITDA for the first nine months of 2025 fell by 8.3% to €4.307 billion. The company’s Europe segment achieved an EBITDA of $513 million in the third quarter of 2025, up from $403 million in the same quarter of 2024. Steel shipments in Europe increased to 7.001 million tonnes in Q3 2025, while crude steel production in the region decreased to 7.251 million tonnes.

During the third quarter of 2025, the average steel selling price in Europe remained unchanged at $915 per tonne compared to the previous year. ArcelorMittal’s interim report for the first half of 2025 stated that expectations of tighter safeguards and German infrastructure stimulus supported European steel prices. The company also said that enhanced safeguards and new anti-dumping measures in the EU contributed to supporting prices and spreads during the first quarter of 2025.

What the numbers show

• Net income for the first nine months of 2025 reached $2.975 billion, a 72% increase
• Revenue for the same period was $40.375 billion, down 2.8%
• EBITDA for the first nine months of 2025 was €4.307 billion, down 8.3%
• Q3 2025 steel shipments in Europe were 7.001 million tonnes
• Average steel selling price in Europe in Q3 2025 was $915 per tonne

On October 7, 2025, the European Commission proposed strengthened trade measures affecting the steel industry. ArcelorMittal’s Q3 2025 results highlighted that these measures, together with the Carbon Border Adjustment Mechanism (CBAM), could help restore fair competition and support capacity utilization for European steel producers.

Aditya Mittal, CEO of ArcelorMittal, stated optimism for 2026, pointing to new European steel protection measures such as the CBAM and 50% tariffs on non-EU imports as supportive for the industry. The company’s filings during 2025 referenced these policy developments as factors influencing the operating environment and market conditions for steel in Europe.

ArcelorMittal’s financial reports indicated that asset sales and policy changes were key drivers of its 2025 performance. The company’s statements throughout the year consistently referenced the impact of evolving European trade measures and market support mechanisms on its results.

Industry reaction

ArcelorMittal stated in its Q3 2025 results that the European Commission’s proposed trade measures, along with an effective CBAM, could help restore fair competition and support European steel capacity utilization.

The company’s earlier filings in 2025 said that enhanced safeguards and anti-dumping measures in the EU supported prices and spreads, while expectations of tighter safeguards and German infrastructure stimulus contributed to price support in the region.

* This article is based on publicly available information at the time of writing.