ArcelorMittal increased its EBITDA by 34% year on year to USD 2.02 billion in the third quarter of 2026. The company stated that the European Union’s trade measures on steel imports have begun to support market conditions in the region, while flat steel shipments in Europe increased compared to the previous quarter, contrary to seasonal trends.
Global steel producer ArcelorMittal announced its financial and operational results for the third quarter of 2026 on November 5, 2026.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) increased from USD 1.51 billion in the same period last year to USD 2.02 billion. EBITDA per ton increased from USD 111 to USD 155.
ArcelorMittal stated that strategic growth investments, optimization of production assets and operations across different markets contributed to this performance.
According to the company, the European Union’s strengthened trade measures have begun to reduce the share of steel imports in the region and increase domestic production capacity utilization.
Following the implementation of the new tariff rate quota framework, ArcelorMittal reported that it had restarted all its blast furnaces in Europe.
The company stated that flat steel shipments in Europe increased quarter on quarter in the third quarter, contrary to normal seasonal trends.
ArcelorMittal noted that high energy costs in Europe have created temporary cost pressures on production, although steel prices have begun to adjust to higher cost conditions.
ArcelorMittal’s crude steel production increased from 13.6 million tons in the same quarter last year to 13.7 million tons in the third quarter.
However, total steel shipments decreased from 13.6 million tons to 13 million tons year on year.
The company’s total iron ore production increased from 12.1 million tons to 12.6 million tons year on year.
In the first nine months of 2026, ArcelorMittal recorded crude steel production of 41.3 million tons and steel shipments of 39.2 million tons.
ArcelorMittal expects growth in European flat steel shipments to accelerate in the final quarter of the year.
The company forecasts a double-digit year-on-year increase in European flat steel shipments in the fourth quarter, while total group shipments in the second half of 2026 are expected to exceed those in the first half.
ArcelorMittal CEO Aditya Mittal stated that the European Union’s Carbon Border Adjustment Mechanism (CBAM) and new tariff rate quota framework have created a more balanced and sustainable operating environment for the European steel industry.
Mittal added that the positive effects of European trade policies are expected to become more pronounced from 2027 onward.
The company reported a net loss attributable to equity holders of the parent of USD 391 million in the third quarter. Impairment charges and exceptional expenses related to the suspension of operations at the ArcelorMittal Kryvyi Rih facility in Ukraine contributed to this result.
ArcelorMittal recorded impairment charges of USD 852 million and exceptional expenses of USD 293 million related to these operations.
Adjusted net profit, excluding these items and their associated tax effects, increased from USD 683 million in the second quarter to USD 868 million in the third quarter.
