AM/NS India EBITDA up 34% in September quarter on higher shipments

ArcelorMittal Nippon Steel India's EBITDA rose to $217 million in Q3 2025 as steel shipments increased, though softer prices weighed on overall revenue

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ArcelorMittal Nippon Steel India (AM/NS India) on Thursday reported a 34 per cent increase in Ebitda (earnings before interest, tax, depreciation and amortisation) at $217 million in the July-September quarter from $162 million during the last year period on the back of higher shipment volumes.

 

Sequentially Ebitda was 8.6 per cent up from $200 million.

 

Steel shipments during the quarter stood at 1.94 million tonnes (mt), up 2.8 per cent from the year-ago period.

 

Higher steel shipments were however partially offset by a decrease in average steel prices. Sales during the quarter stood at $1.5 billion, down 2.7 per cent from a year back. Steel production during the quarter was at 1.8 mt compared to 1.7 mt a year back.

 

The numbers were published as part of ArcelorMittal’s results for the three-month and nine-month periods ended September 30, 2025. The global steel major follows a January-December financial year.

 

ArcelorMittal has a 60 per cent equity interest in AM/NS India.

 

The world’s second largest steelmaker during the quarter reported net income of $377 million attributable to equity holders compared to $287 million in the year-ago period.

 

Adjusted net income attributable to equity holders declined to $474 million from $488 million a year back.

 

The company reported Ebitda of $1.51 billion during the quarter compared to $1.58 billion in the year-ago period.

 

Commenting on the results, Aditya Mittal, ArcelorMittal Chief Executive Officer, said, the company reported resilient results in what was typically a seasonally weak quarter.

 

He added that the most significant development during the quarter was the European Commission’s proposal of strengthened trade measures.

 

“Once enacted, this will support the European steel industry’s ability to improve capacity utilisation, improve profitability, and invest with confidence for the future. We now hope for swift approval and implementation of the proposal, as well as supportive revisions to the Carbon Border Adjustment Mechanism,” Mittal said.

 

Mittal also said, “While markets were challenging and tariff-related headwinds persist, we are seeing signs of stabilisation and are optimistic on the outlook for our business in 2026, when we will benefit from more supportive industry policies in key markets.”