ArcelorMittal Consortium

Steel and mining major ArcelorMittal on Thursday reported a 31.35 per cent rise in net income to USD 377 million in the September quarter. The Luxembourg-based company had posted a net income of USD 287 million in the year-ago period. The net income is attributable to equity holders of the parent company. The company follows a January-December financial year. Its sales increased by 3 per cent to USD 15,657 million, over USD 15,196 million a year ago. "While markets are 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," its Chief Executive Officer Aditya Mittal said in a statement. "Turning to financial performance, the company reported resilient results in what is typically a seasonally weak quarter. The underlying strength of the business is again evident in the structurally higher margins delivered over the

ArcelorMittal shipped about 13.6 million tons of steel in the first quarter, slightly up from the year-ago period

The report also sets out a series of strategic investments, pilots, and partnerships to accelerate the uptake of breakthrough technologies necessary to produce net zero steel in India

ArcelorMittal holds a 50% stake in Tameh Holding via two of its subsidiaries, with Tauron owning the rest

The company had posted a net income of USD 1,207 million in the year-ago period

ArcelorMittal bid over a rival one from a group including India's JSW Steel