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ArcelorMittal on Thursday posted a about 62 per cent year-on-year fall in its net income to USD 683 million in the June 2026 quarter. The company, which also has a significant presence in India, had reported a net income of USD 1,793 million in the second quarter of 2025. However, on a quarter-on-quarter basis, the company's net income in April-June was around 19 per cent higher than USD 575 million in January-March or the first quarter of 2026, driven by sales growth. Luxembourg-headquartered ArcelorMittal follows January to December as its financial year. In the second quarter, its sales rose to USD 16.8 billion from 15.9 billion in April-June 2025. On a quarter-on-quarter basis, sales increased by 8.4 per cent compared to USD 15.5 billion in Q1 2026, reflecting 4.4 per cent higher average steel prices and a 4.1 per cent increase in steel shipments. Crude steel production was at 14.3 million tonne, marginally lower from 14.4 MT in the second quarter last year, but higher than 1