ArcelorMittal sees 2% rise in steel sales

Mumbai: ArcelorMittal, among the world's largest integrated steel producers, Thursday projected a 2% increase in global demand for steel this calendar year, ex-China. "The company forecasts steel production and shipments to increase across all regions in 2026 versus 2025, supported by operational improvements and the impact of trade protections," it said.

"In Europe in particular, ArcelorMittal is expecting to benefit as domestic mills progressively regain market share from imports with the combined effect of CBAM (Carbon Border Adjustment Mechanism) and the new TRQ (tariff rate quota) mechanism strengthening through the year," the company said in an earnings release.

In 2025, ArcelorMittal's sales fell to $61.35 billion from $62.44 billion a year ago. Net income for the year rose to $3.15 billion from $1.34 billion a year ago.