ArcelorMittal Reports Strong Q2 Performance and Outlook for Continued Momentum in H2
ArcelorMittal reported a strong second-quarter performance, with EBITDA rising to $2.1 billion or $155 per ton. The European segment achieved an EBITDA of $98 per ton, marking a three-year high driven by improved market conditions and policy support. Management expects this momentum to continue into the remainder of 2026 due to stronger order books in Europe and production restarts across Spain, Poland, and France. The company anticipates stable-to-higher third-quarter shipments supported by new tariff-rate quotas that are expected to reduce steel imports and help regain market share. ArcelorMittal also expects positive full-year free cash flow and $1.8 billion of incremental EBITDA from strategic growth projects starting in 2026, with key initiatives focused on India, Brazil, the U.S., and sustainable solutions. Despite production restarts increasing carbon costs, management believes higher capacity utilization will offset these expenses. European demand remains stable rather than surging, but import reductions are seen as a primary driver of shipment growth.
Tickers: $MT
Topics: ebitda performance production outlook steel industry strategic growth