ArcelorMittal Posts Strong 2025 Results, Eyes 2026 Demand Growth
Strategic execution continued to deliver structurally improved margins in 2025.
SEATTLE (Scrap Monster): ArcelorMittal, the world’s leading integrated steel and mining company, reported resilient financial and operational performance for the three-month and twelve-month periods ended December 31, 2025, despite persistent global headwinds.
The company highlighted significant progress in workplace safety, noting improvements across all key safety performance indicators. ArcelorMittal is now entering the second year of its three-year safety transformation program.
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Strategic execution continued to deliver structurally improved margins in 2025. The group generated EBITDA of $6.5 billion, including $0.7 billion from strategic growth investments. Key contributors included record iron ore shipments from Liberia and continued expansion of renewable energy capacity in India. EBITDA per tonne increased to $121, more than double previous cycle lows, reflecting asset optimization, diversified market exposure, and benefits from long-term investments. Full-year net income reached $3.2 billion, with basic earnings per share of $4.13.
Looking ahead, ArcelorMittal expects ex-China global steel demand to grow by 2% in 2026, with higher production and shipments across all regions. Capital expenditure for 2026 is projected at $4.5–$5.0 billion to support growth opportunities.