Overview

• ArcelorMittal reported a $805 million net profit for Q1 2025, a 14% year-on-year decline, surpassing analyst expectations despite lower sales.
• CEO Aditya Mittal highlighted ongoing trade policy uncertainties, including U.S. tariffs and global overcapacity, as risks to business confidence and economic growth.
• The company reaffirmed its $4.5–5 billion decarbonisation investment plan, while maintaining the suspension of a €1.8 billion project in France, leading to 600 job cuts.
• ArcelorMittal anticipates strong steel demand in India, supported by safeguard duties, but expects continued low margins in China due to significant overcapacity.
• European steelmakers, including ArcelorMittal, flagged weak pricing and high energy costs as persistent challenges for the remainder of 2025.