Steel Giant Reports Q1 Financial Results

ArcelorMittal, the world's leading steel and mining company, announced its first-quarter sales for 2025 at $14.8 billion, marking a 9% decrease from the previous year's $16.3 billion. This downturn is attributed to weaker steel prices and a global demand slowdown.

Financial Performance Overview

The company's net income saw a 14% year-on-year decline, settling at $805 million compared to $938 million in Q1 2024. Earnings per share also dropped by 9.5% to $1.05, down from $1.16. Furthermore, EBITDA fell by 19% to $1.6 billion from $2 billion in the same period last year.

Resilience in a Tough Market

Despite these challenges, ArcelorMittal highlighted its operational resilience, particularly in Liberia and North America, which helped sustain margins. The company remains committed to its strategic investments and capital return policy, signaling confidence in its long-term growth strategy amidst a fluctuating global market.