On Thursday 5 November 2026, Luxembourg-headquartered steel manufacturer ArcelorMittal announced its third-quarter 2026 financial results, reporting a net loss of $391 million (€348 million), compared with a net profit of $377 million (€335 million) in the same period last year.
The company attributed the loss partly to impairment and exceptional charges related to the idling of its Kryvyi Rih operations in Ukraine. Adjusted net income reached $868 million (€772 million), up from $683 million (€608 million) in the previous quarter.
Sales totalled $16.47 billion (€14.66 billion), compared with $15.66 billion (€13.94 billion) in the third quarter of 2025. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 34% year-on-year to $2.02 billion (€1.80 billion), while EBITDA per tonne increased to $155 (€138).
Crude steel production, in a meantime, reached 13.7 million tonnes, compared with 13.6 million tonnes a year earlier, while steel shipments declined from 13.6 million to 13.0 million tonnes.
Net debt stood at $10.3 billion (€9.17 billion) at the end of September 2026, while liquidity reached $8.7 billion (€7.74 billion). During the first nine months of the year, ArcelorMittal returned $1.1 billion (€979 million) to shareholders through dividends and share buybacks.
Commenting on the results, ArcelorMittal Chief Executive Officer Aditya Mittal said: "Our third quarter performance provides further evidence of the structural improvement in ArcelorMittal's earnings capacity."
He noted that higher energy costs in Europe, weather-related disruptions and lower mining prices had affected performance. However, he highlighted improving conditions in the European steel market and progress on the company's strategic growth projects, expressing confidence in its long-term outlook.
ArcelorMittal expects European steel shipments to increase in the fourth quarter following the introduction of enhanced European Union (EU) trade measures. The company maintained its 2026 capital expenditure guidance of $4.5 billion to $5.0 billion (€4.00 billion to €4.45 billion), including $1.7 billion to $1.9 billion (€1.51 billion to €1.69 billion) for strategic investments.
