ArcelorMittal finishes 2025 with profitable quarter

ArcelorMittal, which operates steel mills in several parts of the world, has reported adjusted net income of more than $650 million for the fourth quarter of 2025 and more than $2.9 billion for the entire year.

Those figures are higher when compared with one year earlier, with the Luxembourg-based iron mining and steelmaking company’s full-year income rising by 26 percent compared with 2024, while its adjusted quarterly earnings rose by more than 60 percent compared with one year earlier.

ArcelorMittal CEO Aditya Mittal calls 2025 a pivotal year for the global steel industry and ArcelorMittal.

"While the ongoing geopolitical volatility brought significant challenges, important foundations were also laid for a more supportive operating environment moving forwards," Mittal says. “The global economy has seen a shift towards greater domestic supply resilience, including the introduction of widespread tariffs. This led to an increasing number of countries finally taking steps to address the competitiveness of their manufacturing industries. Nowhere was this more necessary than in Europe, where ArcelorMittal has significant, high-quality operations.

“One of the most important developments was the proposal for new trade measures in Europe and the enhancements to the Carbon Border Adjustment Mechanism (CBAM), to level the playing field on carbon costs. Combined, this will enable European producers to recover to sustainable utilization levels and generate healthy returns on capital.”

Mittal says the outlook also is more favorable in other places the firm operates, including in India, where the company is growing its presence and enhancing its product offering.

“We are also uniquely exposed to emerging macro growth drivers such as the energy transition, defense, data centers and infrastructure," Mittal says. "Overall, this combination of positive regulatory developments, structurally supportive macro trends and an improved operating environment leave us well placed to continue delivering on our long-term commitment to achieve consistent returns for shareholders.”

In addition to CBAM in Europe, the company points to a new tariff-rate quota (TRQ) trade system that ArcelorMittal says resets the outlook for the European steel industry.

“Lower imports will lead to higher capacity utilization, restoring profitability and returns on capital to healthy, sustainable levels,” the company says.

The company notes the ongoing ramp‑up of its 1.5 million-tons-per-year electric arc furnace (EAF) in Calvert, Alabama, is headed toward full utilization.