Steel Giant Reports Decline in Quarterly Earnings

ArcelorMittal unveiled its first-quarter financial results for 2025, showcasing a notable 9% decline in sales to $14.8 billion, down from $16.3 billion in the previous year. This downturn is attributed to weaker steel prices and a subdued global demand for steel products.

Financial Performance Highlights

The company's net income also took a hit, falling by 14% to $805 million compared to $938 million in Q1 2024. Additionally, basic earnings per share decreased by 9.5% to $1.05, and EBITDA saw a 19% reduction to $1.6 billion from $2 billion the year before.

Resilience in Challenging Times

Despite these challenges, ArcelorMittal highlighted its operational resilience, particularly in Liberia and North America, which helped cushion the impact on margins. The company remains committed to its strategic investment plans and capital return policy, signaling confidence in its long-term growth strategy.