Quarterly ResultJul 31, 2026, 01:41 PM
ArcelorMittal H1 2026 Sales $32.2B; Steel Shipments 26.2M Tonnes
AI Summary
ArcelorMittal reported sales of $32.2 billion for the first half of 2026, an increase from $30.7 billion in H1 2025. Steel shipments decreased to 26.2 million tonnes, while crude steel production also saw a decline. Iron ore production, however, rose to 26.4 million tonnes. The company noted a challenging global economic environment due to the Middle East conflict, leading to higher energy prices and varied steel demand across regions, with strong demand in the US and India offsetting weakness in the EU and China.
Key Highlights
- H1 2026 sales increased to $32.2 billion from $30.7 billion in H1 2025.
- H1 2026 steel shipments were 26.2 million tonnes, down from 27.4 million tonnes in H1 2025.
- H1 2026 crude steel production was 27.6 million tonnes, down from 29.2 million tonnes in H1 2025.
- H1 2026 iron ore production rose to 26.4 million tonnes from 23.6 million tonnes in H1 2025.
- US HRC spot prices reached $1,193/tonne in Q2 2026, up from $947/tonne in Q4 2025.
- European HRC spot prices averaged €692/tonne (Northern) and €685/tonne (Southern) in Q2 2026.
- Seaborne iron ore prices averaged $107.13/t in Q2 2026, up from $105.79/t in Q1 2026.
- Coking coal prices averaged $239.80/t in Q2 2026, up from $236.07/t in Q1 2026.
Price Impact
More from MT