Copyright thehindubusinessline
ArcelorMittal Nippon Steel India reported that its income in the September quarter was down 6 per cent at $1.5 billion against $1.6 billion due to fall in realisation. Production was up at 1.83 million tonnes (1.74 mt) while sales increased to 1.94 mt (1.89 mt). EBITDA was up 9 per cent at $217 million ($162 million), driven primarily by higher shipment volumes. On September 30, ArcelorMittal announced the issuance of €650 million 3.250 per cent notes due September 2030. The notes were issued under ArcelorMittal’s wholesale Euro Medium Term Notes Programme. The proceeds of the issuance will be used for general corporate purposes and refinancing existing indebtedness, it said. Globally, ArcelorMittal reported a 31 per cent rise in September quarter net income to $377 million against $287 million logged in the same period last year. The Luxembourg-based company registered a 3 per cent rise in sales at $15.65 billion ($15.19 billion). “While markets are challenging and tariff-related headwinds persist, we are seeing signs of stabilisation and are optimistic on the outlook for our business in 2026, when we will benefit from more supportive industry policies in key markets,” said Aditya Mittal, Chief Executive Officer, ArcelorMittal. ArcelorMittal is one of the world’s leading steel and mining companies, with a presence in 60 countries and primary steel-making facilities in 15 countries. Published on November 6, 2025
