ArcelorMittal Q1 income dips 14% to $805 mn as sales drop 9% to $14.79 bn

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ArcelorMittal Q1 income dips 14% to $805 mn as sales drop 9% to $14.79 bn - Business Standard

Quick Summary:

Global steel giant ArcelorMittal, which also has presence in India, on Wednesday posted over 14 per cent fall in net income at USD 805 million for the first quarter ended March 31, 2025, dragged by lower sales amid global geopolitical challenges.

CEO Aditya Mittal said from a financial perspective, it was another quarter of consistent delivery and robust margins, particularly given the geopolitical challenges, with EBITDA of USD 116 per tonne.

It had posted USD 938 million "net income attributable to equity holders of parent" for the year-ago quarter, the company said in a statement.