en.Wedoany.com Reported - Global steel producer ArcelorMittal released its first-half 2026 results, with revenue up 4.9% year-on-year to $32.2 billion, but net profit fell to $1.26 billion from $2.6 billion in the same period last year, a decline of more than half.

During the same period, the company's EBITDA grew 8.8% to $3.74 billion, while operating profit fell 34.4% to $1.8 billion. ArcelorMittal Chief Financial Officer Genuino Cristino stated that U.S. tariffs on steel imports continue to cost the company approximately $150 million per quarter, with the main impact stemming from Canadian product supplies. The company incurs additional annual expenses of around $600 million in Canada as a result.

Despite the tariff impact, ArcelorMittal said it has not lost market share and continues to supply the U.S. automotive industry.

In terms of production, the company's steel output in the first half decreased 5.5% year-on-year to 27.6 million tons. Crude steel production in the second quarter was 14.3 million tons, compared with 14.4 million tons in the same period last year.

Additionally, ArcelorMittal noted that its European business outlook has improved against the backdrop of strengthened trade protection in the EU market and a gradual recovery in demand.