ArcelorMittal expects EU steel tariff increase to boost production and earnings

14 articles · Updated · The Wall Street Journal · Apr 30

ArcelorMittal reported a net profit of $575 million for January-March 2026, down from $805 million last year, but above analyst forecasts.
The company produced 13.3 million metric tons of crude steel, with EBITDA rising to $1.68 billion. EU tariffs on non-EU steel imports will double from July 1, aiming to protect domestic producers.
ArcelorMittal plans to leverage the higher tariffs by ramping up output, including restarting idled capacity, as the EU seeks to shield its steel industry from foreign competition.

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