ArcelorMittal on Thursday posted a about 62 per cent year-on-year fall in its net income to $683 million in the June 2026 quarter.The company, which also has a significant presence in India, had reported a net income of $1,793 million in the second quarter of 2025.However, on a quarter-on-quarter basis, the company's net income in April-June was around 19 per cent higher than $575 million in January-March or the first quarter of 2026, driven by sales growth.Luxembourg-headquartered ArcelorMittal follows January to December as its financial year.In the second quarter, its sales rose to $16.8 billion from 15.9 billion in April-June 2025.On a quarter-on-quarter basis, sales increased by 8.4 per cent compared to $15.5 billion in Q1 2026, reflecting 4.4 per cent higher average steel prices and a 4.1 per cent increase in steel shipments.Crude steel production was at 14.3 million tonne, marginally lower from 14.4 MT in the second quarter last year, but higher than 13.3 MT in the preceding quarter.On a year-on-year basis, steel shipments were down at 13.4 MT during April-June, but higher than 13.3 MT in January-March 2026.Aditya Mittal, ArcelorMittal Chief Executive Officer, said, "Today's results, with second quarter EBITDA per tonne of $155, demonstrate the continued evolution of our business towards structurally higher levels of profitability".He said the implementation of the new tariff rate quota alongside CBAM (carbon border adjustment mechanism) is creating a more balanced competitive environment.ArcelorMittal owns a 60 per cent stake in ArcelorMittal Nippon Steel India (AMNS India), a key steel-making entity in India. The remaining stake is held by Japan-based Nippon Steel.In India, the company said income from associates, joint ventures and other investments increased to $229 million in the second quarter of 2026 compared to $177 million in Q1 2026, due to stronger AMNS India results.AMNS India EBITDA increased to $257 million in Q2 2026 against $195 million in Q1 2026 due to a positive price-cost effect.Its sales increased by 2.4 per cent to $1.7 billion in Q2 2026 from $1.6 billion in Q1 2026, driven by higher average steel selling prices.In April-June 2025, EBITDA was at 200 million and sales at $1.4 billion.Published on July 30, 2026