ArcelorMittal's Q3 results show resilience in tough market
ArcelorMittal, one of the world's biggest steelmakers, just posted a strong third quarter—net income rose by 31% to $377 million, and sales edged up to $15.66 billion.
Even with a tough market, the company is showing some serious staying power.
Record iron ore output and solid liquidity
ArcelorMittal boosted its earnings (EBITDA) to $1.5 billion and hit record iron ore output—12.1 million tons, thanks to record contributions from AMMC and Liberia operations.
Steel production reached 13.6 million tons for the quarter.
Despite big numbers, net debt stayed at $9.1 billion but liquidity remains solid at $11.2 billion.
Share buybacks and investment plans signal confidence
The company bought back 8.8 million shares this year (worth $262 million) and plans to invest up to $5 billion in projects, with a focus on efficiency and value-added markets—a sign it's planning for long-term growth even as global challenges continue.