Steel companies
Europe called for increased legislative support to encourage decarbonization and increase profitability, as rising steel prices and lower import volumes are reflected in more positive financial results.
, , , , , , , , , , , ,Reporting its financial results for the first half of 2026, ArcelorMittal reported that its sales increased by 25% to 15.2 billion. EBITDA increased by 20% to almost 1.2 billion US dollars. US dollars. This is despite a 7.3% decrease in production in Europe and a 4% reduction in supplies over the period. In the second quarter
andThere was a significant improvement as buyer uncertainty about the cost and availability of imported goods increased ahead of the introduction of new protective trade measures in the EU and the UK on July 1. In the period from April to June, ArcelorMittal's production in Europe increased by 10.5% compared to the previous quarter, and EBITDA increased by 39% due to higher selling prices. In Europe, ArcelorMittal's EBITDA margin per tonne increased by $28 compared to the previous quarter to $98 per tonne, the highest in the last three years.
Steel MillHe stated that further improvements are expected after the introduction of reduced import quotas (TRQS) and 50% tariffs exceeding quotas by the European Commission. Deliveries in the second half of 2026 are expected to exceed the figures for the first six months in all segments.
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- This article first appeared in the July issue of the MEPS International report on European steel . The monthly review features steel prices, indexes, comments, and forecasts for 12 months, covering Belgium, France, Germany, Italy, Spain, and the United Kingdom. Contact MEPS for more information on how to subscribe. The August study of MEPs from,,
It showed that the summer holidays and high inventories led to restrictions on purchases for several weeks after the new steel trade protection mechanism under EU regulation came into effect on July 1. The increase in prices for rolled products in the EU was analyzed. Nevertheless, prices for sheet and long products were stable and did not decrease.
However, the demand for domestically produced steel is growing as CBAM taxes, increased tariffs and shipping costs reduce the attractiveness of imports. The interviewed MEPs note that as a result, European service centers are experiencing difficulties. Rising procurement costs and low end-user demand are undermining their profitability.
,Steel mills are reporting an increase in inquiries and prices. ,
,Thyssenkrupp continues its restructuring, including