The global steel giant produced 27.6 million tonnes in the first half of 2026. Although overall output fell by 5.5% compared to last year, second-quarter production rebounded by 7.5%. Iron ore mining surged nearly 12% higher. The company believes new European trade policies will restore profitability by curbing cheap imports and rewarding domestic green steel production. This regulatory shift is central to ArcelorMittal's recovery strategy.