ArcelorMittal posted Q1 EBITDA of $1.68 bn, up from $1.59 bn and slightly above Jefferies consensus.
EPS fell to $0.76 YoY but beat estimates of $0.65, aided by lower financing costs and FX effects.
CEO Aditya Mittal highlighted EU carbon border taxes and upcoming import quotas as policy tailwinds expected to curb imports from July.
Jefferies projects full‑year EBITDA around $8.4 bn, citing higher production and European policy support boosting capacity utilization and margins.