Steel and mining major ArcelorMittal on Thursday reported a 31.35 per cent rise in net income to $377 million in the September quarter.

The Luxembourg-based company had posted a net income of $287 million in the year-ago period.

The net income is attributable to equity holders of the parent company.

The company follows a January-December financial year.

Its sales increased by 3 per cent to $15,657 million, over $15,196 million a year ago.

"While markets are challenging and tariff-related headwinds persist, we are seeing signs of stabilisation and are optimistic on the outlook for our business in 2026, when we will benefit from more supportive industry policies in key markets," its Chief Executive Officer Aditya Mittal said in a statement.

"Turning to financial performance, the compan

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