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Multinational steel major ArcelorMittal posted a decline in net income for the first quarter of 2024 on Thursday. Net income attributable to equity holders of the parent fell to $938 million, down from last year’s $1.1 billion, the company said. Basic earnings per share were $1.16, down from $1.28 a year ago. Operating income declined to $1.07 billion from last year’s $1.19 billion. Earnings before interest, tax, depreciation and amortization (EBITDA) was also down to $1.96 billion from $2.14 billion in the prior year. Sales for the quarter declined to $16.28 billion from last year’s $18.50 bi…

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