Worldwide Q2 earnings at ArcelorMittal up 19.3% on higher steel prices

ArcelorMittal’s global earnings increased by 19.32% year-on-year in the second quarter of 2017 due to higher steel and iron ore prices, the company said on Thursday July 27.

Earnings before interest, tax, depreciation and amortisation (Ebitda) at the world’s largest steelmaker reached $2.11 billion in the April-June this year, compared with $1.77 billion in the same period last year.
The results were below analyst forecasts of an Ebitda of $2.16 billion for the second quarter of 2017.

Sales at ArcelorMittal totalled $17.24 billion...

Published

Maria Tanatar

July 27, 2017

15:06 GMT

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