ArcelorMittal Europe reports 15% increase in Q1 earnings

ArcelorMittal Europe's first-quarter 2018 earnings jumped 14.9% year-on-year due to higher steel shipments and prices, the company said on Friday May 11.

Earnings before interest, taxes, depreciation and amortization (Ebitda) at ArcelorMittal Europe increased to $1.04 billion in the first three months of 2018, up from an Ebitda of $909 million in the corresponding period in 2017.
The increase was mainly driven by higher steel shipments and prices, and partially offset by “negative price-cost effect”, the company said.

The average steel...

Published

Maria Tanatar

May 11, 2018

08:12 GMT

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