Edition:
United Kingdom

Arcelormittal Q3 EBITDA up at 1.92 billion euros


Friday, 10 Nov 2017 

Nov 10 (Reuters) - Arcelormittal Sa :ARCELORMITTAL REPORTS THIRD QUARTER 2017 RESULTS.Q3 EBITDA $ ‍​ 1.92 BILLION VERSUS $1.86 BILLION IN REUTERS POLL.ARCELORMITTAL - ‍NOW EXPECTS A FULL YEAR 2017 INVESTMENT IN WORKING CAPITAL OF APPROXIMATELY $2.0 BILLION VERSUS $1.5 BILLION PREVIOUSLY​.Q3 EBITDA/TONNE $ ‍​89 VERSUS $93 YEAR AGO.Q3 STEEL SHIPMENTS 21.7 ‍​ MT VERSUS 21.3 MT IN REUTERS POLL.ARCELORMITTAL SA - ‍"WE OPERATE IN A COMPETITIVE GLOBAL ENVIRONMENT WHICH IS CHARACTERIZED BY OVERCAPACITY AND HIGH LEVELS OF IMPORTS"​.Q3 REVENUE $17.64 ‍​ BILLION VERSUS $16.82 BILLION IN REUTERS POLL.Q3 NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT $ 1.21 BILLION VERSUS $735 MILLION IN REUTERS POLL.ARCELORMITTAL SA - ‍MARKET CONDITIONS ARE FAVORABLE​.ARCELORMITTAL - ‍DEMAND ENVIRONMENT REMAINS POSITIVE AND STEEL SPREADS REMAIN HEALTHY​.Q3 IRON ORE SHIPPED AT MARKET PRICE ‍​ 9.1 MT VERSUS 8.1 MT YEAR AGO.Q3 CRUDE STEEL PRODUCTION ‍​ 23.6 MT VERSUS 22.6 MT YEAR AGO.Q3 OWN IRON ORE PRODUCTION ‍​14.2 MT VERSUS 13.7 MT YEAR AGO.ARCELORMITTAL SA - GLOBAL APPARENT STEEL CONSUMPTION FORECAST TO INCREASE BY +2.5% TO +3.0% IN 2017 ‍​.ARCELORMITTAL - IN CHINA, DEMAND GROWTH EXPECTED DUE TO STRENGTH IN AUTOMOTIVE AND MACHINERY‍​.ARCELORMITTAL - ASP WERE 1.5% HIGHER THIS QUARTER AS COMPARED TO 2Q DUE TO IMPROVED PRICES IN EUROPE (+3.5%) AND ACIS (+3.3%). 

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19 Oct 2018