POST Online Media Lite Edition



 

ArcelorMittal EBITDA was $1.9 billion in Q3 2014

Staff writer |
ArcelorMittal announced results for the three and nine month periods ended September 30, 2014. Health and safety performance improved in Q3 2014 to an LTIF rate of 0.78x.

Article continues below






EBITDA of $1.9 billion in Q3 2014, an 11.2% improvement as compared to Q3 2013 with notable improvements in Europe (+72.6%) and ACIS (+89.5%), offset by the negative impact of iron ore price on the Mining segment (-47.9%).

Steel shipments of 21.5 Mt in Q3 2014, an increase of 3.9% as compared to Q3 2013.

Q3 2014 own iron ore production of 15.8 Mt, up 6% YoY; 10.0 Mt shipped and reported at market prices[4], up 6.3% YoY.

Net debt of $17.8 billion as of September 30, 2014 as compared to $17.4 billion as of June 30, 2014 due largely to working capital investment of $0.6 billion and dividends of $0.4 billion, partially offset by forex effects ($0.5 billion)


What to read next

ArcelorMittal Q2 EBITDA $1.7 billion
ArcelorMittal Q2 EBITDA jumped almost 100%
ArcelorMittal full year income $4.2 billion