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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.

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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)

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