ArcelorMittal Q2 profit, sales up
Earnings per share was $1.83 compared to $1.29.
Second-quarter sales were $20.00 billion compared to $17.24 billion, previous year.
Sales were 16% higher primarily due to higher average steel selling prices, higher steel shipments, higher market-priced iron ore shipments and higher seaborne iron ore reference prices. Total steel shipments were 1.2% higher from previous year. ■