In the first quarter, ArcelorMittal reported steady growth

In the first quarter, ArcelorMittal reported steady growth

    Recently, ArcelorMittal announced its performance in thefirst quarter of 2018. In the first quarter of 2018, ArcelorMittal’soperating income increased to US$1.6 billion, a steady year-on-year increase;EBITDA was US$2.5 billion, an increase from US$2.1 billion in the fourthquarter of 2017 17.3%, an increase of 12.6% from the first quarter of 2017; netincome of US$1.2 billion, while net income was US$1 billion in the fourthquarter of 2017 and the first quarter of 2017; and steel shipments were 21.3million. Tons, an increase of 1.7% from the fourth quarter of 2017, an increaseof 1.4% from the first quarter of 2017; iron ore shipments of 13.8 million tons(an increase of 3.6% year-on-year), of which 9.1 million tons were shipped atmarket prices (an increase of 5.5% over the same period).

    As of March 31, 2018, ArcelorMittal’s total debt was US$13.4billion; net debt was US$11.1 billion, a year-on-year decrease of US$1 billion.

    The combination of the growth in demand for steel and the reforms in supply has contributed to the increase in global capacity utilization.


             steel h beam             steel I beam