In the third quarter of this year, ArcelorMittal recorded a net profit of $377 million compared to $1.79 billion in the second quarter, while its sales revenue decreased by 1.7 percent compared to the second quarter to $15.66 billion due to seasonal declines. supplies. The manufacturer reported that its EBITDA in the third quarter was $1.51 billion, compared with $1.86 billion recorded in the second quarter.
Between January and September, the company recorded a net profit of $2.97 billion, up 72.1 percent year-on-year, while its sales revenue was $46.38 billion, down 2.8 percent year-on-year in both cases. The company recorded EBITDA of $4.95 billion in the first nine months, compared with EBITDA of $5.39 billion in the corresponding period of the previous year.
ArcelorMittal steel production decreased 2.5 percent to 42.8 million tons in the first nine months, while iron ore production increased 19.8 percent to 35.7 million tons year-on-year. The company's total steel shipments in the period indicated amounted to 41 million tons, an increase of 0.7 percent year-on-year.
