In the second quarter, Arselormital shipped to consumers 1.9 percent more compared to the first quarter of the metal rolling - 21 million 300 thousand tons, iron ore - by 10.98 percent more - 8 million 200 thousand tons and increased the quarterly realization by 2.2 percent - 20 billion of 197 million. However, compared with the APPG-2012, the shipment of the metal rolling decreased by 1.8 percent, iron ore remained at the same level, and the implementation fell by 10.15 percent.
The operating profit of Arselormital in the second quarter fell 12.9 percent compared to the first quarter, and compared to APPG -2012 - three and a half times - up to $ 352 million. At the same time, the company managed to reduce net debt to 16 billion 200 million dollars by improving the cash flow from operating rooms (2.4 billion) and revenue from the sale of assets (0.3 billion)
financial and production indicators of Arselormital in 2012-13 based on IFRS standards
Prospects
Asrelormital expects the increase in steel supply by the end of 2013 by 2 percent, by 20 percent an increase in iron ore and EBITDA more than $ 6.5 billion. A decrease in the forecast with $ 7.1 billion is associated with lower than expected to increase steel demand and raw materials.
The company's net debt will increase to $ 17 billion as a result of investment in working capital and dividends, while $ 15 billion will remain the target level in the medium term.
The capital costs of Arselormital in 2013 will amount to $ 3.7 billion.
