Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

ArcelorMittal’s H1 2021 crude steel production was 35.4mn mt, steel shipments at 32.6mn mt, and iron ore production at 24.5mn mt. 


The global steelmaker’s crude steel production leaped by 23.6pc to 17.8mn mt in Q2 2021 compared to 14.4mn in the same quarter a year ago and up 3.4pc against the preceding quarter.


Steel shipments rose by 8.8pc to 16.1mn mt in Q2 2021 against the 14.8mn shipped in the same year-ago quarter. EBITDA per ton jumped by 6.5 times as the figure increased from $48/mt in Q2 2020 to $314/mt in Q2 2021.


The group’s total iron ore production fell by 17pc to 11.2mn mt in the recent quarter against the 13.5mn produced in Q2 2020.


ArcelorMittal’s sales revenue climbed by 76pc to $19.3bn in Q2 2021 against $11bn in the year-ago quarter. Operating income moved from a loss in Q2 20 of $253mn to a gain of $4.4bn in the most recent Q2 2021 quarter as global markets recuperated and finished steel prices surged. 


The company has established a 25pc group-wide reduction in carbon emissions by 2030 in its latest climate report released this week with the European business segment increasing the target to 35pc in the same timeline. ArcelorMittal continues to progress towards its net-zero goal by 2050.

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