ArcelorMittal Brazil’s crude steel output fell by 25.1pc to 4.3mn mt in the first half of 2020, from 5.8mn mt in H1 2019, on lower demand for flat and long products.
ArcelorMittal Brazil’s crude steel production fell by 40.2pc to 1.6mn mt in Q2 2020, from 2.8mn mt in April-June 2019.
The steelmaker noted in a statement that its steel shipments declined by 21.4pc to 4.4mn mt in H1 2020, from 5.6mn mt in H1 2019 and reduced by 26.1pc to 2mn mt in Q2 2020, from 2.7mn mt in the same period last year.
The company’s sales also fell by 35.7pc to $2.7mn in H1 2020, from $4.2mn in the corresponding period last year and declined by 47.6pc to $1.1mn in Q2 2020, from $2.1mn in Q2 2019.
The company’s EBITDA in H1 2020 reached $387mn, down from $622mn in H1 2019, while its operating income achieved $267mn in H1
2020, down from $473mn in the first six months of 2019. In Q2 2020, ArcelorMittal Brazil’s EBITDA decreased by 46.4pc to $168mn, from $313mn in the same period the prior year, due to a reduction in its steel shipment volumes.