Complete Steel Collection
ArcelorMittal has reported a Q2 net profit.
31.7.2008
ArcelorMittal has reported a Q2 net profit of $5.8bn, an increase of 114% year-on-year, thanks to record steel prices. I tis an increase of 114% year-on-year, due torecord steel prices.
The world’s biggest steel producer said it increased sales revenue to $37.8bn on shipments of 29.8mt, up 3.83%. Operating profit rose 56.4% to $6.62bn.
For H1, ArcelorMittal’s profit also recorded a 65% increase in its net income to $8.2bn. Sales for the six months were up 31% to $67.6bn, and shipments rose 5.92% to 59mt.
