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Home Steel News ArcelorMittal Brazil’s revenue grows in Q2 y-o-y
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ArcelorMittal Brazil’s revenue grows in Q2 y-o-y

6 Aug 2018 11:45 reported by Joy Liu

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ArcelorMittal Brazil, a subsidiary of ArcelorMittal, announced it had a year-on-year increase of 20% in the revenue for the second quarter this year, rising from US$1.8 billion in the same period a year ago. The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) increased by 120% year on year to US$440 million roughly, and the operating income was around US$360 million, up from US$130 million in the same period last year. The sales volume of steel rose by 8% from the same period a year earlier, totaling around 3 million tons.

Besides, ArcelorMittal Brazil’s production of crude steel amounted to around 3 million tons in this period, up from 2.7 million tons in the second quarter last year, due to the merger with Votorantim Siderurgia.

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