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Stock impact report

ArcelorMittal H1 Net Result Swings To Loss Of $0.45 Bln [Reuters]

Arcelor Mittal NY Registry Shares NEW (MT) 
Last arcelor mittal ny registry shares new earnings: 2/6 01:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.arcelormittal.com/investors
Company Research Source: Reuters
ArcelorMittal SA (MT.N) Key Developments | Reuters.com Aug 1 (Reuters) - ARCELORMITTAL SA ::ARCELORMITTAL REPORTS SECOND QUARTER 2019 AND HALF YEAR 2019 RESULTS.Q2 LOSS PER SHARE $0.44.HEALTH AND SAFETY: LTIF RATE(2) OF 1.26X IN 2Q 2019 AND 1.19X IN 1H 2019.OPERATING LOSS OF $0.2BN IN 2Q 2019 INCLUDING $0.9BN OF IMPAIRMENTS.EBITDA OF $1.6BN IN 2Q 2019.NET LOSS OF $0.45 BLN IN 2Q 2019 VS NET PROFIT OF $1.87 BLN YR AGO.COMPANY NOW EXPECTS GLOBAL STEEL DEMAND IN 2019 TO GROW +0.5% TO +1.5% (EX-CHINA STEEL DEMAND GROWTH OF +0.5% TO +1.0%.STEEL SHIPMENTS OF 22.8MT IN 2Q 2019, UP 4.3% VERSUS. 1Q 2019.NET DEBT DECREASED BY $1.0BN DURING QUARTER TO $10.2BN AS OF JUNE 30, 2019,.Q2 CRUDE STEEL PRODUCTION 23.8 MT VERSUS 23.2 MT YEAR AGO.Q2 OWN IRON ORE PRODUCTION 14.6 MT VERSUS 14.5 MT YEAR AGO.STEEL SHIPMENTS ARE STILL EXPECTED TO INCREASE YOY, WHICH SHOULD PROVIDE SUPPORT FOR GROUP'S ACTION 2020 PROGRAM.Q2 IRON ORE SHIPPED AT MARKET PRICE 9.9 MT VERSUS 10.0 MT YEAR AGO.H1 PROFITABILITY OF OUR Show less Read more
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