ArcelorMittal Expecting Decline in Apparent Steel Consumption for 2015

ArcelorMittal reported second quarter EBITDA of $1.4 billion and net income of $179 million. Results for the company were impacted by improved steel and mining volumes that were offset by lower price. Steel shipments totaled 22.1 million tons, up 3.4 percent year over year. Quarter sales fell 18 percent to $16.9 billion compared to $20.7 billion in 2014.

Crude steel production for the NAFTA segment was down 2.3 percent sequentially to 5.8 million tonnes. Steel shipments were up 3.3 percent from first quarter to 5.6 million tonnes due to a 2.3 percent increase in flat products and a 5.1 percent increase in long products.