Steel Mills
May 13, 2017
ArcelorMittal Profits Surge in Q1
Written by Sandy Williams
ArcelorMittal NAFTA turned in solid results for first quarter 2017. The segment, composed of Indiana Harbor, AM/NS Calvert and ArcelorMittal Dofasco, had sales of $4.46 billion, up from $3.7 billion in Q4 2016 and $3.82 billion in Q1 2016.
Operating income increased to $396 million from $164 million the previous quarter and $339 million the previous year. Improved results were due mostly to improved average selling price and a 12 percent increase in shipments to 5.6 million tons.
