Steel Mills
November 11, 2017
ArcelorMittal Investing in NAFTA Operations
Written by Sandy Williams
ArcelorMittal reported its best third-quarter shipment performance since 2008. Shipments of 21.7 million tons were 1.0 percent higher than second-quarter due to a 1.2 percent increase in Brazil shipments, a 4.3 percent increase in NAFTA shipments, and a 3.2 percent increase from the ACIS segment. Shipments from the three segments offset a decline of 3.3 percent in Europe. Iron ore shipments were up 8.1 percent year-over-year to 15 million tons.
Sales for the quarter were $17.6 billion as compared to $17.2 billion for Q2 and $14.5 billion for Q3 2016. Net income was slightly lower at $1.2 billion in the third quarter compared to $1.3 billion in the second quarter, and higher than $700 million posted in Q3 2016.
