ArcelorMittal Sees Supply-Side Reform in the Industry

ArcelorMittal NAFTA posted sales of $5.4 billion for the second quarter of 2018, a jump of 12.7 percent from the first quarter. Steel shipments increased by 4.4 percent to 5.8 million metric tons. Improved results were driven by strong market demand and higher shipment volumes. NAFTA segment EBITDA rose 19.6 percent year-over-year.

NAFTA segment crude steel production increased to 5.94 million metric tons from 5.85 million tons in the first quarter. Average steel selling price rose 9.4 percent to $853 per metric ton. Flat product pricing increased 20 percent and long products 7.9 percent.