ArcelorMittal posts stronger operating income in Brazil in Q2

Thursday, 29 July 2021 19:26:02 (GMT+3)   |   Sao Paulo

ArcelorMittal said operating income at its Brazilian business segment in Q2 spiked 763.8 percent, year-over-year, to $1.02 billion. The company blamed Covid-19 for the weaker operating income in Q2 2020.

ArcelorMittal said Brazilian EBITDA in Q2 was $1.08 billion, 533.9 percent up, year-over-year. Net revenues in Brazil in Q2 rose 171 percent, year-over-year, to $3.26 billion. Steel sales volumes in Q2 grew 43.9 percent, year-over-year, to 2.96 million mt.

The company said crude steel output in Brazil in Q2 totaled 3.15 million mt, 86.1 percent up, year-over-year.

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