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How about the production of world steel in this year(3)

[2020-08-21]

ArcelorMittal has a net loss of approximately US1.68 billion in the first half of 2020, and crude steel production decreased by 25.7 percent year-on-year.

On July 31, ArcelorMittal released its 2020 second quarter performance report. The report shows that in the second quarter, ArcelorMittal EBITDA (EBITDA) was approximately US700 million, and the net loss attributable to shareholders of the parent company was approximately US560 million. In the first half of the year, ArcelorMittal EBITDA was approximately US1.67 billion; the net loss attributable to shareholders of the parent company was approximately US1.68 billion, and the adjusted net loss (excluding impairment and special items, of which impairment relates to 4 At the end of the month, ArcelorMittal permanent closure of the coking plant at the Florange steel plant in France, special items including inventory and other related expenses due to factors such as the new crown pneumonia epidemic) was approximately US900 million.

In the second quarter, ArcelorMittal crude steel output was 14.4 million tons, a decrease of 31.8 percent month-on-month and a year-on-year decrease of 39.5 percent; steel sales volume was 14.8 million tons, a month-on-month decrease of 24.1 percent and a year-on-year decrease of 35.1 percent. In the first half of the year, ArcelorMittal crude steel output was 35.5 million tons, a year-on-year decrease of 25.7 percent; steel sales volume was 34.3 million tons, a year-on-year decrease of 23.1 percent.

In the second quarter, ArcelorMittal own iron ore output was 13.5 million tons, a decrease of 6.3 percent month-on-month and 7.5 percent year-on-year; the sales volume of iron ore sold at market prices was 9.2 million tons, an increase of 7 percent month-on-month. A year-on-year decrease of 7.1 percent. In the first half of the year, ArcelorMittal own iron ore output was 27.9 million tons, a year-on-year decrease of 2.8 percent. The decline in production was mainly affected by the new crown pneumonia epidemic.

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