ENP Newswire -
Release date- 01082014 - ArcelorMittal Europe today announced its results for the second quarter of 2014.
The segment recorded an operating profit of
Ebitda for the second quarter of 2014 also rose, by 29%, to
ArcelorMittal Europe crude steel production remained flat at 10.9 million tonnes, the same as in Q1 2014.
Steel shipments in Q2 2014 were 10.2 million tonnes, an increase of 1.8% compared with the previous quarter. Flat product shipment volumes increased by 0.7% and long product shipment volumes increased by 4.2%, both benefitting from higher, seasonal demand and improved underlying demand.
Sales in the ArcelorMittal Europe segment also increased by 1.7% to
Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate.
For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components we use in our everyday lives more energy-efficient.
We are one of the world's five largest producers of iron ore and metallurgical coal and our mining business is an essential part of our growth strategy. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow.
Tel: +352 4792 2484
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