Aug. 2, 2017

ArcelorMittal's NAFTA Sales Increase in Second Quarter

ArcelorMittal's North American steel sales of $4.61 billion increased 17.5 percent compared with the second quarter of 2016 and 3.3 percent compared with the prior quarter. First-half sales of $9.07 billion were up 17.1 percent compared with the previous year.

The sales increase was driven by a $100 per ton increase in average selling price to $760 per ton from second-quarter 2016, and a $41 per ton increase from the first quarter. Net shipments in the quarter of 5.4 million tons were down 0.1 percent from last year’s second quarter, and down 3.4 percent from the first quarter.

For the year to date, net shipments of 11.03 million tons increased 1.1 percent compared with 2016. The average selling price increased $92 to $739 from the first half of 2016.


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Thursday, December 14, 2017