ArcelorMittal reduced EBITDA in the fourth quarter by 13%, compared with the third quarter, to $925 million

ArcelorMittal reduced EBITDA in the fourth quarter by 13%, compared with the third quarter, to $925 million, the steel company reports. Last year’s operating loss was $1.5 billion. Arcelor, the owner of Ukraine’s largest integrated steel mill, says its worldwide steel production fell in the last quarter to 19.8 million tons, down 11% from the third quarter. Looking ahead, Lakshmi Mittal, Arcelor CEO, says: “Although market conditions continue to be difficult, we see early signs of recovery, especially in our key markets in the USA, Europe and Brazil.”