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