this steel multinational ArcelorMittalthe world’s largest steel producer posted a net profit of $9,000 million in the first nine months of the year (EUR 9,011 million), 17.43% less than the same period a year ago when he earned $10,900 million. The worsening in results became even more acute in the third quarter. Between July and September, the company earned $1,000 million versus $3,900 million between April and June, which represents a 74.35% decrease.
According to ArcelorMittal, the third quarter results were affected by the negative development of the gap between costs and prices, negative factors related to energy costs and the 5.6% quarter-on-quarter decline in shipment volumes of steel products. At 13.6 million tons, representing a 7.1% decrease compared to the third quarter of 2021. Overall, the volumes of steel product shipments remain stable at an annual rate, with the exception of the subsidiary ArcelorMittal Kryvyi Rih, which was affected by the ongoing crisis. war in Ukraine.
this result of exploitation $1,700 million in the third quarter (vs 4,500 million in the second quarter) and 10,600 million in the first nine months, 14.51 percent below the same period in 2021 (12.4 billion).
Gross operating profit (leaflet) fell 48% from the previous quarter ($5,200 million down from $5,200 million to $2,700 million) in the last quarter and was $12,900 million in the first nine months of the year. Compared to 14.4 billion in the first nine months of 2021.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.