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News Breaks | | | | February 6, 2013 | | 11:32 EDT |  | MT | ArcelorMittal reports Q4 EBITDA $1.32B vs. Q3 EBITDA $1.34B
Earlier today, ArcelorMittal reported Q4 EBITDA of $1.32B compared to Q3 EBITDA of $1.34B. Sales for Q4 decreased by 2.1% to $19.3B as compared with $19.7B for 3Q 2012, and were down 14% as compared with $22.4B for 4Q11. Sales were lower during 4Q12 as compared to 3Q12 primarily due to lower average steel selling prices, down 2.8% offset in part by marginally higher steel shipment volumes up 0.7%. The company sites demand contraction in Europe and the slowdown in China as its key challenges in Q4. The company, however, expects 2013 EBITDA above the $7.1B reported in 2012, with steel shipments are expected to increase by approximately 2-3% in 2013 as compared to 2012. | |
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| May 13, 2013 | | 08:26 EDT |  | MT | ArcelorMittal calls for protection from Chinese competition, FT says
The chairman of ArcelorMittal, Lakshmi Mittal, has urged Europe to consider applying higher tariffs on imports of Chinese-produced steel, or for a surcharge on imported steel from "countries where environmental standards are very low,” according to Financial Times. Reference Link | | | May 10, 2013 | | 10:13 EDT |  | MT | ArcelorMittal gaps up after Q1 report, guidance, levels to watch
The shares are up over 5% at time of writing to $13.22. At that price, next resistance is at $13.75. Support is at $13.03. | | | 08:57 EDT |  | MT | ArcelorMittal backs guidance for FY13 EBITDA above $7.1B
 Subscribe for More Information | | | 08:55 EDT | | MT | ArcelorMittal reports Q1 revenue $19.75B, one estimate $20.86B.
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