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February 6, 2013
11:32 EDTMTArcelorMittal 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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