ArcelorMittal Europe's first-quarter 2018 earnings jumped 14.9% year-on-year due to higher steel shipments and prices, the company said on Friday May 11.
Earnings before interest, taxes, depreciation and amortization (Ebitda) at ArcelorMittal Europe increased to $1.04 billion in the first three months of 2018, up from an Ebitda of $909 million in the corresponding period in 2017. The increase was mainly driven by higher steel shipments and prices, and partially offset by "negative price-cost effect", the company said.The average steel selling price...