Global steelmaker ArcelorMittal reported an 8.9% year-on-year decrease in its worldwide earnings in the fourth quarter of 2018 on Thursday February 7.
The company's quarterly earnings before interest, taxes, depreciation and amortization (Ebitda) dropped to $1.95 billion in October-December 2018, down from $2.14 billion in the corresponding period of 2017. The decrease was driven by reduced shipment volumes.ArcelorMittal's total steel shipments in the fourth quarter of last year were 20.2 million tonnes, down by 3.6% year-on-year, primarily...