ArcelorMittal's global earnings increased by 28.92% year-on-year in the fourth quarter of 2017 due to increased steel shipment volumes and higher prices, the company said on Wednesday January 31.
Earnings before interest, taxes, depreciation and amortization (Ebitda) at the world's largest steelmaker reached $2.14 billion in October-December last year, compared with $1.66 billion in the corresponding period a year earlier.Sales at ArcelorMittal totaled $17.71 billion in October-December 2017, up by 25.34% year-on-year.The increase was driven by higher steel shipments, higher average...