ArcelorMittal Europe's third-quarter 2018 earnings inched up by 2.7% year on year due to higher steel prices, the company said on Thursday October 1.
Earnings before interest, taxes, depreciation and amortization (Ebitda) at ArcelorMittal Europe increased to $871 million in July-September of 2018, slightly up from an Ebitda of $848 million in the corresponding period of 2017. The results increased, "primarily due to positive price-cost effect, offset in part by lower steel shipments," ArcelorMittal said.The company's third-quarter steel shipments moved down by 4% year on year to 9.71 million tonnes. The decrease was primarily driven by the seasonal slowdown as well as a, "power outage in ArcelorMittal M?(C)diterran?(C)e, in Fos-sur-Mer, France and...