Financial Report Of ArcelorMittal, The First Half Of 2020

On July 30, Luxembourg time, the world’s largest steel producer ArcelorMittal, in the first-half financial report showed that the company lost 1.68 billion US dollars (about 11.7 billion yuan) in the first half of this year, compared with a loss of 33 million US dollars in the same period last year.

Data show that ArcelorMittal lost 559 million yuan in the second quarter, which was significantly narrowed from the loss of 1.12 billion US dollars in the first quarter. In the first half of this year, the company’s sales revenue was US$25.82 billion, a year-on-year decrease of 33%.

Crude steel and steel: In the second quarter, the company’s crude steel output was 14.4 million tons, a decrease of 31.7% from the previous month and 39.4% year-on-year; in the first half of 2020, the company’s crude steel output was 35.5 million tons, a year-on-year decrease of 25.7%. In the second quarter, the company’s steel sales volume was 14.8 million tons, a decrease of 24% from the previous quarter and a year-on-year decrease of 35%; in the first half of 2020, the company’s total steel shipment volume was 34.3 million tons, a year-on-year decrease of 23%.

Iron ore: In the second quarter, the company’s own iron ore output was 13.5 million tons, a decrease of 6.3% from the previous month and 6.2% year-on-year; in the first half of 2020, the company’s own iron ore output was 27.9 million tons, a year-on-year decrease Reduce by 0.5%. In the second quarter, the company sold a total of 9.2 million tons of iron ore at market prices, an increase of 7% month-on-month and a year-on-year decrease of 3%.

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