ArcelorMittal reports fourth quarter 2017 and full year 2017 results

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ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results1 for the three month and twelve month periods ended December 31, 2017

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31/01/2018 |

Highlights:

Health and safety performance improved in FY 2017 with annual LTIF rate of 0.78x vs. 0.82x in FY 2016
FY 2017 operating income of $5.4 billion (+30.6% YoY); operating income of $1.2 billion in 4Q 2017 (+52.7% YoY)
FY 2017 EBITDA of $8.4 billion (+34.4% YoY); EBITDA of $2.1 billion in 4Q 2017 (+28.9% YoY)
FY 2017 net income of $4.6 billion, higher as compared to $1.8 billion for FY 2016
FY 2017 steel shipments of 85.2Mt (+1.6% YoY); 4Q 2017 steel shipments of 21.0Mt (+4.7% YoY)
FY 2017 iron ore shipments of 57.9Mt (+3.5% YoY), of which 35.7Mt shipped at market prices (+6.1% YoY); 4Q 2017 iron ore shipments of 14.3Mt (+5.4% YoY), of which 8.4Mt shipped at market prices (+3.8% YoY)
Gross debt of $12.9 billion as of December 31, 2017. Net debt decreased to $10.1 billion as of December 31, 2017, lower as compared to $12.0 billion as of September 30, 2017 and $11.1 billion as of December 31, 2016