Highlights:

• Health and safety: Protecting the health and wellbeing of employees remains the Company’s overarching priority; LTIF rate of 0.77x in 2Q 2020 and 0.91x in 1H 2020
• Operating performance in 2Q 2020 reflects the negative impact of the COVID-19 pandemic primarily on the steel business, with reduced demand leading to a 23.7% sequential reduction in steel shipments (1H 2020 shipments 23% lower YoY)
• Operating loss of $0.3bn in 2Q 2020 includes $0.2bn exceptional items (1H 2020 operating loss of $0.6bn includes $0.8bn impairment and exceptional items)
• EBITDA of $0.7bn in 2Q 2020 (1H 2020 EBITDA of $1.7bn)
• Net loss of $0.6bn in 2Q 2020 (1H 2020 net loss of $1.7bn, with adjusted net loss of $0.9bn excluding impairment and exceptional items)
• Free cash outflow was limited to $0.4bn (net cash provided by operating activities of $0.9bn less $1.3bn capex) in 1H 2020 and included a working capital investment of $0.5bn
• Gross debt of $13.5bn and net debt of $7.8bn as of June 30, 2020 (down $2.3bn vs June 30, 2019) the lowest level achieved since the ArcelorMittal merger
• Liquidity at the end of 2Q 2020 stood at $11.2bn (consisting of cash and cash equivalents of $5.7bn and $5.5bn of available credit lines)

More information on: https://corporate.arcelormittal.com/media/press-releases/arcelormittal-reports-second-quarter-2020-and-half-year-2020-results