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HomeMost RecentArcelorMittal Q2 profit down 2 percent to $3923 million

ArcelorMittal Q2 profit down 2 percent to $3923 million

New Delhi: Metal firm ArcelorMittal’s internet revenue for the second quarter of the present yr ended June 30, 2022, declined by two per cent to $3923 million. The corporate had posted a internet revenue of $4005 million in the identical interval final yr.

The Luxembourg-headquartered built-in metal and mining firm follows a January–December fiscal yr. ArcelorMittal stated in an announcement that its gross sales within the April-June quarter of 2022 have been $22.1 billion, in comparison with $19.3 billion in the identical interval of 2021. The corporate stated the full metal gross sales within the second quarter of 2022 stood at 1.44 million tonnes. Within the corresponding quarter of final yr, this determine was 161 lakh tonnes. Aditya Mittal, CEO, ArcelorMittal stated, “Regardless of the unsure world macroeconomic state of affairs, our enterprise is well-prepared to deal with the state of affairs optimally.

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