Monday, March 17, 2025 | 07:20 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

ArcelorMittal Nippon Steel India clocks 59 per cent increase in EBITDA

Sequentially, however, the firm's EBITDA was 21% primarily due to lower steel selling prices and higher costs (including coking coal and power), the company said

steel, ArcelorMittal, JSW steel
Premium

Crude steel production in FY21 at 7.4 mt was higher by 11.7 per cent and steel shipments at 6.9 mt saw an increase of 10.4 per cent.

Ishita Ayan Dutt Kolkata
ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, recorded a 58.75 per cent year-on-year increase in EBITDA to $435 million in the December quarter on higher realisation.

Crude steel production was 1.84 million tonnes (mt) compared to 1.88 mt in the year-ago period. Quarter-on-quarter, however, AM/NS India EBITDA of $435 million was 21 per cent lower as compared to $551 million primarily due to lower steel selling prices and higher costs (including coking coal and power costs), the company said.

The figures were disclosed as part of ArcelorMittal’s Q42021 and FY2021 financial results; the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in