 "steel, steel industry")
ArcelorMittal and Nippon Steel India (AM/NS India) reported a 50 per cent higher EBITDA (earnings before interest, taxes, depreciation and amortisation) quarter-on-quarter (QoQ) and 450 per cent year-on-year (YoY) to $607 million in the quarter ended June 30, 2021 on the back of a strong global demand and recent resurgence in the domestic market.
The EBITDA in Q1CY21 was $403 million (ArcelorMittal follows a January-December financial year).
While announcing earnings for the quarter–-the strongest for ArcelorMittal since 2008-– the company said that Q2CY21 crude steel production of AM/NS India remained stable at 1.8 million tonnes (mt) despite Covid-19 headwinds.
The
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