ArcelorMittal 3Q Ebitda Misses; FY ’16 Cash Flow to Exceed Capex
Source: BFW (Bloomberg First Word)
Tickers
MT NA (ArcelorMittal)
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UUID: 7947283
(Bloomberg) -- 3Q Ebitda $1.9b vs est. $1.95b; sales $14.5b vs est. $15b.
Alert: HALISTER- 3Q steel shipments $20.3b, down 8.1% q/q
- Sees decline in profitability in 4Q vs 3Q on lower U.S. steel prices, with higher met coal prices
- Considering expected full year investment in operating working capital of ~$1b vs previous est. ~$500m, co. expects cash flow from operations to exceed capex this year
- 3Q own iron ore production of 13.7mt vs 15.8mt y/y
Source: BFW (Bloomberg First Word)
Tickers
MT NA (ArcelorMittal)
To de-activate this alert, click here
UUID: 7947283