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The world's largest steel maker had posted a net income of USD

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The world's largest steel maker had posted a net income of USD

5 million tonnes.0 billion and crude steel production of 92..It had revenues of USD 76.. hexagonal nuts Suppliers London: Steel giant ArcelorMittal on Thursday reported a 15.Company reported a net income attributable to equity holders of the parent of USD 1.1 billion, 12.53 per cent jump in its net income to USD 1.The company reported a "net income attributable to equity holders of the parent" of USD 1."He further noted that although the issue of global overcapacity persists and there are well publicised macro-economic risks, the company expects further, moderate global steel demand growth this year.19 billion in the fourth quarter.7 per cent higher as compared to USD 4.19 billion in the fourth quarter.03 billion in the year-ago quarter, the company said in a statement.

Operating in a healthy market environment, the company enjoyed a strong financial performance, delivering substantial profitability improvement," ArcelorMittal Chairman and CEO Lakshmi N Mittal said.On Essar Steel, Mittal said ".our bid for Essar can provide us with a quality, scalable presence in the rapidly expanding India steel market. Company had revenues of USD 76.6 billion for FY2017."Having considerably strengthened the company in recent years, we are in a strong position to generate healthy levels of free cash and prosper through the cycle," he said.5 million tonnes.He said having considerably strengthened its balance sheet in recent years, the company also regained its investment grade credit rating..5 million tonnes, while own iron ore production reached 58.

The world's largest steel maker had posted a net income of USD 1.19 billion for the quarter ended December 31, 2018.Moreover, the acquisitions of Votorantim and Ilva, both completed in 2018, provide the company with enhanced leadership positions in key markets, he added."2018 was a year of positive momentum for ArcelorMittal characterised by important strategic and financial progress.World's leading integrated steel and mining company which follows January-December calendar, reported FY2018 net income of USD 5.ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries.0 billion and crude steel production of 92
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