Said Secretary Tal, CEO of ArcelorMittal, the world's number one steel affected by the euro zone debt crisis and economic downturn, the second quarter of this year, its main business profit fell 37.5 percent, the ratio of market conditionsexpected more challenging.
 
Second quarter, the company without taking into account interest rates, tax, demolition of the old and amortization profit (EBITDA) was $ 2.45 billion, down 39.2 percent over the same period last year $ 3.41 billion, essentially flat sales and a quarter, to $ 22.48 billion, up down 10.5%. The operating profit of $ 1.1 billion, down 51% year on year.
 
Second quarter crude steel production and a quarter, to 22.8 million tons, down 7% year on year. Steel shipments of 21.7 million tons, down 2.5%; iron ore production of 14.4 million tons, up by 9.9%.
 
In the first half of this year, the company's EBITDA was $ 4.42 billion increased $ 4.12 billion in the second half of last year. Sales drop 4.1 percent in the first half, to $ 45.2 billion, mainly steel prices down 5.9% on average, steel shipments down 0.5 percent. Net profit to profitability in the second half of last year, but down 62.7% year on year, to $ 970 million.
 
Tal said that despite the global economic environment remains fragile, and the operational status of the steel industry in the second half of the first half of the basic, Europe remains the most worrying, which produce no small influence on the European iron and steel production.
 
The company's goals in the second half of the year is to further improve their competitiveness and reduce debt.
 
ArcelorMittal expected this year, the Group's EBITDA for the rest of the year will be flat with the first half, steel shipments will be lower than the first half of the iron ore shipments continued to grow last year, will increase by about 10%. Investment will be close to $ 4.5 billion in 2012



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