[Ferro-Alloys.com] ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three-month and six-month periods ended June 30, 2019.
Its own iron ore production in 2Q 2019 increased by 4.0% to 14.6Mt as compared to 14.1Mt in 1Q 2019, increased by 1.2% as compared to 2Q 2018.
2Q 2019 iron ore shipments of 15.5Mt (+6.1% YoY), of which 9.9Mt shipped at market prices (-1.0% YoY); 1H 2019 iron ore shipments of 29.3Mt (+3.0% YoY), of which 19.1Mt shipped at market prices (-0.4% YoY).
Market-priced iron ore shipments in 2Q 2019 increased by 7.7% to 9.9Mt as compared to 9.2Mt in 1Q 2019 Market-priced iron ore shipments in 2Q 2019 were largely stable as compared to 2Q 2018.
Market-priced iron ore shipments for FY 2019 are expected to be stable as compared to FY 2018 with increases in Liberia and AMMC to be offset by lower volume at the Volcan mine. (ArcelorMittal)
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