The company's EBITDA for the quarter amounted to USD 1.9 billion. This was slightly below the EBITDA of USD 2.0 billion recorded in the previous quarter. However, structural improvements continue to take effect. Steel deliveries amounted to 13.9 million tons, an increase of 3.2% compared to the previous quarter.
Net income was recorded at USD 0.5 billion. The company utilized strategies to reduce costs and increase deliveries to compensate for the decline in steel prices. These strategies were one of the main drivers behind the solid operating results.
Crude steel production during the quarter was 14.7 million tons, up from 14.4 million tons in the previous quarter. This increase demonstrated ArcelorMittal's ability to effectively increase production capacity and better respond to market demands.
On the financial front, ArcelorMittal's net debt was set at USD 5.2 billion. This was offset by gross debt of USD 11.1 billion and cash and cash equivalents of USD 5.9 billion as of June 30, 2024.
In the last 12 months, ArcelorMittal generated investible cash flow of USD 2.6 billion. Of this amount, USD 1.5 billion was invested in strategic growth projects, while USD 1.8 billion was returned to shareholders.
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