This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ArcelorMittal Reports Second Quarter 2012 And Half Year 2012 Results

In 2011, ArcelorMittal had revenues of $94 billion and crude steel production of 91.9 million tonnes, representing approximately 6 percent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal visit:


ArcelorMittal, the world’s leading steel company, today announces results for the three month and six month periods ended June 30, 2012.

Corporate responsibility and safety performance

Health and safety - Own personnel and contractors lost time injury frequency rate 2

Health and safety performance, based on own personnel figures and contractors lost time injury frequency rate, improved to 0.8x in second quarter of 2012 (“2Q 2012”) as compared to 1.1x for the first quarter of 2012 (“1Q 2012”) and 1.5x for the second quarter of 2011 (“2Q 2011”), with significant improvements primarily in the Mining and Distribution Solutions segments. The performance of all other segments remained relatively constant quarter on quarter.

Health and safety performance, improved to 1.0x in first six months of 2012 (“1H 2012”) as compared to 1.4x for the first six months of 2011 (“1H 2011”), with significant improvements across all segments, especially in the Flat Carbon Americas, Mining and Distribution Solutions segments.

Despite this encouraging performance in lost time injury frequency rate, there is still more work to be done. In particular we have to focus on improving the safety performance of the contractors who work at our sites.
Own personnel and contractors - Frequency Rate
Lost time injury frequency rate   2Q 12   1Q 12   2Q 11   1H 12   1H 11
Total Mines   0.5   1.0   1.6   0.8   1.3
Lost time injury frequency rate   2Q 12   1Q 12   2Q 11   1H 12   1H 11
Flat Carbon Americas   1.1   0.9   2.0   1.1   2.0
Flat Carbon Europe   1.2   1.5   1.5   1.4   1.7
Long Carbon Americas and Europe   0.9   1.0   1.6   0.9   1.4
Asia Africa and CIS   0.3   0.6   0.5   0.5   0.6
Distribution Solutions   1.2   2.1   3.2   1.7   3.3
Total Steel   0.9   1.1   1.5   1.0   1.5
Lost time injury frequency rate   2Q 12   1Q 12   2Q 11   1H 12   1H 11
Total (Steel and Mines)   0.8   1.1   1.5   1.0   1.4

Key corporate responsibility highlights for 2Q 2012
  • ArcelorMittal published its 2011 corporate responsibility report titled “Responsible business, sustainable growth”, in May 2012. The report is aligned with the Global Reporting Initiative G3 B+ guidelines as well as the United Nations Global Compact principles.
  • ArcelorMittal has been ranked 4th (out of 105 listed companies surveyed) by Transparency International for transparency in corporate reporting. The independent study assesses the disclosure programmes listed companies have in place to fight corruption and the extent to which earnings and taxes in specific countries are made public.
  • ArcelorMittal has launched iCARe™, a portfolio of electrical steel solutions for electric vehicle market. This product range will help carmakers deliver lower CO 2 emissions and improve fuel consumption for hybrid vehicles while contributing to increased power density from electric motors.

Analysis of results for the six months ended June 30, 2012 versus results for the six months ended June 30, 2011

ArcelorMittal’s net income for 1H 2012 was $1.0 billion, or $0.63 per share, as compared to net income for 1H 2011 of $2.6 billion, or $1.68 per share.

4 of 21

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.75 -1.10%
FB $117.53 0.69%
GOOG $693.00 0.29%
TSLA $240.76 -2.81%
YHOO $36.61 0.06%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs