Sales for 2Q 2012 decreased by 1.0% to $22.5 billion as compared with $22.7 billion for 1Q 2012, and were down 10.5% as compared with $25.1 billion for 2Q 2011. Sales were lower during 2Q 2012 as compared to 1Q 2012 primarily due to lower steel shipment volumes (-2.5%), marginally lower average steel selling prices (-0.4%) and the impact of negative foreign exchange effects.Depreciation amounted to $1.2 billion for 2Q 2012, compared to $1.1 billion for 1Q 2012 and $1.2 billion for 2Q 2011.
ArcelorMittal Reports Second Quarter 2012 And Half Year 2012 Results
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