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ArcelorMittal Reports Second Quarter 2012 And Half Year 2012 Results

b) Ongoing projects refer to projects for which construction has begun (excluding various projects that are under development), or have been placed on hold pending improved operating conditions.

Analysis of segment operations

Flat Carbon Americas
(USDm) unless otherwise shown   2Q 12   1Q 12   2Q 11   1H 12   1H 11
Sales   $5,359   $5,270   $5,567   $10,629   $10,506
EBITDA   474   632   924   1,106   1,452
Operating income   245   407   697   652   1,004
Crude steel production (Mt)   6,014   6,249   6,277   12,263   12,340
Steel shipments (Mt)   5,735   5,672   5,520   11,407   11,083
Average steel selling price (US$/t)   881   886   961   883   895
EBITDA/tonne (US$/t)   83   111   167   97   131
Operating income /tonne (US$/t)   43   72   126   57   91

Flat Carbon Americas crude steel production decreased by 3.8% to 6.0 million tonnes for 2Q 2012, as compared to 6.2 million tonnes for 1Q 2012, driven primarily by lower production in South America following scheduled maintenance.

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