AT A GLANCE: ArcelorMittal Europe Q1 earnings drop 56% on reduced steel shipments, lower sales prices

摘要

A summary of ArcelorMittal Europe’s financial results for the firstquarter of 2020. - Earnings before interest, taxes, depreciation and amortization(Ebitda) dropped due to lower steel shipments in the quarter.- The company’s Europe steel shipments started to decline in thelatter part of March due to the Covid-19 containment measuresimplemented in the various countries.- To balance reduced demand, the company has cut capacities orstopped some equipment at a number of its mills in the continent.