ArcelorMittal mining segment's Q1 earnings tumble 21%

May 10, 2012 | 06:27 AM |

ArcelorMittal’s mining segment recorded a 21% year-on-year drop in earnings for the first quarter of 2012 on lower marketable shipments and weaker average selling prices, the steelmaker announced on Thursday May 10.
The segment’s earnings before interest, tax, debt and amortisation (Ebitda) fell to $478 million, against the $607 million posted in the first quarter of 2011. ....

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