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ArcelorMittal SA Confirms FY 2013 EBITDA Target and Issues Q2 2013 EBITDA Guidance
ArcelorMittal SA announced that it has reiterated its guidance framework for full year 2013: Assuming that in 2013 iron ore prices and the margin of steel prices over raw material costs are similar to the levels of 2012, the Company expects to report EBITDA above USD 7.1 billion. The Company also announced that EBITDA in the second quarter of 2013 is expected to be above first quarter 2013 levels, which was reported at USD 1.56 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report second quarter 2013 EBITDA of USD 1.67 billion and full year 2013 EBITDA of USD 7.17 billion.
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