ArcelorMittal reports second quarter 2022 results

EBITDA: 2Q’22 EBITDA +1.6% to $5.2bn; EBITDA/t of $359/t  Solid steel performance: ‒ Improved Brazil performance (positive price-cost effect and Pis/Cofins gain) offset by lower NAFTA (negative price-cost effect and impacts of labour action in Mexico) and ACIS (lower shipments and higher costs including labour action and logistic issues in South Africa) ‒ Europe performance stable (positive price-cost effect offset by lower volumes)  Weaker iron ore performance: ‒ Lower iron ore prices (-2.7%), lower premia for higher grade products and higher freight costs offset in part by higher shipments (+12.5%)