- ArcelorMittal provided strong results in the second quarter.
- EBIDTA improved significantly despite a revenue decline versus last year.
- The leverage from capex reduction, cost and debt and interest payments reductions will continue in through expiring contracts and further price recovery.
- Risks remain in a further slowdown of the world economy.
ArcelorMittal Marching On – ArcelorMittal (NYSE:MT) | Seeking Alpha