Long Carbon Americas and Europe crude steel production amounted to 5.5 million tonnes for the three months ended December 31st 2011, a decrease of 2.4% as compared to 5.6 million tonnes for the three months ended September 30th 2011. Production was lower in the Americas due to drawdown of inventory and overall weaker market demand.
Steel shipments for the three months ended December 31st 2011 were 5.8 million tonnes, a decrease of 2.3% as compared to 6.0 million tonnes for the three months ended September 30th 2011, particularly due to the summer holiday period in Brazil and lower demand in North America and Europe.
Sales in the Long Carbon Americas and Europe segment were USD 5.9 billion for the three months ended December 31st 2011, a decrease of 11.1%, as compared to USD 6.7 billion for the three months ended September 30th 2011. Sales decreased primarily due to lower steel shipments and lower average selling prices (-6.3%).
EBITDA for the three months ended December 31st 2011 was USD 338 million, a 22.8% decrease as compared to USD 438 million for the three months ended September 30th 2011, primarily due to lower steel shipment volumes and lower average steel selling prices primarily reflecting currency effects.
Operating result in the fourth quarter of 2011 was negatively impacted by impairment charges of USD 160 million of which USD 151 million related to the extended idling of the ArcelorMittal Madrid electric arc furnace.
| Q4 '11 | Q3 '11 | Q3 '10 | FY '11 | FY '10 | |
| Sales | 5,936 | 6,676 | 5,567 | 25,165 | 2',315 |
| EBITDA | 338 | 438 | 315 | 1,866 | 2,075 |
| Operating Income | -107 | 185 | 28 | 646 | 1,004 |
| Crude Steel Production ('000t) | 5,474 | 5,611 | 5,325 | 23,558 | 22,550 |
| Steel Shipments ('000t) | 5,846 | 5,984 | 5,698 | 23,869 | 23,148 |
| Average Steel Selling Price (USD/t) | 906 | 967 | 837 | 937 | 802 |
| EBITDA/tonne (USD/t) | 58 | 73 | 55 | 78 | 90 |
| Operating Income/tonne (USD/t) | -18 | 31 | 5 | 27 | 43 |
In USD million unless otherwise shown
