AACIS segment crude steel production was 3.6 million tonnes for the three months ended December 31st 2011, an increase of 2.5% as compared to 3.5 million tonnes for the three months ended September 30th 2011. The increase in the fourth quarter of 2011 was primarily due to improved production in Ukrainian operations.
Steel shipments for the three months ended December 31st 2011 amounted to 3.1 million tonnes, an increase of 2% as compared to 3.0 million tonnes for the three months ended September 30th 2011.
Sales in the AACIS segment were S2.7 billion for the three months ended December 31st 2011, an increase of 4.4% as compared to USD 2.6 billion for the three months ended September 30th 2011 primarily due to marginally higher steel shipments, offset by lower average steel selling prices.
EBITDA for the three months ended December 31st 2011 was USD 238 million, 16.2% lower as compared to USD 284 million for the three months ended September 30th 2011. EBITDA during the fourth quarter of 2011 declined primarily due to lower average selling prices only partially offset by a slight steel shipment volume increase.
| Q4 '11 | Q3 '11 | Q3 '10 | FY '11 | FY '10 | |
| Sales | 2,733 | 2,619 | 2,544 | 10,779 | 9,706 |
| EBITDA | 238 | 284 | 215 | 1,238 | 1,135 |
| Operating Income | 93 | 162 | 92 | 721 | 681 |
| Crude Steel Production ('000t) | 3,579 | 3,493 | 3,611 | 14,608 | 14,906 |
| Steel Shipments ('000t) | 3,065 | 3,005 | 3,392 | 12,516 | 13,266 |
| Average Steel Selling Price (USD/t) | 713 | 771 | 621 | 736 | 608 |
| EBITDA/tonne (USD/t) | 78 | 95 | 63 | 99 | 86 |
| Operating Income/tonne (USD/t) | 30 | 54 | 27 | 58 | 51 |
In USD million unless otherwise shown
