ArcelorMittal announced that Brazil segment crude steel production increased by 1.5% to 3.1 million tonne in Q2 of 2022 as compared to 3.0 million tonne in Q1 of 2022 and 3.2 million tonne in Q2 of 2021. Steel shipments of 3.0 million tonne in Q2 2022 were broadly stable as compared to Q1 2022, but with higher domestic mix, and 1.3% higher as compared to Q2 of 2021.Sales in Q2 of 2022 increased by 18.4% to USD 4.0 billion as compared to USD 3.4 billion in Q1 of 2022, primarily due to 18.7% increase in average steel selling prices, with prices higher in both domestic and export markets. Sales in Q2 of 2022 were 22.1% higher than USD 3.3 billion at Q2 of 2021 primarily on account of higher average steel selling prices up by 18.9%. Operating income in Q2 of 2022 of USD 1,201 million was higher as compared to USD 674 million in Q1 of 2022 and USD 1,028 million in Q2 of 2021. EBITDA in Q2 of 2022 increased by 73.8% to USD 1,272 million as compared to USD 732 million in Q1 of 2022, primarily due to a positive price-cost effect as well as a gain of USD 0.2 billion related to Pis/Cofins tax credits from prior years for scrap purchases20. EBITDA in Q2 of 2022 was higher than USD 1,084 million in Q2 of 2021.
ArcelorMittal announced that Brazil segment crude steel production increased by 1.5% to 3.1 million tonne in Q2 of 2022 as compared to 3.0 million tonne in Q1 of 2022 and 3.2 million tonne in Q2 of 2021. Steel shipments of 3.0 million tonne in Q2 2022 were broadly stable as compared to Q1 2022, but with higher domestic mix, and 1.3% higher as compared to Q2 of 2021.Sales in Q2 of 2022 increased by 18.4% to USD 4.0 billion as compared to USD 3.4 billion in Q1 of 2022, primarily due to 18.7% increase in average steel selling prices, with prices higher in both domestic and export markets. Sales in Q2 of 2022 were 22.1% higher than USD 3.3 billion at Q2 of 2021 primarily on account of higher average steel selling prices up by 18.9%. Operating income in Q2 of 2022 of USD 1,201 million was higher as compared to USD 674 million in Q1 of 2022 and USD 1,028 million in Q2 of 2021. EBITDA in Q2 of 2022 increased by 73.8% to USD 1,272 million as compared to USD 732 million in Q1 of 2022, primarily due to a positive price-cost effect as well as a gain of USD 0.2 billion related to Pis/Cofins tax credits from prior years for scrap purchases20. EBITDA in Q2 of 2022 was higher than USD 1,084 million in Q2 of 2021.
