ArcelorMittal recorded net income for the three months ended September 30, 2009 of $0.9
billion, or $0.60 per share, as compared with a net loss of $0.8 billion, or $(0.57) per share, for
the three months ended June 30, 2009, and net income of $3.8 billion or $2.79 per share, for
the three months ended September 30, 2008.
Sales for the three months ended September 30, 2009 were $16.2 billion, higher as compared
with $15.2 billion for the three months ended June 30, 2009 and down sharply from $35.2 billion
for the three months ended September 30, 2008. Despite the improved demand during the third
quarter of 2009 as compared to the second quarter of 2009, sales remain substantially lower
year-on-year due to the global economic crisis, including a steep fall in selling prices.
ArcelorMittal recorded operating income for the three months ended September 30, 2009 of
$0.3 billion, as compared with an operating loss of $1.2 billion8 for the three months ended June
30, 2009 and operating income of $5.5 billion9 for the three months ended September 30, 2008.
Total steel shipments in the Stainless Steel segment were slightly lower at 354,000 metric
tonnes for the three months ended September 30, 2009 as compared with steel shipments of
363,000 metric tonnes for the three months ended June 30, 2009.
Sales were higher at $1.1 billion for the three months ended September 30, 2009 as compared
with $1.0 billion for the three months ended June 30, 2009, primarily due to higher prices (a
13.9% increase in average steel selling price), which more than offset lower volumes.
The segment recorded operating income of $51 million for the three months ended September
30, 2009 as compared with an operating loss of $64 million for the three months ended June 30,
2009.