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    Market Segment

    August 1, 2024

    ArcelorMittal Q2 earnings dive, Mexican strike hits profits

    Written by Ethan Bernard

    ArcelorMittal SA

    Second quarter ended June 3020242023% Change
    Net sales$16,249$18,606-12.7%
    Net earnings (loss)$504$1,860-72.9%
    Per diluted share$0.63$2.20-71.4%
    Six months ended June 30
    Net sales$32,531$37,107-12.3%
    Net earnings (loss)$1,442$2,956-51.2%
    Per diluted share$1.79$3.46-48.3%
    (in millions of dollars except per share)

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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