ArcelorMittal (GB:0RP9) has released an update.
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ArcelorMittal presented its Q2 and H1 2024 results, showing a resilient performance with $1.9 billion EBITDA in Q2 despite lower steel prices, and a net income of $0.5 billion for the quarter. The company highlighted its strategic growth with investments and acquisitions expected to boost EBITDA by $2 billion by 2026, and remains optimistic for increased demand and restocking in the second half of the year. Additionally, ArcelorMittal is committed to safety improvements, capital-efficient decarbonization, and consistent shareholder returns, including a base dividend and share buybacks.
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