ArcelorMittal announced 2008 financial results today. Shipments in Q4 were 18.7 million net tons, down 33% from Q3. EBITDA per net ton also fell dramatically, from $304 in Q3 to $149 in Q4.
The company expects Q1 2009 shipments of 17.6 to 18.7 million net tons, off only modestly from Q4 2008’s depressed level. But EBITDA is expected to continue dropping, from $2.8 billion in Q4 to $1.0 billion in Q1 2009. If shipments come in at the mid-point of the companies forecast, say 18 million net tons, Q1 2009 EBITDA per ton will fall to $55.
EBITDA per ton for ArcelorMittal and other companies can be found in the Nerds of Steel earnings spreadsheet.
