Recently, ArcelorMittal announced its performance in thefirst quarter of 2018. In the first quarter of 2018, ArcelorMittal’soperating income increased to US$1.6 billion, a steady year-on-year increase;EBITDA was US$2.5 billion, an increase from US$2.1 billion in the fourthquarter of 2017 17.3%, an increase of 12.6% from the first quarter of 2017; netincome of US$1.2 billion, while net income was US$1 billion in the fourthquarter of 2017 and the first quarter of 2017; and steel shipments were 21.3million. Tons, an increase of 1.7% from the fourth quarter of 2017, an increaseof 1.4% from the first quarter of 2017; iron ore shipments of 13.8 million tons(an increase of 3.6% year-on-year), of which 9.1 million tons were shipped atmarket prices (an increase of 5.5% over the same period).

    As of March 31, 2018, ArcelorMittal’s total debt was US$13.4billion; net debt was US$11.1 billion, a year-on-year decrease of US$1 billion.

    The combination of the growth in demand for steel and the reforms in supply has contributed to the increase in global capacity utilization.