LUXEMBOURG (dpa-AFX) - Steel and mining major Arcelor Mittal SA (MT) reported Thursday that its third-quarter net income attributable to equity holders of the parent declined to $993 million from last year's $4.62 million.
Basic earnings per share were $1.11, down from $4.17 a year ago.
Sales declined to $18.98 billion from last year's $20.23 billion.
Crude steel production fell to 14.9 million tonnes from prior year's 17.2 million tonnes. Steel shipments also declined to 13.6 million tonnes from 14.6 million tonnes a year ago.
Looking ahead, the company said the short-term outlook for the industry remains uncertain and caution is appropriate.
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