ArcelorMittal Nippon Steel India clocks 188% jump in Ebitda to $403 million

ArcelorMittal Nippon Steel India (AMNS India) clocked a 47 per cent higher Ebitda (earnings before interest, taxes, dep­reciation and amortization) qu­arter-on-quarter (QoQ) and 188 per cent year-on-year (YoY) to $403 million in the quarter ended March 31, 2021.
 
While announcing the earnings, which was the best in a decade for ArcelorMittal, the company said in the 1Q21, AM­NS India achieved solid production, annualising at 7.3 million tonnes (Mt). The company achieved $403 million Ebitda (with a FY21 run