Arcelor Mittal Q2 Net Rises, EBITDA Down; Backs 2015 View

Steel and mining company ArcelorMittal reported Friday increased net profit for the second quarter reflecting lower foreign exchange and other net financing loss. However, earnings before interest, tax, depreciation and amortization or EBITDA, a key metric for the steel company, declined year-over-year. Looking forward, the company reaffirmed its EBITDA guidance for the full-year 2015.