ArcelorMittal released H1 15 results. Sales were down 16% to US$34,008m (after -13.5% in Q1), EBITDA down 21% to US$2,777m (-21% in Q1), operating income down 23.5% to US$1,150m and, finally, the net result came in at US$-549m. Net debt at the end of H1 15 stood at US$16.6bn (stable over Q1 and down US$0.9bn yoy). The group maintains its FY15 guidance calling for an EBITDA of US$6-7bn, a capex of US$3bn and a positive free cash flow.
