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Steel giant ArcelorMittal Thursday reported an over 66 per cent fall in its net income to USD 0.4 billion for the quarter ended March 31, 2019. The world's largest steel-maker had posted a net income of USD 1.2 billion in the year-ago quarter, the company said in a statement. The company reported a "net income attributable to equity holders of the parent" of USD 0.4 billion in the first quarter. "ArcelorMittal recorded a net income for quarter 1, 2019 of USD 0.4 billion...as compared to a net income for Quarter 4, 2018 of USD 1.2 billion, and a net income for Q1 2018 of USD 1.2 billion," the company said. The world's leading integrated steel and mining company follows January -December as fiscal year. "Our first results reflect the challenging operating environment the industry has faced recent months. Profitability has been impacted by lower steel pricing due to weaker economic activity and continued global overcapacity, as well as rising raw material costs as a result of supply-

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