02
May
11:53
ArcelorMittal boosts demand growth forecast in Brazil
ArcelorMittal has become more positive about its performance in Brazil and is updating its demand growth forecast from 0.5% to 2.5% in 2024, Kallanish learns from the global steelmaker's first-quarter earnings report.
The company's Q1 crude steel output in Brazil jumped 17%, to 3.56 million tonnes from 3.05mt in the year-earlier period. The volume was up 1% quarter-on-quarter. Steel shipments in Q1 were 8.3% higher year-on-year at 3.18mt but were 10.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous