29
Jul
12:51
ArcelorMittal reaps profit in Nafta region
ArcelorMittal’s assets in the Nafta region returned to profitability during the second quarter, Kallanish reports.
ArcelorMittal recorded an operating profit of $675 million on sales of $3.24 billion during the quarter, up from an operating loss of $342 million on sales of $2.79 billion in Q2 2020.
In that same time period, average steel pricing for the company rose from $670/tonne to $1,062/t.
In 2020, ArcelorMittal divested all but thre…
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Anonymous
Very good overview of the weekly steel market.
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