05
May
18:56
ArcelorMittal NAFTA first-quarter shipments surge, but earnings down
ArcelorMittal reported NAFTA steel shipments and crude steel production growth of 16% and 5% respectively on-year in the first quarter to 2.84 million tonnes and 2.18mt.
Q1 2022 output had been impacted by labour action at Long Products Canada, while higher steel shipments in Mexico boosted this year’s results.
Revenue however dropped 11% to $3.4 billion, on account of lower average steel selling prices, offset partially by higher shipments, and operating i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous