01
Aug
15:45
ArcelorMittal reports slashed earnings amid 'aggressive' Chinese exports
ArcelorMittal’s earnings fell in the second quarter amid excess Chinese capacity and “aggressive” exports, which contributed to US and Europe steel prices being at below marginal cost, the steelmaking giant notes.
China’s excess production relative to its demand has resulted in very low domestic steel spreads and pushed steel onto export markets, ArcelorMittal says. Although global apparent steel demand should still be higher in the second …
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Anonymous
Very good overview of the weekly steel market.
Anonymous