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13 Feb
11:16

ArcelorMittal sees flat Chinese demand this year

Global steelmaker ArcelorMittal says Chinese apparent steel consumption should be largely stable in 2017, at most falling by -1%, according to its 2016 earnings presentation last week. The company is most directly exposed to the automotive sector in China, which is continuing to expand, Kallanish notes. While infrastructure spending, easing credit and a recovery in the real estate market supported the Chinese economy in 2016, real steel demand was larg…
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