06
Feb
12:09
ArcelorMittal turns to loss, foresees improved demand, pricing
ArcelorMittal says the demand slowdown is beginning to stabilise and the supportive inventory environment will help apparent steel consumption (ASC) in core markets grow in 2020.
The steelmaker saw steel shipments fall -2.5% on-year in the fourth quarter of 2019 to 19.7 million tonnes, while iron ore shipped at market price fell -4% to 9.6mt. Revenue dropped -15% to $15.51 billion and the firm turned to a net loss of $1.88 billion versus a profit a year earlier o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous