06
May
11:40
ArcelorMittal Europe results jump in first quarter
The European arm of ArcelorMittal saw earnings jump in the first quarter, confirming the positive performance of the market overall.
The unit posted operating profit of almost $600 million, after four consecutive quarters of losses during 2020.
The better results were supported by a strong recovery in production and shipments, together with a jump in steel prices, Kallanish notes.
Shipments for the unit reached 9 million tonnes, some 300,000t below Q1 2020, but …
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Anonymous
Very good overview of the weekly steel market.
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