27
Jul
12:33
ArcelorMittal's second-quarter shipments drop marginally, prices slash earnings
ArcelorMittal’s consolidated steel shipments dropped only 1% on-year in the second quarter to 14.2 million tonnes, with crude steel production actually rising 1% to 14.7mt.
The 8.7% decline in Europe shipments was offset in part by 6.2% higher shipments in NAFTA – mainly higher sourced slabs for Calvert – and Brazil deliveries rising 19% due to the consolidation of ArcelorMittal Pecém. Moreover, ACIS shipments last year were heavily impact…
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Anonymous
Very good overview of the weekly steel market.
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