09
Feb
09:09
Higher steel shipments lift AMNS India profitability
ArcelorMittal Nippon Steel (AMNS) India’s Ebitda increased by 208% year-on-year to $499 million in the fourth quarter of 2023, supported by higher steel shipments, Kallanish notes.
Compared to Q3 2023, however, Ebitda fell by 6.4% quarter-on-quarter due to a lower impact from natural gas hedges.
AMNS also achieved record crude steel production in December, which saw an annualised run rate of 8.1 million tonnes, close to its de-bottlenecking target capacity …
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Anonymous
Very good overview of the weekly steel market.
Anonymous