10
Nov
12:47
Costs slash ArcelorMittal third-quarter profit, Q4 pressure remains
ArcelorMittal says variable costs per tonne – raw materials and energy – are expected to decline in the fourth quarter, but not as fast as revenue per tonne. The firm, which idled capacity in Q4 to address deteriorating market conditions, expects apparent demand to improve once the current destocking phase reaches maturity.
The group’s steel shipments fell 7% on-year in Q3 to 13.6 million tonnes, while crude steel production was down 13% to 14.9m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous