10
Nov
12:57
Europe, US demand deteriorates, costs exceed prices: ArcelorMittal
ArcelorMittal sees apparent demand declining significantly in Europe this year, while the impact in the US will be bigger than earlier forecast. On an annualised basis, the firm has curtailed 6 million tonnes of production in the fourth quarter, in line with addressable demand, it says.
In Europe, the region most affected by capacity cuts, inflation headwinds are leading to slower – but still positive – real consumption growth in 2022. However, the imp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous