28
Jul
10:30
Higher prices offset ArcelorMittal's lower second-quarter shipments
ArcelorMittal saw steel shipments fall 11% on-year in the second quarter to 14.4 million tonnes. These were also down 6% on Q1. This was primarily due to the impact of the Ukraine war and weaker European demand.
Crude steel production fell 18% on-year and 10% on-quarter to 14.6mt.
The firm says building inflationary pressure is hampering consumer and business confidence, leading to a slowdown in real demand (see separate story).
Despite the lower shipments, Q2 s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous