31
Jul
13:15
AMNS India ramps up after pandemic-related production drop
AMNS India is ramping up capacity utilisation as Covid-19-related lockdowns in India are lifting, ArcelorMittal says. The firm was hit by pandemic measures, especially in April, with crude steel output falling -29% on-quarter in the second quarter to 1.2 million tonnes, while Ebitda fell -24% to $107 million.
The firm’s June annualised crude steel production run rate back was back to 7mt. It is benefiting from a competitive cost base by leveraging its c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous