10
Nov
20:41
ArcelorMittal Europe slashes third-quarter shipments amid cuts
ArcelorMittal Europe saw steel shipments slashed by 6% and 11% on-year and on-quarter respectively in the third quarter to 7.08 million tonnes due to weaker demand, Kallanish notes.
Crude steel production was down 12% on-year to 8mt due to significantly lower apparent demand and curtailed production in light of higher energy prices. It was also down 3% on-quarter.
Given the weaker macroeconomic conditions and order book, high energy and carbon costs and rising im…
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Anonymous
Very good overview of the weekly steel market.
Anonymous