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07 May
08:22

ArcelorMittal’s first-quarter performance dips in Brazil

ArcelorMittal saw sales in Brazil deteriorate in the first quarter, although steel production increased on-quarter, Kallanish notes. The company’s major financial indicators were impacted by the Covid-19 outbreak. “The effects of the coronavirus outbreak and government response and containment efforts have been felt in Latin America later than in some other regions,” ArcelorMittal says. “Nevertheless, end markets and in particular automotiv…
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