10
Feb
11:55
ArcelorMittal production improves in Brazil, revenue falls
ArcelorMittal saw its crude steel production and sales in Brazil rise sequentially in the fourth quarter of 2021, Kallanish notes. Full-year 2021 performance was also strong.
The company remains positive over the Brazilian market recovery this year.
“We expect apparent steel consumption (ASC) in Brazil to decline between 8-10% compared to 23% growth in 2021,” ArcelorMittal says. “While ASC is expected to decline due to destocking, real demand mi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous