07
May
14:00
Exports lift AMNS India first-quarter profitability, production stabilises
ArcelorMittal Nippon Steel (AMNS) India reported crude steel production of 1.8 million tonnes in the first quarter – versus 1.9mt in Q4 2020 – annualising at a rate of 7.3mt. Ebitda surged 47% on-quarter to $403 million, supported by a greater focus on exports markets.
This provides an annual run-rate for 2021 of $1.6 billion of Ebitda, in excess of the level required to cover the cash needs of the business, says majority shareholder ArcelorMittal. The…
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Anonymous
Very good overview of the weekly steel market.
Anonymous