ArcelorMital considers that nothing worse to happen

The largest metallurgic company ArcelorMittal has reported that it passed the lowest point of the cycle. Due to improved economic conditions and the effectiveness of its plans of restructuring, the largest world steel maker in sales published better-than-expected rates of the main profit for the third quarter.

The company’s General Director, Lakshmi Mittal said in an interview to the Financial Times that after the long period of economic problems the company was well-conditioned and was ready to derive benefit from increase of steel demand.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer