ArcelorMittal's margins will contract in 2018 and beyond amid lower global steel prices.
We're likely to raise our price decks, volume forecasts, margin expectations, and fair value estimates for U.S. steel and aluminum stocks under our coverage. On Feb. 16, the Department of Commerce released lengthy reports providing recommendations in response to its section 232 investigations suggesting heavy tariffs or quotas on steel and aluminum imports to the U.S. The recommended remedies were calculated to achieve an 80%Â capacity utilization rate for each industry. President Trump now has 9...
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