ArcelorMittal : FCF generation in Q2 and H2 2019 should provide reassurance
>Unsustainable margins on steel - Steel prices in the US and EU are lower than the import prices (vs Chinese prices). When this has happened in the past, the situation has never lasted long. Price hikes in the US ($Â 40 /st i.e. +10% since early June) seem to be holding, but the situation in the EU remains difficult (stable over the period). Management is expecting, like us, the EU to strengthen its safeguard measures. The European Commission decided to conduct a revie...ArcelorMittal is a steel company, based in Luxembourg, with operations in more than 60 countries. Co. is active in all major global steel markets, including automotive, construction, household appliances and packaging, as well as activities in Research & Development and technology, with captive supplies of raw materials and its own distribution network. Co. has an industrial presence in over 20 countries spanning four continents, covering key steel markets, from emerging to mature. Co. offers a complete spectrum of steel products from commodity steel to value-added products, from long products to flat, from standard to specialty products, from carbon steel to stainless steel and alloys.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.