ArcelorMittal : Low point in Q1 likely to be lower than anticipated
>H1 2019 set to be more difficult than expected in Europe - The latest PMI indices in Europe fell well below expectations in the industrial sector (47.6 in March vs 49.3 in February) signally a worsening of the industrial recession, particularly in Germany (PMI manufacturing index at 44.7). Moreover, the disruptive impact of the phase II of WLTP (lacklustre demand for sheet metal for the automotive sector and the postponement of volumes and competition towards other ...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.
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