ArcelorMittal : Mission accomplished
>Management constructive despite the second wave - Management is satisfied with its performance in Q3 (EBITDA $ 0.9bn) and should formalise its strategy to make permanent a share of the savings on fixed costs that was achieved during COVID-19 in the full-year results. Management confirmed that deliveries should be up on a sequential basis (ODDO BHF: +8%) in Q4 2020 for all divisions given generally low stock levels and order books that are holding up well despite rece...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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