ArcelorMittal : Q4 could prove to be better than expected
>The market environment remains challenging - ArcelorMittal’s management now expects global steel consumption to rise by +0.5% to +1.0% in 2019 (previously 0.0% to +1.0%) due to the upward revision to forecasts for China (+1.5% to +2.0% vs + 0.0% to 1.5%). Demand in the group’s main European and American markets remains weak, due to the contraction in manufacturing activity and the persistent weakness of the automotive industry as well as destocking by clients. Manage...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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