ArcelorMittal : Surprises unlikely in Q4 2019e. What about 2020e?
>Sequential decline in EBITDA in Q4 2019e - ArcelorMittal (AM) is set to publish its Q4 2019e results on 6 February next (before trading). We expect EBITDA of $Â 800m (vs $Â 1.1bn in Q3 2019, the same as our previous estimate). The sequential decline in EBITDA should result notably from prices and volumes in the ACIS division and the mining division, while the NAFTA, Europe and Brazil divisions are likely to show good resilience. 2019e EBITDA should come to $Â 5.1bn (vs ...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.
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