ArcelorMittal : The goal of reducing debt to $ 7bn is credible. Neutral vs Reduce
>The management is generally constructive on steel demand in 2020 - The management sees signs that the slowdown in real demand is starting to stabilise. The intense inventory reductions that prevailed in 2019 seem to be over, which means that apparent steel consumption in ArcelorMittal’s main markets should increase by 1% to 2% in 2020 (versus +1.1% in 2019) and the management is determined to maintain its market share. Note that the positive fundamentals have enabled...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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