ArcelorMittal : We expect 2021 EBITDA of $ 20bn. The decarbonisation strategy seems credible to us and its budget reasonable
>Management even more constructive on H2 2021 - Management notes that demand has continued to improve throughout H1 2021, which coupled with continued low inventory levels has underpinned a substantial increase in the steel margin. Given the order books (new billings delayed to Q4 2021) and contract inertia, this margin improvement is not yet fully reflected in the record Q2 results (EBITDA of $ 5.1bn or $ 314/t). The outlook is positive with apparent steel consumptio...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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