ArcelorMittal : 2022 off to an encouraging start. EBITDA and FCF set to remain solid
>Management expressed optimism for 2022e - The management of ArcelorMittal (AM) noted that the outlook remains positive and that underlying demand should continue to improve. Stocks have normalised and the backlog extends to Q2 2022 (Europe). The management expect growth in apparent steel demand excluding China of 2.5-3% in particular if constraints ease in the automotive supply chain. AM’s shipments are expected to grow 3%. The management said that the rise in costs ...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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