ArcelorMittal : Fresh tragedy in Kazakhstan and exit from the country, financial impact manageable in theory but some uncertainty, target price cut to € 28
>A tragic accident which unfortunately is not a complete surprise - The accident on Saturday in the Kostenko coal mine is the most dramatic experienced by ArcelorMittal. 45 miners lost their lives in a methane explosion and another is still missing, lifting the potential death toll to 46, beating the sad record of 2006 when 41 miners were killed in another of the group’s mines in Kazakhstan. This news is unfortunately not surprising given the series of accidents at th...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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