ArcelorMittal : Q1 preview: impacted by lower iron ore and steel prices, target price adjusted to € 37
>Lower steel prices due to China - The market context has deteriorated in recent weeks mainly due to China where production remains too high faced with still lacklustre domestic demand, notably in construction. Chinese prices are currently trending at an 18-month low, putting pressure on other global markets, which have also been pointing downwards in the last two months. European prices have returned to their end-2023 levels with the persisting gloomy environment and...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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