ArcelorMittal : Q4 sets stage for much more favourable sequence, on course for good H1 2024
>Convincing Q4 release thanks to a solid performance in US and Europe - ArcelorMittal posted solid Q4 results on Thursday with EBITDA dropping as expected by 32% vs Q3 to $ 1.27bn but 6% ahead of the consensus and 12% above stripping out the Argentina peso impact. Volumes fell short of expectations, particularly in Europe, in a worsening economic climate but prices were very robust, this momentum also being apparent in recent earnings from SSAB and voestalpine, and 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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