ArcelorMittal : Three sources of market questions to view in perspective, TP raised to € 37
>Despite a very good Q1, the market remained unsatisfied on three topics - ArcelorMittal reported solid Q1 results yesterday, including EBITDA of $ 1.82bn, 10% above the consensus, and solid cash generation. Q1 results were marked by the solid momentum of the NAFTA region, which benefited from the successful integration of Voestalpine’s HBI plant and the ramp-up of a new hot-rolled steel plant in Mexico amid dynamic demand in the US. On a difficult day for cyclical st...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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