ARCELORMITTAL : Bloomberg: ArcelorMittal Retools Europe

albanrr

29 avr. 2014 •12:47

ArcelorMittal Retools Europe Capacity as Steel Profits Rebound
Analysts Kenneth Hoffman & Zhuo Zhang
Apr 29, 2014 07:03
ArcelorMittal, the world's largest steel producer, is cutting costs and capacity as European producers fight to keep operations profitable. The plan includes closing or idling some plants and optimizing or restructuring others. The Bloomberg Industries European Steel Profitability Index averaged a gain of 51.7 euros a metric ton and is rising as better markets and capacity cuts begin to turn EU markets around.

Europe Steel Markets Show Signs of Life on Auto, Home Demand
Analysts Zhuo Zhang & Kenneth Hoffman
Apr 28, 2014
The European steel market has begun to show signs of stabilization and even some improvement after several years of decline. Major participants such as ArcelorMittal have closed some plants to solve the issue of overcapacity. Profitability for European steel producers has climbed steadily since the beginning of this year on stronger demand from autos and homebuilding and an improved EU Manufacturing PMI.

European Steel Producers Show Improvement as Russia Lags Behind
Analysts Zhuo Zhang & Kenneth Hoffman
Apr 29, 2014 07:03
The fortunes of the EU steel producers have turned the corner as improving demand for autos and housing have helped producers increase profitability. Russia has lagged behind, with its producers facing a weak market and slowing GDP. Russian steelmaker stocks are down 37% ytd, reflecting these concerns.

European Steel Industry Profit Emerges, Politics Slow Recovery
Analysts Zhuo Zhang & Kenneth Hoffman
Apr 29, 2014 09:03
Profitability for European steel producers has climbed steadily since the beginning of 2014, and it while it trails the U.S., it's higher than China. Recovery has been slow because local politics have made the closing of unprofitable facilities to reduce costs a difficult proposition. Stronger demand from autos and homebuilding has been the key to the EU's revival.

European Steel Industry Profit Emerges, Politics Slow Recovery
Analysts Zhuo Zhang & Kenneth Hoffman
Apr 29, 2014 09:03
Profitability for European steel producers has climbed steadily since the beginning of 2014, and it while it trails the U.S., it's higher than China. Recovery has been slow because local politics have made the closing of unprofitable facilities to reduce costs a difficult proposition. Stronger demand from autos and homebuilding has been the key to the EU's revival.