ARCELORMITTAL : Indices Bloomberg profitabilite acier

albanrr

20 mai 2014 •17:23

Analysts Kenneth Hoffman & Zhuo Zhang
May 19, 2014

1. U.S. Steelmaker Profit Soars as Improving Economy Spurs Margins
The steady increase in the improvement in the U.S. economy is beginning to help the nation's steel producers. Improving steel prices, along with falling raw materials such as iron ore and metallurgical coal, are all benefiting steel companies. The $216 profit per metric ton registered by the Bloomberg U.S. Steel Profit Index is the highest since April 2011.

2. EU Steelmakers Shrug Off Auto Slump, Profit at Two-Year High
The Bloomberg EU Steel Profitability Index is at a two-year high, even with a slowdown in auto sales. The main driver of profitability for European mills is the decline in both iron ore and metallurgical coal, which have been falling on major oversupply. EU hot-rolled steel prices have moved $16 a metric ton higher ytd, while iron ore has declined $40 a mt, and met coal by $16.

3. China Steel Profit at 16-Month High on Iron Ore, Coal
The Bloomberg Chinese Steel Profitability Index is at a multiyear high, aided by the collapse in prices of iron ore (down $43 a metric ton, or 16%) and metallurgical coal (15%, $24), which have been falling on major oversupply. Chinese hot-rolled steel prices have fallen by $25 a metric ton ytd, or 4.5%.