ArcelorMittal Earnings Fall as Steel Prices, Shipments Decline - MSN

ArcelorMittal reported a steeper-than-expected fall in net profit after subdued economic sentiment weighed on steel pricing and shipments in the third quarter of the year. The Luxembourg-based ...

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ArcelorMittal Earnings Fall After Shipments, Prices Drop

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Nov 9, 2023 · Steel shipments in the period decreased 3.7% from the second quarter of the year to 13.7 million metric tons, with declines in Europe and the Nafta region of Canada, Mexico …

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ArcelorMittal's Earnings Top Estimates, Revenues Lag In Q3

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Nov 15, 2024 · Shipments rose 6.25% year over year to 6.8 million metric tons. Average steel selling price went down 6.6% to $915 per ton. Mining: Sales declined 19.2% year over year to …

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ArcelorMittal Trims Steel Outlook After Earnings Slumped

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Aug 1, 2024 · Average steel selling prices declined 7.5% in the first six months of the year, while steel shipments in the second quarter decreased 2% on year to 13.9 million metric tons. Steel …

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ArcelorMittal Earnings Slump On Lower Steel Prices

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Aug 1, 2024 · Average steel selling prices declined 7.5% in the first six months of the year, while steel shipments in the second quarter decreased 2% on year to 13.9 million metric tons. …

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ArcelorMittal Expects Steel Consumption To Contract As Outlook …

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May 5, 2022 · Despite the uncertainties, ArcelorMittal reported a strong start to the year. It said earnings before interest, tax, depreciation and amortisation were $5.08bn, against the average …

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ArcelorMittal Sees Ex-China Steel Demand Growing 3-4% In 2024, …

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Feb 8, 2024 · Sales in 2023 fell 14.5% year on year to $68.3 billion, primarily due to a fall of 13.5% in average steel prices as shipments were relatively stable. Sales in 4Q 2023 fell 12.4% …

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ArcelorMittal: Low Valuation And Economic Tailwinds Could Lead …

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3 days ago · ArcelorMittal, a global steel producer, is strategically exiting challenging markets and investing in high-value assets, despite an 11.6% YTD stock decline. Q3 2024 results showed …

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ArcelorMittal Earnings Beat Expectations After Prices ... - Morningstar

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May 2, 2024 · Average steel selling prices in the quarter rose 4.8% and steel shipment volumes improved by 1.4% compared with the last quarter of last year, which supported the company's …

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ArcelorMittal Keeps Positive Steel-Demand Outlook After Earnings …

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May 2, 2024 · Average steel selling prices in the quarter rose 4.8% and steel shipment volumes improved by 1.4% compared with the last quarter of last year, which supported the company's …

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FAQs about ArcelorMittal Earnings Fall as Steel Prices, Shipments Decline - MSN Coupon?

Why did ArcelorMittal's net profit fall?

The Luxembourg-based steelmaker said subdued economic sentiment had weighed on steel pricing and shipments. Photo: Bloomberg News ArcelorMittal MT 4.29% reported a steeper-than-expected fall in net profit after subdued economic sentiment weighed on steel pricing and shipments in the third quarter of the year. ...

Why did ArcelorMittal report a sharp decline in second-quarter earnings?

ArcelorMittal reported a sharp decline in second-quarter earnings after steel prices declined and lower shipments weighed. Photo: Benjamin Girette/Bloomberg News ArcelorMittal MT -1.49% trimmed its global steel consumption outlook after steel price declines and lower shipments weighed on second-quarter earnings. ...

Why did ArcelorMittal lower its steel shipments forecast?

REUTERS/Yves Herman/File Photo Acquire Licensing Rights BRUSSELS, July 27 (Reuters) - ArcelorMittal, the world’s second-largest steelmaker, lowered its steel shipments forecast on Thursday for this year, as it reported second-quarter earnings that exceeded expectations. ...

How much money did ArcelorMittal make in 2023?

In 2023, ArcelorMittal had revenues of $68.3 billion and crude steel production of 58.1 million metric tonnes, while iron ore production reached 42.0 million metric tonnes. Our goal is to help build a better world with smarter steels. ...

What does ArcelorMittal expect in the third quarter?

ArcelorMittal, which in August said it was contending with a subdued economic sentiment, said the market environment in the third quarter was challenging, but that it expects demand for steel to be higher in the second half of the year compared with the same period a year prior. ...

How much steel does ArcelorMittal use a year?

As a result, steel consumption is expected to be relatively stable between zero and 2%. In India ArcelorMittal expects another strong year, with apparent steel consumption growth in a range of 6.5%-8.5%. ...