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Steelmaker ArcelorMittal Overcomes Headwinds to Report Strong Gains in Third Quarter

Steelmaker ArcelorMittal Overcomes Headwinds to Report Strong Gains in Third Quarter

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 682 Words
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SUGAR LAND--November 12, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite supply-chain issues, a drop in shipments and weaker demand from automotive customers, global steel producer ArcelorMittal S.A. (NYSE:MT) (Luxembourg, Luxembourg) reported its highest quarterly profit since 2008 on Thursday. Higher steel price spreads more than offset the lower steel shipments, according to the company. Industrial Info is tracking more than $9 billion worth of active capital projects by ArcelorMittal, including its joint-venture projects in the U.S.

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