Steelmaker ArcelorMittal Overcomes Headwinds to Report Strong Gains in Third Quarter
Steelmaker ArcelorMittal Overcomes Headwinds to Report Strong Gains in Third Quarter
Attachment: A
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.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Natural Gas-Fired Power Leads Alabama to $8 Billion of Projects Under Const...
- Gas-Fired Power a Big Part of Alabama Projects
- ArcelorMittal Set to Acquire 80% of Texas HBI Plant
- U.S. Steel Imports Up 43% in 2021; Russia a Main Source of Growth
- The Iron Giant: Cleveland-Cliffs Strives for Bigger, Better Things with Arc...