Skip to content

ArcelorMittal wary of rallying Chinese steel prices

The supplier’s first quarter reflects ongoing difficulty in the steel market, but as Freddie Holmes observes, the shaky environment could soon stabilise

ArcelorMittal has reported a net loss of US$400m in the first quarter (Q1) of 2016 as a result of increasingly unfavourable market conditions toward the end of 2015. In the first nine months of last year, Chinese steel exports rose 31% year-on-year, with excess capacity shipped elsewhere at significantly lower costs compared to US and European prices.

It’s time to log in (or subscribe).

Not a member? Subscribe now and let us help you understand the future of mobility.

Pro
£495/year
or £49.50/month
1 user
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
no
OEM Tracker
no
OEM Model Plans
no
OEM Production Data
no
OEM Sales Data
no
Pro+
£1,950/year
or £195/month
1 user
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
yes
OEM Tracker
yes
OEM Model Plans
yes
OEM Production Data
yes
OEM Sales Data
yes
Pro+ Team
£3,950/year
or £395/month
Up to 5 users
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
yes
OEM Tracker
yes
OEM Model Plans
yes
OEM Production Data
yes
OEM Sales Data
yes
Pro+ Enterprise
Unlimited
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
yes
OEM Tracker
yes
OEM Model Plans
yes
OEM Production Data
yes
OEM Sales Data
yes

Welcome back , to continue browsing the site, please click here