Complete Steel Collection
Output cuts of 35% is going to decrease in ArcelorMittal’s Q4 profit
10. 11. 2008
According to ArcelorMittal´s forecast there will be a dramatic decline in Q4 Ebitda compared with Q3. The group had to cut production in response to the current oversupply.
AM Ebitda in the current quarter is likely to be between $2.5bn and $3bn - lower than the Q3 figure of $8.6bn (!)
AM group would cut its production across the globe by an average of 35% in Q4. The cuts in production would accelerate global destocking, which is forecasted to be be completed by year-end. Also the demand in China seems to start in Q4.
