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Shift in Global Steel Demand: Impact on ArcelorMittal |
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INTRODUCTION |
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| On February 6, 2020, Luxembourg-based multinational steel manufacturing corporation ArcelorMittal S.A (ArcelorMittal) registered an increase of 10% in its share price after reporting that its net debt had fallen to US$9.3 billion in 2019 , thus presenting an optimistic outlook for steel demand in 2020. Since 2006, the global steel giant had grown rapidly through consolidation with a number of significant acquisitions, and become the world’s largest steel and mining company. Apart from concentrating on becoming a supplier of quality steel products in all major markets, ArcelorMittal also put considerable emphasis on growing its mining business. ..
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