ArcelorMittal’s Q3 2016 Earnings Review: Cost Reduction Initiatives & Improved Business Conditions In U.S. Boost Results

November 9th, 2016 by Trefis Team
+23.83%
Upside
25.39
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Arcelor Mittal

ArcelorMittal reported improved Q3 results, driven by the company’s cost reduction initiatives and improved business conditions in the U.S. The imposition of antidumping duties on a large proportion of steel imports by U.S. trade authorities has led to a reduction in competition from these steels to the domestic industry. This was reflected in the improvement in realized prices for the NAFTA division. Moreover, ArcelorMittal’s cost reduction initiatives boosted segment results company-wide, offsetting the decline in shipments and realized prices in Brazil and Europe, where weak economic conditions negatively impacted results.

MT Q3 2016 Earnings 1

Q3 2016 Earnings Result 2

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for ArcelorMittal

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