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ArcelorMittal update on ACIS operations in Q1 of 2019

Steel News - Published on Wed, 15 May 2019

Image Source: wikimedia.org
ACIS segment crude steel production in 1Q 2019 increased by 11.7% to 3.3 million tonne as compared to 3.0 million tonne in 4Q 2018 primarily due to the restart of production in Temirtau (Kazakhstan) following an explosion at a gas pipeline in 4Q 2018.

Steel shipments in 1Q 2019 were stable at 2.7 million tonne as compared to 4Q 2018.

Sales in 1Q 2019 decreased by 6.7% to USD 1.6 billion as compared to USD 1.8 billion in 4Q 2018 primarily due to lower average steel selling prices (-3.6%).

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Posted By : Rabi Wangkhem on Wed, 15 May 2019
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