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ArcelorMittal update on Brazil operations in Q1 of 2019

Steel News - Published on Thu, 16 May 2019

Image Source: wikimedia.org
Brazil segment crude steel production decreased by 5.6% to 3.0 million tonne in 1Q 2019 as compared to 3.2 million tonne for 4Q 2018. Steel shipments in 1Q 2019 decreased by 5.7% to 2.9 million tonne as compared to 4Q 2018, due to lower export volumes for both flat and long products, partially offset by increased domestic shipments of flat products.

Sales in 1Q 2019 decreased by 11.2% to USD 2.2 billion as compared to USD 2.4 billion in 4Q 2018, due to lower steel shipments offs et in part by 2.4% higher average steel selling prices mainly due to improvement in long products.

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Posted By : Rabi Wangkhem on Thu, 16 May 2019
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