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ArcelorMittal downgrades demand forecast for European markets

May. 17, 2019

安赛乐米塔尔下调对欧洲市场需求预测

ArcelorMittal downgrades demand forecast for European markets

据信息资源网  日前,全球最大钢企安赛乐米塔尔下调了对欧洲主要市场的需求预期,原因是年初钢材价格走低挤压了该公司的一季度利润空间。该公司宣布,受需求疲软和进口增加影响,暂时将其欧洲区钢铁年产量减少300万吨。

According to the information resource network, the world's largest steel company ArcelorMittal has lowered its demand forecast for major European markets, as the lower steel prices at the beginning of the year squeezed the company's first-quarter profit margin. The company announced that it will temporarily reduce its annual steel production in Europe by 3 million tons due to weak demand and increased imports.

安赛乐米塔尔公布了第一季度息税折旧摊销前利润(EBITDA)为16.5亿美元,同比下降34%,低于该公司预期的16.8亿美元。该公司首席执行官拉克希米·米塔尔表示,由于经济活动疲弱、全球产能过剩和原材料成本不断上升,导致钢铁价格走低,进而削弱了企业的盈利能力。安赛乐米塔尔将反映库存水平变化的今年全球增长率预测值从2月份的0.5%-1.0%上调至1.0%-1.5%。上调的主要原因是该公司看好中国市场的发展前景。中国是世界上最大的钢铁消费国和生产国,然而,安赛乐米塔尔在那里的业务几乎处于一片空白的状态。安赛乐米塔尔近一半的钢铁是在欧洲生产的,在美洲只有不到40%。安赛乐米塔尔对今年不包括中国在内的全球增长率预测值为1.0%-2.0%。该公司表示,对欧洲市场的前景仍持较为悲观的态度,原因是该地区制造业疲弱和汽车产量下降,而这两个行业正是钢铁业的主要下游消费者。

ArcelorMittal announced first-quarter profit before interest, taxes, depreciation, and amortization (EBITDA) of US$1.65 billion, down 34% year-on-year, below the company's expectations of US$1.68 billion. The company's CEO, Lakshmi Mittal, said that due to weak economic activity, global overcapacity and rising raw material costs, steel prices have fallen, which has weakened corporate profitability. ArcelorMittal will increase its forecast for global growth this year, which reflects changes in inventory levels, from 0.5%-1.0% in February to 1.0%-1.5%. The main reason for the increase is that the company is optimistic about the development prospects of the Chinese market. China is the world's largest consumer and producer of steel, but ArcelorMittal's business there is almost blank. Nearly half of ArcelorMittal's steel is produced in Europe and less than 40% in America. ArcelorMittal forecasts a global growth rate of 1.0% to 2.0% this year, excluding China. The company said it remained pessimistic about the outlook for the European market because of weak manufacturing and falling car production in the region, which are the main downstream consumers of the steel industry.

 ArcelorMittal downgrades demand forecast for European markets


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