Robust European market forecast
ArcelorMittal forecasts a robust European market for flat products in the second half of 2007. On June 22, the company announced that it will maintain the current pricing for flat products for the third quarter in Europe.
Christophe Cornier, CEO of ArcelorMittal’s Flat Carbon Europe division, said that despite robust economic growth in Western Europe, a continuously buoyant steel market in Eastern Europe and increasing tension on the iron ore and scrap markets, ArcelorMittal did not intend to increase their prices in the third quarter.
The company remains confident about the demand for carbon steel products in Europe for the second half of the year. It also announced that its output to the European market would be 3 to 4% lower in volume in Q3 than in Q2 as a result of mill outages related to necessary repair and inspection work.
One comment
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June 27th, 2007 by Hansen Felix
I do not understand this message,
our orderbooks are empty for the Q3.
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