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Steel industry

World news about “Steel industry” published by euronews.

05/02 13:44 CET

ArcelorMittal share issue to counter falling profits from cheap Chinese steel

ArcelorMittal share issue to counter falling profits from cheap Chinese steel

ArcelorMittal has said it will sell $3 billion (2.7 billion euros worth) of new shares to help reduce debt and cut costs. The world’s largest steelmaker said it was having to do that because of a plunge in steel prices which it blamed on a surge in cheap exports from…