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US steel tariffs still cost ArcelorMittal $600 million a year, CFO says
ArcelorMittal said its European operations posted 39% EBITDA growth as new import quotas and carbon measures are expected to shield steelmakers.
Summary by Reuters
U.S. tariffs on imported steel are still costing ArcelorMittal about $150 million per quarter, as they impact the steelmaker's Canadian exports, its finance chief said on Thursday
ArcelorMittal recorded a lower net profit than the one determined in the same period of the previous year, but stated to observe better prospects for its business in Europe. Exclusive material for subscribers. To have full access, access the link of the subject and register.