Ovvero: Pararsi un po' il cul* in questo pazzo pazzo mondo di carte filigranate, iperfinanza globalizzata e picco delle risorse

domenica 8 novembre 2015

Durden: Il piu' grosso produttore mondiale d'acciajo riporta perdite notevoli, sospende i dividendi e da la colpa alla Cina


La ripresa mondiale oltre che USA) e' cosi' notevole che anche un colosso dell'acciajo come ArcelorMittal ha appena raggiunto i minimi da una dozzina d'anni. 
(...) more from The New York Times on the impact of Chinese "dumping:

“The Chinese are dumping in our core markets,” Mr. Mittal said. “The question is how long the Chinese will continue to export below their cost.” 
The company’s loss for the period compared with a $22 million profit for last year’s third quarter. 
ArcelorMittal, which is based in Luxembourg, also sharply cut its projection for 2015 earnings before interest, taxes, depreciation and amortization — the main measure of a steel company’s finances. The new estimate is $5.2 billion to $5.4 billion, down from the previous projection of $6 billion to $7 billion. 
On a call with reporters, Aditya Mittal, Mr. Mittal’s son and the company’s chief financial officer, said that a flood of low-price Chinese exports was the biggest challenge for ArcelorMittal in the European and North American markets. 
The company estimates that Chinese steel exports this year will reach 110 million metric tons, compared with 94 million tons last year and 63 million tons in 2013. ArcelorMittal produced 93 million metric tons of steel in 2014. 
tutto dai Tylers

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