Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
Drop in Steel production, import hit ArcelorMittal North America Q1 profit
May 15, 2015 08:52Source:SMM
ArcelorMittal North America has reported a decline in its net profit during the first quarter of this year due to a drop in steel shipments and production.
UNITED STATES May 14 2015 3:45 PM
NEW YORK (Scrap Register): ArcelorMittal North America has reported a decline in its net profit during the first quarter of this year due to a drop in steel shipments and production.
ArcelorMittal steel shipments decreased by 2.67% year-over-year during the first quarter of this year. Most steel companies in the United States (IVV) have reported a decline in steel shipments.
Moreover, as steel production declined, fixed costs were distributed among fewer units. This negatively affected the company’s unit production costs.
However, the steel production in the United States dropped by 6% year-over-year during the first quarter of this year.
Steel companies in the United States are suffering from a demand slowdown, as steel demand from the energy sector has come down.
To add to these woes, steel inventories rose significantly towards the end of last year. Metal service centers like Reliance Steel & Aluminum (RS) ordered more steel from overseas producers in order to take advantage of lower prices.
ArcelorMittal North America
ArcelorMittal
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Apr09
NET ZERO MEA - Solar & Energy Storage
Apr 09 - 10,2025MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
- Apr09
2025 SMM (20th) Lead & Zinc Conference and Industry Expo
Apr 09 - 11,2025To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange pNanjing · Jiangsu ·China
- Apr16
CLNB 2025 (10th) China International New Energy Industry Expo
Apr 16 - 18,2025Suzhou International Expo Center, Jiangsu, China
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
