ArcelorMittal: Learning From Our Past

The following article was released by ArcelorMittal this past week to the greater steel community. The article deals with the challenges that ArcelorMittal says are “eerily similar” to those seen in 1998 which resulted in the bankruptcy of several steel mills, including LTV and Bethlehem Steel. Steel Market Update has a separate article normally produced just for our Premium members in tonight’s newsletter dealing with one of the issues raised in the article below – that of lost market share to imported steel. Here is the full content of the ArcelorMittal press release and a link to their new blog called Raw Material:

April 8, 2015 | By Andy Harshaw, president and CEO, ArcelorMittal USA Flat Carbon