Steel Mills
May 10, 2015
ArcelorMittal Looking at Asset Optimization in the US
Written by Sandy Williams
ArcelorMittal’s NAFTA segment, and in particular the US, saw a collapse in steel prices in first quarter. High levels of imports, a strengthening dollar, and a weak energy segment created significant headwinds for the company that are expected to continue in 2015.
CFO Aditya Mittal hinted in the earnings conference call that cuts may be coming to U.S. facilities similar to the asset-optimization program the company initiated successfully in Europe.
