Steel Mills
February 1, 2018
ArcelorMittal NAFTA Results Weaker in Q4
Written by Sandy Williams
ArcelorMittal’s NAFTA segment saw crude steel production decrease 5.2 percent to 5.6 million metric tons in the fourth quarter due to operational issues in Mexico, planned maintenance at Dofasco, and a slower U.S. market.
Steel shipments declined 8.9 percent to 4.2 million metric tons, primarily driven by lower volumes in flat and long products. Sales of $4.3 billion dropped 7.3 percent with higher average steel selling prices partly offsetting lower shipment volumes. The average steel selling price increased 0.8 percent to $748 per ton in the fourth quarter and averaged $742 per ton for the year. Long products drove the higher prices with the average selling price up 1.5 percent.
