Steel Mills
May 13, 2018
ArcelorMittal NAFTA Posts Improved Sales, Shipments in Q1
Written by Sandy Williams
ArcelorMittal NAFTA posted sales of $4.8 billion for the first quarter of 2018, up 10.6 percent sequentially. Steel shipments increased 4.8 percent from the fourth quarter to 5.9 million metric tons driven by higher volume of flat products due to improved market fundamentals. Average selling price increased 3.5 percent for flat products and 9.1 percent for long products.
The company is investing significant funds in its NAFTA operations. At Indiana Harbor, the restoration of the 80-inch hot strip mill and IH finishing line is expected to be completed in 2018.
