Steel Mills
July 30, 2020
Pandemic Brings Loss, Structural Changes to ArcelorMittal
Written by Tim Triplett
Learning to do more with less during the COVID crisis is bringing structural changes to ArcelorMittal, said Aditya Mittal, president and CFO of the world’s largest integrated steel and mining company, during today’s second-quarter report to analysts and investors.
Without offering specifics about which assets will be affected in pursuit of cost savings, Mittal said the company is focused on retaining market share. He struck a positive tone, considering the company’s Q2 losses. “We see recovery momentum across all the regions in which we operate.”
