Why Investors Shouldn’t Fret over MT’s Negative Free Cash Flow
In this article, we’ll look at ArcelorMittal’s 1Q17 cash flow and leverage positions. As of the end of 1Q17, ArcelorMittal had net debt of $12.1 billion.
No Early Respite for US Steel Producers as Prices Tank Globally
Chinese steel prices have continued to slide in November. Chinese steel mills lost $35 per ton on average in 3Q15.
Indicators Point to Strengthening US Steel Demand
Steel demand is dependent on the fortunes of its end users, and the construction sector is the biggest steel consumer in the United States.
May Housing Starts Rise Year-over-Year but Dip 11% in April
Housing starts are a leading indicator of residential construction activity. Housing starts in May increased 4.6% on a year-over-year basis. However, compared to April, they dipped 11.1%.
China’s Official PMI Holds above 50 for 2 Consecutive Months
While China’s official PMI held above 50 for two consecutive months, the PMI figures released by HSBC Markit paint a grim picture of China’s economy.