Last week i mentioned ArcelorMittal said 2017 would be a better year than 2016. Below is a piece from bloomberg yesterday. Arcelormittal is the worlds biggest.
“We model significant further earnings gains” based on better steel demand and expanding margins, Seth Rosenfeld, an analyst at Jefferies in London, said by phone. “The Europe performance is very positive for the company. It’s the biggest earnings driver.”
Global steel consumption may rise as much as 1.5 percent in 2017, after a 1 percent increase last year, the company said.
Iron Ore Price, page-18653
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