Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
In the recently released Q3 performance report, ArcelorMittal (hereinafter referred to as Anmi) used a series of numbers to signal to the HCT780T+ZM steel market the significant decline in steel demand in the second half of 2023. This report shows that in the third quarter, the company's total steel shipments decreased by 3.7% month on month to 13.7 million tons. Affected by the increase in cost prices and continuous decline in HCT780T+ZM steel shipments, the company's operating efficiency has also significantly declined. In the third quarter, operating revenue decreased by 37.5% month on month to $1.203 billion, and net profit decreased by 50.1% month on month to $929 million.
Faced with the increasingly severe market situation in the future, this global steel giant with steelmaking business in 16 countries has decided to cut off its arms and survive. As the year-end approaches, it urgently sounded the horn of production shutdown and holiday. In less than half a month, it has shut down multiple HCT780T+ZM steel mills with overcapacity in three continents. Readjusting and shrinking its global production capacity layout seems to be the last resort for Anmi at present.
