expects United States steel market recovery in 2016
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It is reported that ArcelorMittal predicted United States market demand will improve next year. The company's North American business unit operating profit was US$88 million, an increase of 66% year on year, the company’s sales was US$437,000, decreased of 22.5% year on year.
By the end of the year, United States steel market demand expects to remain weak, steel apparent consumption will decline by 6%, mainly due to falling steel prices, especially for petroleum steel pipe demand has shrunk dramatically.
News Date 13 Nov 2015 11:30:13 reported by Jacky Huang