Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

quote:

voda schreef op 28 april 2023 10:27:

Baosteel Reports 51% Decline in Q1 Net Profit due to High Costs and Weak Demand

Baosteel, world’s largest steelmaker, reported a 51% decline in net profit for the first quarter of 2023, reaching $267 million due to high raw material costs and weaker demand. Its sales revenue fell by 8.6% on an annual basis to 78.6 billion yuan. Baosteel produced 11.87 million tonnes of iron and 12.83 million tonnes of steel in the first quarter.

The company attributed the slump in profit to the ongoing oversupply in the steel market and the continued uptrend of iron ore prices.

The steel industry has also remained under pressure, leading China’s state planner to issue warnings about the surge in iron ore prices and urge steelmakers to cut production amid the looming oversupply.

quote:

christo1 schreef op 30 april 2023 19:55:

Heeft iemand zicht op die gedeeltelijke convertible bond die op 18 mei afloopt, zou het daarom zijn dat arcelormittal maar 25.000.000 treasury aandelen vernietigd en de rest overhoud voor de conversie?