Restocking to boost steel market: ArcelorMittal

Aug 01, 2013 | 06:23 PM | Catherine Ngai

Tags  ArcelorMittal SA, Lakshmi Mittal, quarterly results, steel sheet outlook, sales, operating income, steel sheet market outlook, inventory restocking steel endmarkets

NEW YORK — Modest inventory restocking in the second half of 2013 following multi-month inventory lows will likely boost the U.S. steel sheet market, according to the top executive of the world’s largest steelmaker.

"In the U.S., the economic growth in the first half of 2013 was only 1.4 percent, mainly due to the sequester and underlying fundamentals," ArcelorMittal SA chairman and chief executive officer Lakshmi Mittal said during the company’s second-quarter earnings call Aug. 1.....

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