Restocking to boost steel market: ArcelorMittal
Aug 01, 2013 | 06:23 PM
| Catherine Ngai
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 worlds 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 companys second-quarter earnings call Aug. 1.....
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