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Outlook positief voor Arcelor

1. sunnyb0y 17 februari 2005 08:47

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   • sunnyb0y

     Lid sinds: 29 sep 2003

     Laatste bezoek: 13 nov 2023

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   Consolidated revenue for the Group in 2004 was 30,176 million euros compared to 25, 923 million for 2003, or an increase of 16.4 percent (17.7 percent on a comparable basis).
   
   The fiscal year has been characterized by a strong increase of the average selling spot prices of steel during the second half of the year and of raw materials as of April.
   
   
   Outlook
   
   In 2004, the global economy has experienced a 4.1 percent growth. This growth driven by China but also by the United States has led to very strong price increases of raw materials and oil. In 2005 world growth should stabilize with good but more moderate levels.
   
   Business prospects
   
   After an exceptional year in 2004, 2005 should be challenging for the steel industry and a very good year for Arcelor.
   
   Despite probable lower global growth and a weak demand in Europe, apparent consumption of steel in Europe should remain at levels observed in 2004 as inventories are now back to normal levels with some adjustments since the beginning of the year. The steel industry should continue benefiting from a substantial growth of consumption in China. Remaining strong tensions in raw materials prices and maritime freight costs confirm this situation.
   
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   greenspeak