ArcelorMittal Diverts Ukrainian Steel as Crisis Cuts Demand
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ArcelorMittal, the world’s largest steelmaker, is selling some Ukrainian output in other markets on a forecast for slower-than-expected demand growth in the region.
“Domestic markets are down in the Ukraine,” Chief Executive Officer Lakshmi Mittal said today in a presentation to investors. While operations are running normally, the company is diverting more steel to other countries, he said.