Europe’s Steel Industry Probably Past Bottom, ArcelorMittal Says
- Prices starting to climb, according to CEO for flat products
- Recovery later this year depends on auto demand, cheap imports
A slab of steel passes through the rolled coil finishing mill in Newport, U.K.
Photographer: Chris Ratcliffe/Bloomberg
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Europe’s troubled steel market is showing signs of bottoming out, according to the world’s No. 1 producer ArcelorMittal.