ARCELORMITTAL LIFTS US TARIFF HIT FORECAST TO $150 MILLION
https://media.zenfs.com/en/reuters-finance.com/8936361f586bf59cdfd00b2858ecabd4
✍️ ArcelorMittal, the world's second-largest steelmaker, has increased its estimate of the financial impact from US tariffs and now expects a reduction of $150 million in its core profit this year.
👉 ArcelorMittal has raised its estimate of the financial impact from US tariffs, expecting a reduction of $150 million in its core profit this year. 👉 The company is responding by deepening its manufacturing in the US and pursuing several options to mitigate the impact, including sharing tariffs with customers and cutting costs. 👉 ArcelorMittal is expanding its US footprint through the acquisition of Nippon Steel's stake in the Calvert joint venture and the commissioning of a new electric-arc furnace.
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