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ArcelorMittal Galati Launches New Organic Coated Coils
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ArcelorMittal’s (MT - Free Report) unit in Romania, ArcelorMittal Galati recently launched a new range of organic coated coils. This follows an investment of roughly €15 million that also incorporates considerable technical updates to ArcelorMittal Galati's Galvanizing Line.
The new coating line, having an annual capacity of as much as 90,000 tons, will supply Romania's domestic market which has growth potential. The line makes strips in a vast spectrum of thicknesses and widths to satisfy customer expectations for products including roofing, drainage systems, sandwich panels and industrial coolers.
ArcelorMittal, which is among the prominent steel makers along with POSCO (PKX - Free Report) , Nippon Steel & Sumitomo Metal Corporation and Nucor Corporation (NUE - Free Report) , said in July that it expects global apparent steel consumption to rise 2.5-3% year over year in 2017, up from its earlier expectation of 0.5-1.5%.
ArcelorMittal continues to focus on shifting to high added value products and expanding its automotive steel line of products. The company is expanding its global portfolio of automotive steels by launching a new generation of advanced high strength steel. It is also planning to expand its family of third-generation advanced high strength steel. These products will enable the company to meet customer requirements via a strong technical and product portfolio.
ArcelorMittal also remains focused on reducing debt and lowering costs. The company’s net debt declined to $11.9 billion at the end of second-quarter 2017 from $12.1 billion recorded at the end of first quarter. The company also remains on track with its cost-reduction actions under its Action 2020 program, which includes plans to optimize costs and increase steel shipment volumes, along with improving the portfolio of high added value products.
Moreover, the recently announced acquisition of Ilva S.p.A. in Italy will provide growth opportunity for the company in Europe. Ilva is expected to be a good investment without compromising on the strength of the company’s balance sheet. The deal is expected to create synergies of €310 million by 2020, excluding impact from volume improvements and fixed cost reductions.
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
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ArcelorMittal Galati Launches New Organic Coated Coils
ArcelorMittal’s (MT - Free Report) unit in Romania, ArcelorMittal Galati recently launched a new range of organic coated coils. This follows an investment of roughly €15 million that also incorporates considerable technical updates to ArcelorMittal Galati's Galvanizing Line.
The new coating line, having an annual capacity of as much as 90,000 tons, will supply Romania's domestic market which has growth potential. The line makes strips in a vast spectrum of thicknesses and widths to satisfy customer expectations for products including roofing, drainage systems, sandwich panels and industrial coolers.
ArcelorMittal, which is among the prominent steel makers along with POSCO (PKX - Free Report) , Nippon Steel & Sumitomo Metal Corporation and Nucor Corporation (NUE - Free Report) , said in July that it expects global apparent steel consumption to rise 2.5-3% year over year in 2017, up from its earlier expectation of 0.5-1.5%.
ArcelorMittal continues to focus on shifting to high added value products and expanding its automotive steel line of products. The company is expanding its global portfolio of automotive steels by launching a new generation of advanced high strength steel. It is also planning to expand its family of third-generation advanced high strength steel. These products will enable the company to meet customer requirements via a strong technical and product portfolio.
ArcelorMittal also remains focused on reducing debt and lowering costs. The company’s net debt declined to $11.9 billion at the end of second-quarter 2017 from $12.1 billion recorded at the end of first quarter. The company also remains on track with its cost-reduction actions under its Action 2020 program, which includes plans to optimize costs and increase steel shipment volumes, along with improving the portfolio of high added value products.
Moreover, the recently announced acquisition of Ilva S.p.A. in Italy will provide growth opportunity for the company in Europe. Ilva is expected to be a good investment without compromising on the strength of the company’s balance sheet. The deal is expected to create synergies of €310 million by 2020, excluding impact from volume improvements and fixed cost reductions.
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>