, Nippon Steel Looking for M&As in overseas markets
Nippon Steel is facing competition from the Chinese steel makers in its auto parts market share and is looking to regain it by looking for acquisitions abroad.
, ArcelorMittal records loss in Q1
Surprisingly or not, ArcelorMittal S.A. informed that it recorded a net loss of around $345 million for the first quarter ended March as the giant steelmaker has been facing though market conditions, including low demand for steel. Despite the first-quarter net loss, the world’s largest steelmaker has not revised its projections for the ongoing year as it expects that steel and iron ore sales will substantially surge in the near future on growing demand from the world’s second economy. But the fact is that the company’s restructuring attempts have also brought a ray of hope while the steel markets has finally started stabilizing.
