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ArcelorMittal increases buyback program, sees global steel dip (US.MT)


The change in global steel demand in 2022 will be between 0% and -1%, the company said. For the Russia and Ukraine region, demand will be 10% lower. The Luxembourg-based company also increased its buyback program for 2022 to $2.0 billion, from $1.0 billion previously completed.&nbsp

The world's second-largest steelmaker said earnings before interest, tax, depreciation and amortisation were $5.08 billion, against the average forecast of $4.57 billion in a company-compiled poll.


arcelormittal increases buyback program sees 04781 0705

Cramer’s lightning round: I like Nucor over ArcelorMittal

It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.&nbsp

Wells Fargo &amp Co (US.WFC): “Wells Fargo is the bank stock to own.”

Enbridge Inc:(US.ENB) “I like Enbridge.Wall Street doesn’t like it.”

NXP Semiconductors NV (NXPI): “I like NXP. ...I think you got a good story there.”

Inmode Ltd (US.INMD): “I like Inmode. I like skincare.”

ArcelorMittal SA (US.MT): “It’s okay. Nucor’s better. Nucor’s a bette company. I’m always going to go with Nucor because it’s best in breed.”


cramers lightning round i like nucor over arcelormittal 2022

ArcelorMittal (NL.MT) (US.MT), avertisment in urma celui mai bun an dupa 2008

Cel mai mare producator de otel din lume se teme de o reducere a cererii globale, dupa ce cotatiile record au generat pentru companie cel mai mare profit din ultima decada.

arcelormittal posts best since 20 26043 08.0617