Hints and tips:
...Seth Rosenfeld, analyst at Jefferies, said: “[ArcelorMittal’s] global footprint is finally paying off with broad-based demand and margin growth driving earnings and [free cash flow] higher and mitigating...
...“[This] will of course tie the management team’s hands and make [cost saving] synergies increasingly challenging to secure,” said Seth Rosenfeld, an analyst at Jefferies....
...“We think the future is better than the past, but worse than where we are now,” said Seth Rosenfeld, an analyst at the brokerage arm of Jefferies. “The debate is: what’s the new normal?...
...Seth Rosenfeld, an analyst at Jefferies, agreed that in the long term it would be “sensible” for Europe to have fewer steel plants, but said the benign prevailing market conditions had removed the pressures...
...However, Jeffries analyst Seth Rosenfeld has not forgotten....
...Seth Rosenfeld, analyst at Jefferies, described the results as “solid”, with the resumption of a “token” dividend reflecting a strong market outlook....
...Rosenfeld of Jefferies....
...Seth Rosenfeld, an analyst at Jefferies, says the tariffs threat is “not the death knell” for the European industry....
...That bleak historical juncture forms the backdrop to Seth Zvi Rosenfeld’s new play, set on the day of a real-life race riot in Washington Square Park in 1976....
...Seth Rosenfeld, analyst at Jefferies, said Chinese steel demand was the “biggest uncertainty” for the wider industry in 2018....
...Seth Rosenfeld, an analyst at Jefferies, said he believed that China’s steel production would stagnate in 2018, roughly in sync with domestic demand, as Beijing pressed ahead with plans to shutter unneeded...
...Seth Rosenfeld of Jefferies said ArcelorMittal’s financial results met analysts’ expectations....
...“The weeks following Chinese new year saw clear overheating, particularly in steel rebar and billet markets,” said Seth Rosenfeld, an analyst at Jefferies. That in turn has started to weigh on prices....
...Seth Rosenfeld, analyst at Jefferies, described the decision as “a symbolically important step for this previously beleaguered company”....
...Seth Rosenfeld, analyst at Jefferies, said that the deal included €1.26bn in cash and that the total value was higher than the €1bn price tag that investors had expected....
...Seth Rosenfeld, analyst at Jefferies, said: “[The] slightly stronger than expected fourth-quarter results . . . reflect [ArcelorMittal’s] ability to manage a volatile steel price and raw materials input...
...Seth Rosenfeld, an analyst at Jefferies, said the brokerage was modelling a recovery in US steel demand next year, driven by strong activity in non-residential building and oil and gas, despite weakness...
...Seth Rosenfeld, analyst at Jefferies, said the quarterly results were “stronger than expected”....
...Despite the headwind from the rally in coking coal, the emergence of reflation in raw materials was a “clear positive” for ArcelorMittal, said Seth Rosenfeld, analyst at Jefferies....
...Seth Rosenfeld, analyst at Jefferies, described the results as “robust”....
...But China’s domestic and export steel prices are now at more stable and “acceptable” levels, says Seth Rosenfeld, an analyst at Jefferies....
...Seth Rosenfeld of Jefferies said European steelmakers which sell higher value-added products were better placed to withstand import pressures....
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