ArcelorMittal is struggling with lower demand and commodity prices
The world's largest steel producer ArcelorMittal is struggling with a decline in demand while high commodity prices. "We are disappointed with the recovery process," said Louis Schorsch, head of the American division for flat products, on Thursday. In the third quarter, demand for steel has decreased by 6% worldwide. The purchasing managers in the developed countries held back before replenishing the stocks, he said.
