Skip to main content

Newsroom: Industry News

Industry News
16th May 2017

Steel’s soaring profit not good enough as China worries grow

The global recovery in steel demand is making an often-beleaguered industry profitable again, but investors are still not convinced. The world’s largest producer, ArcelorMittal, posted its biggest quarterly profit in almost five years on Friday and earnings increased at Thyssenkrupp AG. Yet both shares sank as ArcelorMittal tempered its outlook for the second quarter and said Chinese exports remain a concern, while Thyssenkrupp predicted negative free cash flow.

Bloomberg

Your News, Delivered.

Sign up for our eNewsletters.

Get the latest news from AGMA. Every Tuesday receive the latest Industry News from around the globe. On alternating Thursdays receive information on upcoming AGMA events, training, and networking opportunities in the AGMA Member eNewsletter.

AGMA Marketplace

A gear product and services directory

The AGMA Marketplace proivdes a great resource for those looking for products and services in the gear industry. Find gear manufacturers that can produce products you need for your current project, or find services to assist with your gear manufacturing plant.

 

Access Marketplace