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ArcelorMittal still expects 3-4% steel demand growth this year, excluding China

Economic sentiment appears to have reached a floor and given the low inventories, particularly in Europe, as soon as real demand begins to gradually improve, apparent demand is expected to rebound, it said in a statement. The steel industry has been suffering from weaker construction activity in Europe and problems in the real estate sector in China, the world's top consumer and producer of the metal. Steel demand in Europe, which has been challenged by high inflation and tighter monetary...
United States Jacqueline Wong World Steel Association North America Shivani Tanna Lincoln Feast
Source: yahoo.com

Apple sales fall less than expected, CEO sees return to growth

Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade. Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of stock. The buyback is the largest in the company's history, according to Investing.com analyst Thomas Monteiro.
United States San Francisco Yuvraj Malik Noel Randewich Tim Cook Matthew Lewis
Source: yahoo.com

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Stellantis Q1 revenues fall 12%, forecasts stronger second-half

Stellantis on Tuesday missed expectations with a 12% drop for its first quarter revenue, sending shares down, but said it was confident new models would support its growth and profitability in the second half of the year. Net revenue at the Franco-Italian automaker fell to 41.7 billion euros ($44.6 billion) in the January-March period, short of analyst expectations of 42.6 billion euros, according to a Reuters poll. Lower volumes, an unfavourable product mix and foreign exchange dynamics weigh...
United States France General Gilles Guillaume Natalie Knight Giulia Segreti Alfa Romeo
Source: yahoo.com

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