ArcelorMittal (MT) Wednesday said its Flat Carbon European segment incurred an operating loss of 2.21 billion euros in the fourth quarter, hurt mainly by lower sales.
Sales dropped 2.8 percent to 4.7 billion euros from 4.8 billion euros in the previous quarter, reflecting weak demand for steel.
Apparent steel demand in the European Union is estimated to have declined 3 percent and 9 percent, respectively, for the fourth quarter and full-year.
The segment's crude steel production fell 5.1 percent from last year, due mainly to lower inventory levels and output.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.