financial results

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Thyssenkrupp has reduced the assets of its steel division by €1 billion

The company is currently negotiating with the Czech EPCG regarding a 50:50 share in the division

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Low steel prices affect Tata Steel’s performance in the UK and the Netherlands

The company notes that the global operating environment remains challenging

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British Steel increased losses eightfold in 2022

The negative trend continues in 2023 and 2024

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Interpipe increased its profit by 5.1% y/y in H1 2024

Revenue from sales of the company's products increased by 3.3% y/y in 6 months

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ArcelorMittal received $1.44 billion in net profit in H1

The company's revenue for the period amounted to $32.53 billion

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Tata Steel in April-June increased its net profit by 51% y/y

Total expenses in this period fell by 11% year-on-year

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Thyssenkrupp downgrades expectations for fiscal year 2023/2024 results

The company indicates that the market environment remains weak

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Interpipe increased its profit by 28.4% y/y in Q1

Revenue from sales of the company's products increased by 11.3% y/y in 3 months.

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Salzgitter has lowered its sales forecast for 2024

The company notes that signs of recovery in the steel market are weaker than expected

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ArcelorMittal earned $938 million in net profit in Q1

The company's revenue for the period amounted to $16.28 billion

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Metinvest ended 2023 with a loss of $194 million

The company's revenue fell by 11% y/y

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