Price Briefing 1 – 7 May
Published: Friday, 08 May 2015
Weak steel market hits graphite but refractory grade olivine remains unscathed; antimony prices stabilise.
Steel conglomerate ArcelorMittal cut its
2015 earnings target this week, amid tanking iron ore prices
and difficult conditions in the steel market.
The world’s largest steel maker by sales said
that it now expects pre-tax earnings for the year to come in at
between $6bn and $7bn, compared with previous guidance,