Problems of China’s economy have lowered the price of the shares of ArcelorMittal by 6.7%
Edited by Rhod Mackenzie / 2015-08-27 11:22:48
Metaltorg.ru reports referring to Bloomberg, that the shares of ArcelorMittal fell to the rates of 11 years back on the background of weakening of China’s economy.
The shares of ArcelorMittal fell by 6.7% to €6.876, the lowest rate from March 2004.
The price for raw materials and the companies producing them sharply fall around the world on the background of forecasts of a slow growth of China’s economy. Metallurgical companies fight with a cheap flow of steel export from China which has sharply increased due to the reduction of the domestic demand.
