ArcelorMittal released its second quarter earnings on Wednesday, where it reported an expected drop in revenues and EBITDA as low steel prices and weak demand weighed heavily on the earnings.

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Several hundred metres east, another platform appears to be suspended in thin air, with only rusted designer steel and glass plates separating you from a 200m drop to the Trollstigen valley below.

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The gains were a welcome change for Mittal, who dropped out of the top 10 Forbes Billionaires rankings earlier this year after a steep drop in the stock price of his steel company in the past year.

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November's weakness was driven by a significant drop in demand for commercial aircraft, though weakness in autos, steel and defense communications equipment also played a role.

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That Dieter Rams-inspired look is still considered iconic in some circles, and Apple has often touted the steel outside antenna band as a selling point that it's unlikely to drop all that quickly.

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Tata Steel is also struggling with weak demand and higher material costs and posted an 89% drop in its second-quarter profit.

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Unlike ArcelorMittal, U.S. Steel does not have any major operations in Asia or Africa and will therefore see a substantial drop in sales in the next few quarters.

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