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The flat carbon steel Europe division saw average steel selling prices down by about 14%, whereas steel shipments slumped 9% to 7.14 million tons.
FORBES: ArcelorMittal Can Reach $18 With A Slow Recovery Intact
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The company, which focuses mainly on processing steel for use in the enterprise, saw its stock move up nearly 4% after hours.
FORBES: After Hours: Verifone Offers Bid For Competitor
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The late 1990s saw a new outpouring of cheap steel from elsewhere around the globe.
WSJ: Strassel: Vampire Capitalism? Please
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Tommy Franks with a piece of steel recovered from the Trade Towers, she saw this great soldier's eyes well up with tears.
CENTERFORSECURITYPOLICY: What are we fighting for?
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The world got rich by inventing cheap steel, electric lights, marine insurance, reinforced concrete, coffee shops, saw mills, newspapers, automatic looms, cheap paper, modern universities, the transistor, cheap porcelain, corporations, rolling mills, liberation for women, railways.
FORBES: Yes, Gawker, 'The Good Rich' Do Exist
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Probably the last thing plant operator Ouchi Hisashi saw before he passed out was a blue flash in the concentration of uranium he was mixing in a steel vat.
CNN: 'We're Scared for Our Baby'