ArcelorMittal SA (NYSE:MT)
$ 21.82 -0.13 (-0.59%) Market Cap: 17.02 Bil Enterprise Value: 25.33 Bil PE Ratio: 0 PB Ratio: 0.34 GF Score: 75/100
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Q1 2019 ArcelorMittal SA Earnings Call Transcript

May 09, 2019 / 01:30PM GMT
Release Date Price: $18.88 (-3.48%)
Operator

You may start, Daniel.

Daniel Fairclough
ArcelorMittal - Head of IR & VP of Corporate Finance

Thank you. Hi, good morning, and good afternoon, everybody. Welcome to ArcelorMittal's First Quarter 2019 Analyst and Investor Call. And this is Daniel Fairclough from the ArcelorMittal IR team. And I'm joined on this call today by Genuíno Christino, who is the Group Head of Finance.

We're here to answer your questions on the results published this morning. (Operator Instructions). As usual, I'd like to remind you that this call is being recorded.

Hopefully, everybody has had a chance to read our earnings statement published this morning together with the Q&A document and the presentation with detailed speaker notes.

The idea of this call is that we will answer your questions but before we move to questions, I'd like to start with some brief opening remarks.

Firstly, as you can see from the numbers, market conditions in the first quarter of 2019 have been challenging. Demand in our core markets has been weak, and we can

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