On June 4, NLMK for the first time outran the largest ferrous metals company in the world – ArcelorMittal – by capitalization.
At the closing of the LME trade, NLMK was estimated at $15.88 billion. The capitalization of AM at the NYSE was $15.7 billion.
At the same time in 2018 ArcelorMittal produced 92.5 million tons of steel, up 5.5-fold from NLMK result.
The reason, according to the analysts, is that NLMK does not suffer from US-China trade war and has lower debts. (Ukrainian metal)