ArcelorMittal Enters The Additive Manufacturing Industry As A Steel Powder Supplier
Portfolio Pulse from Benzinga Newsdesk
ArcelorMittal has entered the additive manufacturing industry by becoming a supplier of steel powder. This move represents the company's expansion into a new segment, leveraging its expertise in steel production to supply materials for 3D printing applications.
November 15, 2023 | 8:24 am
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ArcelorMittal's entry into the additive manufacturing industry as a steel powder supplier could open new revenue streams and diversify its product offerings, potentially having a positive impact on its stock in the short term.
ArcelorMittal's move into additive manufacturing is directly related to its core business of steel production. By becoming a supplier in this niche market, the company is diversifying its revenue sources and investing in a growing industry, which could lead to increased investor confidence and a potential uplift in its stock price. However, the overall impact will depend on the scale of the operation and the demand for steel powder in the additive manufacturing industry.
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