ArcelorMittal expects to ride highs into 2021
Cost cuts and strong demand forecasts have made the steelmaker upbeat about the months ahead
11 February 2021 - 14:46
Despite reporting a significantly narrowed annual loss, ArcelorMital SA’s share price closed 14.56% lower on Thursday, its biggest one-day fall since July 30 2020.
SA’s only primary steelmaker, which forms part of ArcelorMittal’s global steel empire, has been suffering substantial losses up to now. In its results for the year ended December 2020, which were released on Thursday, the company reported a headline loss of R2bn, down from R3.2bn in 2019...
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