ArcelorMittal upbeat as steel prices surge and cost-cutting pays off
11 February 2021 - 08:51
Embattled steelmaker ArcelorMittal SA said on Thursday cost-cutting and a surge in steel prices in late 2020 helped it swing into an operational profit in its year to end-December.
After a tough first half, the group said it had an impressive second half, generating R37m in earnings before interest, taxation, depreciation and amortisation (ebitda) to end-December, from a loss of R632m previously...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.