ArcelorMittal SA posts profit owing to higher steel prices
Average international steel prices rose 79% in dollar terms during the review period and 42% in rand terms
29 July 2021 - 10:05
SA’s biggest steel producer, ArcelorMittal SA, returned to profitability in the six months to end-June, benefiting from higher steel prices that were lifted by the opening of the global economy and low supply-chain inventories.
Average international steel prices rose 79% in dollar terms during the review period and 42% in rand terms, ArcelorMittal SA said in a statement on Thursday...
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.