ArcelorMittal SA’s shares soar with bump in earnings expected
SA’s biggest steel producer benefits from higher global steel prices due to worldwide supply-chain constraints
20 July 2022 - 17:31
SA’s biggest steel producer ArcelorMittal SA (Amsa) is expecting a bump in its headline earnings after racking up losses for most of the past decade.
Higher global steel prices boosted Amsa in its 2021 year as worldwide supply-chain snarl-ups cut supplies, and now says headline earnings per share will jump 17% to 26% to between R2.61 and R2.81 for its six months end-June...
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