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...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now