Thursday 23 July 2015

Otmane El Rhazi : AMSA H1 loss seen up to 14-fold wider

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Africa's biggest steel maker ArcelorMittal South Africa flagged as much as 14-fold wider half-year loss on Thursday, citing tough trading conditions and higher finance costs. Steel makers across the world are suffering from weak prices due to a global oversupply of the metal.

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