Friday 31 July 2015

Otmane El Rhazi : South Africa's ArcelorMittal reports wider H1 loss

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Africa's largest steelmaker ArcelorMittal South Africa said on Friday its half-year losses widened amid lower international demand and a weak economy in its home market. Its headline loss per share rose to nearly 25 cents per share for the six months ended 30 June from 2 cents a year earlier, the unit of ArcelorMittal said in a filing on the Johannesburg Securities Exchange.

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