ArcelorMittal South Africa posts full-year loss

The South African unit of the world's No.2 steelmaker ArcelorMittal posted a headline loss per share of 1.70 rand ($0.0900) in the year to December 31, versus headline earnings per share of 2.34 rand the previous year.

Reuters
February 08, 2024 / 12:11 PM IST

ArcelorMittal South Africa posts full-year loss

ArcelorMittal South Africa reported a full-year loss on Thursday, hurt by weak demand and increased imports from China.

The South African unit of the world's No.2 steelmaker ArcelorMittal posted a headline loss per share of 1.70 rand ($0.0900) in the year to December 31, versus headline earnings per share of 2.34 rand the previous year.

Reuters
Tags: #World News
first published: Feb 8, 2024 12:11 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!