Strong demand helps steel giant profits
The world’s largest steel company, Arcelor Mittal, has reported an annual profit of $10.36bn (£5.3bn) for 2007.
The results - in line with analysts’ expectations - are the first full-year figures since the merger of Arcelor and Mittal Steel in June 2006.
The firm had predicted robust global steel markets would boost its results.
Chief executive Lakshmi Mittal said the company was "focused on leading the transformation of our industry towards a sustainable future".
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Posted: February 13th, 2008 under Steel News.
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