Archive for February 11th, 2009
ArcelorMittal posts first ever quarterly loss
ArcelorMittal SA, the world’s largest steel maker, reported Wednesday its first ever quarterly loss - at $2.6 billion - during the fourth quarter as it wrote down the value of assets amid collapsing demand.
The loss compares with a $2.44 billion profit a year earlier.
Sales during the three months to Dec. 31 fell 21 percent to [...]
Posted: February 11th, 2009 under Steel International, Steel News.
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