Mittal sees cost challenges ahead as quarterly net income takes a hit
Nov 09, 2005 | 07:55 AM
Mittal Steel Co. NV, Rotterdam, posted a 64.1-percent year-on-year decline in third-quarter net income to $478 million, roughly in line with market expectations following a difficult period for the steel industry. The company cited higher costs and falling sales prices.Revenue in the third quarter rose 12 percent to nearly $7.1 billion from the year-earlier quarter but was 7.3 percent lower than second-quarter revenue of $7.6 billion, which was the first quarter to incorporate the results of International Steel Group Inc.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.