ArcelorMittal to write down Europe operations

Dec 21, 2012 | 01:01 PM | Chris Prentice

Tags  ArcelorMittal, European operations, steel production, financial results, steelmaking, steel demand, steel prices, Chris Prentice

NEW YORK — ArcelorMittal SA expects to take a $4.3-billion write-down on its European businesses, the steelmaker and mining company said Friday.

The Luxembourg-based company will take a non-cash goodwill impairment charge to be recorded in its fourth-quarter results, it said Friday, citing a weak macroeconomic and....

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