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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