ArcelorMittal logs record loss of $4B in Q4
Feb 06, 2013 | 03:43 PM
| Alexandra Chapman
Tags
ArcelorMittal,
European Union,
Europe,
Lakshmi Mittal,
Steel First,
Alexandra Chapman
LONDON — ArcelorMittal SA posted its largest-ever quarterly loss during the final three months of 2012 as the company’s ailing European unit continued to struggle with weak demand.
The Luxembourg-based steelmaker recorded a net loss of $3.99 billion in the fourth quarter of 2012, compared with a loss of $1 billion in the same quarter of 2011. The company’s fourth-quarter revenues fell to $19.3 billion, down nearly 14 percent year on year.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here