ArcelorMittal reports losses in first quarter, backs forecasts

(Comtex SmarTrend(R)) A week ago on May 10th, 2013 ArcelorMittal (NYSE:MT) reported earnings and analysts, on average, expected a loss of $0.11 on sales of $20.9 billion. The company actually reported a loss of $0.20 per share on sales of $19.8 ...

ArcelorMittal (NYSE:MT) released its first-quarter earnings on May 10. The company reported revenues of $19.7 billion down 13% from $22.7 billion in Q1 2012. Accordingly, the closely watched EBITDA figure fell 26% year-over-year to $1.57 billion.

Indian billionaire Lakshmi Mittal, who owns the ArcelorMittal industrial group, recently met Romanian Prime Minister Victor Ponta during his annual visit to Romania (both in picture), and asked for the Romanian state's support in reducing energy ...

MUMBAI/HONG KONG: Shares in Tata Steel Ltd recovered from early losses on Tuesday, after the company booked a heavy impairment charge, amid concerns that the write-down could threaten the steelmaker's financing ability and trigger a rating ...

Tags: S. Africa , ArcelorMittal , fin. Reports , steelmaking , South Africa , Istanbul | similar articles » Africa's largest steel producer, ArcelorMittal South Africa, has announced its financial results for the first quarter of the current year, ...

BRUSSELS: ArcelorMittal, the world's largest steelmaker, defied fears of a profit warning yesterday and kept its earnings forecast for this year, helped by deep cost cutting in Europe. Shares in the firm, which makes six-seven per cent of global ...

The JSE closed firmer on Tuesday with losses in the platinum and general resource indices due to labour concerns in the mining sector tempered by gains in industrials and general retailers. At 5pm the JSE all share index closed 0.75 percent firmer ...

AACIS segment crude steel production was 3.2 million tonnes in Q1 2013, flat as compared to Q4 2012. Production increased during Q1 2013 due in part to improved production in Kazakhstan. South African production remained flat as both Q1 2013 and Q4 ...

South Africa's premier steel maker, ArcelorMittal SA, says it lost an estimated 361,000 tons of liquid steel production because of the fire at its Vanderbijlpark works on February 9. This means liquid steel production was down 26% in the first ...