ArcelorMittal sees H1 pick-up after weak end to 2011
Last Updated: Tuesday, February 7, 2012 - 12:34
Brussels: ArcelorMittal, the world's largest steelmaker, forecast on Tuesday an improvement of earnings in the first half of 2012 after a weak end to last year, with a pick-up of steel shipments and further cost control.
The company, which makes around 7 percent of global steel, said its core profit (EBITDA) in the fourth quarter fell 29 percent to USD 1.71 billion, roughly in line with the average foreast.
First Published: Tuesday, February 7, 2012 - 12:34