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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.

Bureau Report

First Published: Tuesday, February 7, 2012 - 12:34
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