ArcelorMittal South Africa posts full-year loss

8th February 2024 By: Reuters

ArcelorMittal South Africa posts full-year loss

Photo by: Creamer Media

ArcelorMittal South Africa reported a full-year loss on Thursday, hurt by weak demand and increased imports from China.

The South African unit of the world's No.2 steelmaker ArcelorMittal posted a headline loss per share of R1.70 in the year to December 31, versus headline earnings per share of R2.34 the previous year.