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ArcelorMittal South Africa posts full-year loss

ArcelorMittal South Africa's Vanderbijlpark plant

Photo by Creamer Media

8th February 2024

By: Reuters

  

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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.

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Edited by Reuters

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