10
Feb
10:40
AMSA revenue increases, production and profit plunge
ArcelorMittal South Africa (AMSA) recorded a 2.7% on-year increase in 2022 revenue to ZAR 40.77 billion ($2.28 billion), but net profit declined 60.2% to ZAR 2.63 billion.
Ebitda plunged 50.1% to ZAR 4.27 billion in 2022 due to international price corrections and weak domestic demand significantly impacting second-half performance, Kallanish notes.
12-month crude steel production decreased by 20.4% on-year, or 618,000t, to 2.4 million tonnes a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous