21
Jul
11:37
Electricity load-shedding drags ArcelorMittal South Africa into loss
Listed steelmaker ArcelorMittal South Africa (AMSA) has advised shareholders it swung to an interim loss in the first half of the year due to the market's softness amid the unprecedented severity of electricity load-shedding, Kallanish notes.
According to Johannesburg Stock Exchange limited listings requirements, the group says in a trading update it expects earnings per share in H1 to tumble on-year between 111% and 114%. This will result in a loss with a ran…
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Anonymous
Very good overview of the weekly steel market.
Anonymous