Steel-maker sees $4 billion loss

ArcelorMittal, world’s largest, blames Europe’s woes

Posted: February 7, 2013 at 3:16 a.m.

A steel worker from ArcelorMittal demonstrates Wednesday Feb. 6, 2013, near the European Parliament in Strasbourg, eastern France. Steel workers coming from Belgium, Luxemburg and northern France gathered to protest against jobs cuts as ArcelorMittal was presenting its fourth quarter earnings. Charges related to its ailing European business and a drop in the value of its assets saw ArcelorMittal SA, the world's largest steel maker, post a near US dlrs 4 billion (euro 3 billion) loss for the fourth quarter. (AP Photo/Christian Lutz)

ArcelorMittal SA, the world’s largest steel-maker, posted a near $4 billion loss for the fourth quarter, hurt by its ailing European business and a drop in the value of its assets.

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Business, Pages 25 on 02/07/2013


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