(Advertisement)

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.

This story is only available from our archives.

Business, Pages 25 on 02/07/2013

(Advertisement)



« Previous Story

Business news in brief

QUOTE OF THE DAY “It is amazing that RBS employees tried to fly above the law.They acted as if they were the masters of the universe and the rules of fair play just didn’t ... Read »

Next Story »

3rd bank OKs fine for fixing key rate

Royal Bank of Scotland on Wednesday became the third international bank to reach a settlement in the ongoing investigation of the widespread manipulation of the global inte... Read »