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AMSA's loss widens as steel import influx persists
ArcelorMittal South Africa (AMSA) said on Thursday its half-year loss widened by 47%, with the business weighed down by weak steel prices and an influx of steel imports, mainly from China. The South African unit of global steelmaker ArcelorMittal posted a headline loss of R1.49-billion for the six months ended June 30, from a headline loss of R1.01-billion previously.
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businessday.co.za
ArcelorMittal SA flags deeper losses as IDC weighs steelmaker’s future
ArcelorMittal SA’s latest guidance comes as Industrial Development Corporation assesses long-term viability of its long steel business
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engineeringnews.co.za
AMSA flags widened interim losses
Steelmaker ArcelorMittal South Africa (AMSA) has warned that its loss a share for the six months ended June 30 is likely to be between R1.10 and R1.14, compared with a loss a…
