The world's largest metallurgical company ArcelorMitttal increased its net loss under IFRS 9-fold for 9 months of 2015 by 9 times to USD 1.26 billion. The company's net loss in the third quarter reached USD 711 million.
The company was forced to cut its 2015 profit forecast by $ 1 billion, lowering it to $ 5.2 billion from $ 6-7 billion.
Lakshmi Mittal, CEO of ArcelorMittal, said his company was losing billions of dollars due to low steel prices fueled by soaring cheap exports from China.
ArcelorMittal received $ 1.26 billion in net loss for 9 months 2015
![]() |
Azovpromstal® 6 November 2015 г. 11:02 |