ArcelorMittal South Africa Ltd (ACLJ.J)
16 Aug 2018
BRUSSELS ArcelorMittal , the world's largest steel producer, posted forecast-beating core profit in the second quarter after keeping costs low, and said an improving global market and trade protection were feeding into an upbeat full-year outlook.
JOHANNESBURG ArcelorMittal's South Africa unit swung back to a modest profit in the first half of the financial year, boosted by higher steel prices and upbeat sale volumes, the firm said on Wednesday.
JOHANNESBURG, May 28 ArcelorMittal's South Africa unit will sell its 50 percent stake in trading and shipping company MIHBV to its joint venture partner Macsteel Holdings Luxembourg (MacHold) for $220 million, the steel maker said on Monday.