Thursday, November 1, 2012

ARECELOR MITTAL REPORTS LOSS IN EXCESS OF$700 MILLION IN Q3

World's largest steel maker ArecelorMittal has reported net loss of $ 709 million for the third quarter as against profit of $659 million during the same period last year.

The company had recorded profit of $ 959 million in the second quarter of 2012.

The sales during the July-September quarter stood at $19.72 billion as against $24.21 billion during the same period in 2011.

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