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ArcelorMittal Posts $1.1 Billion Loss In Q1
Mail Today
|May 08, 2020
Defers outlook due to coronavirus crisis
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LN Mittal-led global steel giant ArcelorMittal on Thursday announced a staggering net loss of $1.1 billion for the Jan-March quarter this year as the devastating coronavirus pandemic hit demand.
The world's largest steelmaker had posted a net profit of $0.4 billion in the same quarter last year but had plunged into a net loss of $1.9 billion in the October-December quarter of 2019. The world's leading integrated steel and mining company follows January-December fiscal year.
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