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Article: Top steel company announces profit after nine-month loss
- Article from:
- Xinhua News Agency
- Article date:
- October 28, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Top steel company announces profit after nine-month loss
PARIS, Oct. 28 (Xinhua) -- World top steel company ArcelorMittal,
based in Luxembourg, announced Wednesday the first profit of 903
million U.S. dollars for the third quarter after nine-month
consecutive loss.
Due to combined initiatives including selected growth projects in
key emerging markets, adjusted financial policy and strategic
investment, the giant steel maker gained a net income of 903 million
U.S. dollars, with shipments of 18.2 million tons, up seven percent
from last quarter, the giant said in a statement.
"We have seen the first signs of recovery in the third quarter .
.. and we expect fourth quarter crude steel ...