ArcelorMittal makes loss in Q1
Edited by Rhod Mackenzie / 2015-05-12 10:15:07
ArcelorMittal has announced of its loss in Q1 2015 at the amount of $728 mln against $205 mln in Q1 2014. The company says one of the reasons was low price for iron ore and low level of production activity in the US steel sector. The volume of iron ore output rose by 5.4% to 15.6 mln tons, on the other hand, ore supplies in Q1 rose to 21.6 mln tons while steel making rose from 23 to 23.7 mln tons.
