|Bid||4.52 x 260000|
|Ask||4.56 x 300000|
|Day's Range||22.34 - 22.68|
|52 Week Range||14.62 - 26.52|
|PE Ratio (TTM)||7.49|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday. Job cuts are a thorny issue in South Africa were unemployment is at a 14-year high and key sectors of the recession-hit economy, such as trade and manufacturing, are struggling. ArcelorMittal, which is majority-owned by top global producer ArcelorMittal, said it would explore several initiatives, including cost saving measures, assessing the profitability of various product lines and restructuring in the next six months.
With its forbidding chimneys belching smoke into the Mediterranean air, the giant Taranto steelworks on the coastline of southern Italy makes an unprepossessing poster image for the long-awaited consolidation ...
Q2 2017 ArcelorMittal SA Earnings Call