|Bid||25.990 x 900|
|Ask||26.010 x 3200|
|Day's Range||25.795 - 25.890|
|52 Week Range||16.140 - 28.110|
|PE Ratio (TTM)||8.55|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
China’s HRC export spreads rose to the highest level since at least October 2010. Higher spreads could prompt Chinese steel mills to produce more steel.
China's plan to curtail its excess steel and aluminum capacity has led to a spike in prices.
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.