More on ArcelorMittal (MT) Q4: massive net loss due to $4.3B hit from write-down of the value of...

|About: ArcelorMittal (MT)|By:, SA News Editor

More on ArcelorMittal (MT) Q4: massive net loss due to $4.3B hit from write-down of the value of European steel ops and $1.3B related to the idling and closure of facilities. Net debt -$1.4B to $21.8B. Forecasts output of +2% to +3% in 2013; expects global steel consumption of +3% after +2% in 2012, with growth in China and Brazil speeding up and Europe's contraction decelerating.