The world's largest steelmaker, ArcelorMittal (MT), unveils plans to slash up to 9,000 more...

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

The world's largest steelmaker, ArcelorMittal (MT), unveils plans to slash up to 9,000 more jobs, saving about $1B. Analysts don't expect steel demand to pick up until at least mid-2009 as customers work through their own inventory and scale back production of cars and appliances.