ArcelorMittal returns to profit as raw material prices soar | Malay Mail

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PARIS, Feb 10 — Global steel giant ArcelorMittal reported today a record annual profit for 2021, buoyed by the soaring prices of raw materials after a loss the previous year. Despite a drop in production, the company reported a net profit of US$14.9 billion (RM62 billion) following a US$733...

PARIS, Feb 10 — Global steel giant ArcelorMittal reported today a record annual profit for 2021, buoyed by the soaring prices of raw materials after a loss the previous year.

The group lost its top stop as the world’s biggest steel company to China’s Baowu in 2020 after the pandemic caused the global economy to sink.

 

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