News Formal

ArcelorMittal SA’s shares soar with bump in earnings expected

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business Business Headlines News

SA’s biggest steel producer benefits from higher global steel prices due to supply-chain issues

SA’s biggest steel producer ArcelorMittal SA is expecting a bump in its headline earnings after racking up losses for most of the past decade.

Higher global steel prices boosted Amsa in its 2021 year as worldwide supply-chain snarl-ups cut supplies, and now says headline earnings per share will jump 17% to 26% to between R2.61 and R2.81 for its six months end-June...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SAS and pilots' unions reach agreement, ending strike: companyThe agreement was confirmed by both the company and the unions after a negotiation session ran through Monday and into the early hours of Tuesday.
Source: ewnupdates - 🏆 30. / 53 Read more »

MARKET WRAP: JSE and rand weaker as investors digest inflation lurchArcelorMittal bucks the trend with 16% advance after steelmaker says it expects profit bump
Source: BDliveSA - 🏆 12. / 63 Read more »

Nedbank flags profit growth of about a quarterThe bank expects headline earnings per share to rise as much as 28% in its half year to end-June
Source: BDliveSA - 🏆 12. / 63 Read more »

Nedbank flags profit growth of about a quarterThe bank expects headline earnings per share to rise as much as 28% in its half year to end-June I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian equities extend global rallyStrong US corporate earnings and expected resumption of Russian gas supply to Europe lifts sentiment
Source: BDliveSA - 🏆 12. / 63 Read more »

Global shares at three-week highStrong US corporate earnings and the expected resumption of Russian gas supply to Europe have allayed fears of a recession I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: BDliveSA - 🏆 12. / 63 Read more »