TEL AVIV (MarketWatch)
ArcelorMittal, the
Luxembourg steel maker, reported on Thursday that first-quarter net income fell
99% on 2.3% higher revenue
The company earned $11 million, or 1 cent a share,
compared with $1.07 billion, or 69 cents, in the year-earlier quarter
Sales
reached $22.7 billion from $22.18 billion
Steel shipments rose 1.2% to 22.2
million metric tons
"Europe remains the biggest challenge and during the first
quarter we announced the extended idling of a number of facilities in line with
our strategy of meeting demand from our more competitive sites," the company
said in a statement
The mining business was hurt by seasonal factors in the
quarter but remains "a key area for growth," the company said
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
viernes, 11 de mayo de 2012
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