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View Full Version : ArcelorMittal South Africa Cuts Prices as Much as 13% - Bloomberg



NewsWhore
04-30-2009, 12:10 PM
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ArcelorMittal South Africa Cuts Prices as Much as 13% (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Da4EeWom6_CR8%26refer%3Dafrica&cid=1342956355&ei=Xs_5SfnnKYXGsgaHpPDACw&usg=AFQjCNGMsIrciXyQhoPtjXwsbW6_IAAhqQ)
Bloomberg
The local currency gained 11 percent against the dollar this month. ArcelorMittal South Africa posted its first quarterly loss since 2001 yesterday after declining global demand forced it to cut prices by about 60 percent since September. ...


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