ArcelorMittal posts $261-mn loss
Global steel giant ArcelorMittal posted a net loss of $261 million (around Rs 1,940 crore) for the quarter ended September 30. The company had clocked a net loss of $539 million in the same quarter a year ago, the company said.
The Luxembourg-headquartered integrated steel and mining company follows January-December fiscal year.
The net loss in June quarter was $559 million. Sales in July-September were $13.3 billion as compared to $16.6 billion in the corresponding period of 2019, the company said. PTI
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