Friday, February 5, 2016

ArcelorMittal to Raise $3 Billion After Hefty Loss

ArcelorMittal, the world’s largest steelmaker, is set to issue $3 billion worth of shares to strengthen its balance sheet as it grapples with a world-wide steel glut which contributed to a near $7 billion fourth-quarter net loss.

from WSJ.com: US Business http://ift.tt/1NTFYMI
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