ArcelorMittal loss $559 millionChristian Fernsby ▼ | July 31, 2020
ArcelorMittal suffered a loss of $559 million, worse than the $447 million loss during the same quarter last year.
Steel ArcelorMittal factory
The firm confirmed its goal to reduce debt to $7.0 billion.
“There are now signs of activity picking up, especially in regions where lockdowns have ended, but clearly it is prudent to remain cautious about the outlook,” said chief executive Lakshmi Mittal. ■