The largest steel company of the World Arselormital in 2012 received a net loss of 3 billion 726 million dollars

In 2012, Arselormital received a consolidated net loss of 3 billion 726 million dollars. Pure loss in terms of one ordinary share after last year amounted to $ 2.41 against net profit at the level of $ 1.46 in the previous year. This is stated in the message of the company.

Sales of metal rolling in 2012 fell by 10.4% and amounted to $ 213 million in total. Profit to taxation, to financial income and costs, depreciation, impairment and reassessment of fixed assets, sponsorship and other payments for charity, corporate invoices, the share of the results of related enterprises and other expenses for non -power activities (EBITDA) fell by 30% - up to 7 billion 80 million dollars. At the same time, the company's operating income amounted to 3 billion 226 million dollars.

In addition, it is reported that in the fourth quarter of 2012, the company's net loss compared to the third quarter increased sharply to $ 4 billion, while in the 4th quarter of 2011, Arselormital showed a net profit of $ 47 million.

"2012 It was a very difficult year for the steel industry, especially in Europe, where the demand for steel fell by more than 8.8%. During the year we took a number of important steps to solve accumulated problems. We focus on our competitiveness and reduction of pure debt. Although we expect that the problems will not go anywhere in 2013, mainly due to the unstable of the European economy, we have recently recently been unstable. We notice a little more positive indicators in the world market, which, in combination with the measures we have implemented, will support the profitability of our steel business this year.