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ArcelorMittal slides after loss

Johannesburg - Shares of ArcelorMittal South Africa tumble by more than 6 percent after the steelmaker reports a first-half loss of 2 cents per share as weak domestic growth and labour disputes weigh.

The company said it expects the challenging market conditions to persist.

Arcelor Mittal steel foundry. Photo: Arcelor. Credit: ARCELOR

Its shares fell 6.58 percent to 35.50 rand, compared to a 0.42 percent decline in Johannesburg's All-share index. - Reuters

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