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Stock impact report

South Africa's Coalition Government Triggers Wave of Investment [BNN Bloomberg (Canada)]

Arcelor Mittal NY Registry Shares NEW (MT) 
Last arcelor mittal ny registry shares new earnings: 2/6 01:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.arcelormittal.com/investors
Company Research Source: BNN Bloomberg
sentiment not seen in years, spurring hope that Africa's biggest economy may finally be finding its footing after a lost decade-and-a-half. Within days of the coalition agreement in early July, ArcelorMittal SA reversed a decision to shutter two steel plants that support 80,000 jobs. Soon after, Qatar Airways bought a stake in South African airline SA Airlink Pty Ltd. A $70 million auto-parts facility to supply Toyota Motor Corp., which just three years ago said it might leave the country, has since opened and Anglo American Plc announced a $625 million iron-ore investment. “This has been a difficult 10 to 15 years, but there's a much more positive outlook,” Kobus Verster, chief executive officer of the steelmaker's local unit, said in an interview at Vanderbijlpark Works, Africa's biggest steel mill that opened in 1952 south of Johannesburg. “We've got a great shot at this to make it sustainable,” he said of the construction steel facilities in Vereeniging and Newcastle. Since Show less Read more
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