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Last 1,940
Change Today -30.00 / -1.52%
Volume 412.0K
ACL On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Johannesburg
Frankfurt
As of 11:00 AM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

arcelormittal south africa (ACL) Snapshot

Open
$2,000
Previous Close
$1,970
Day High
$2,000
Day Low
$1,933
52 Week High
09/4/14 - $4,225
52 Week Low
03/31/15 - $1,862
Market Cap
8.6B
Average Volume 10 Days
544.8K
EPS TTM
$-0.57
Shares Outstanding
445.8M
EX-Date
03/4/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ARCELORMITTAL SOUTH AFRICA (ACL)

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arcelormittal south africa (ACL) Details

ArcelorMittal South Africa Limited produces and sells steel products for automotive, construction, household appliances, and packaging markets primarily in the Republic of South Africa. It operates in Flat Steel Products, Long Steel Products, and Coke and Chemicals segments. The company provides hot rolled sheet in coils and steel plates; cold rolled and color coated steel sheet, and hot dip and electro-galvanised steel sheet in coils; and tin plate coils, as well as hot rolled and ultra thin hot rolled coils. It also offers billets and blooms; round ingots; straight and coiled bars; grinding media, carbon, fastener, carbon-structural, alloy-structural, and hot and cold-work tool steel products; and hollow-drill, automotive spring, forging quality, and stainless steel products, as well as seamless line pipes, casings, and tubing products. In addition, the company provides forge products, including rounds, squares, flats, thick-wall tubes, tool steels, stainless steels, hollow-bars, and rise bore pipes, as well as step forgings, rings, disks, and blocks; hot rolled boiler tube and cold drawn precision products; and structural sections, as well as rails for mines and sidings. Further, it offers coal tar products for use in wood preservatives, road binders, pitch, paint, primary raw materials, absorbents, specialty tars, and fuels; carbon reductants; and steel by-products, such as blast furnace slag, mill scale, and ammonium sulphate, as well as engages in the acid regeneration activities. The ArcelorMittal South Africa Limited also exports its products primarily to sub-Saharan Africa and other countries. The company was formerly known as Mittal Steel South Africa Limited and changed its name to ArcelorMittal South Africa Limited in October 2006. The ArcelorMittal South Africa Limited was founded in 1928 and is headquartered in Vanderbijlpark, the Republic of South Africa. ArcelorMittal South Africa Limited is a subsidiary of ArcelorMittal Holdings AG.

8,836 Employees
Last Reported Date: 03/10/15
Founded in 1928

arcelormittal south africa (ACL) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: R1.7M
Chief Operating Officer
Total Annual Compensation: R3.0M
Head of Human Resources, Transformation and C...
Total Annual Compensation: R2.7M
General Manager of Procurement & Logistics
Total Annual Compensation: R3.5M
General Manager of Strategic Projects
Total Annual Compensation: R3.0M
Compensation as of Fiscal Year 2014.

arcelormittal south africa (ACL) Key Developments

ArcelorMittal South Africa Limited Announces Unaudited Consolidated Earnings and Operating Results for the Second Half Six Months Ended December 31, 2014 and Consolidated Earnings and Operating Results for the Year Ended December 31, 2014; Provides Unaudited Sales and Production Guidance for the Fourth Quarter of 2014

ArcelorMittal South Africa Limited announced unaudited consolidated earnings and operating results for the second half six months ended December 31, 2014 and consolidated earnings and operating results for the year ended December 31, 2014. For the second half six months, the company's revenue was ZAR 16,925 million against ZAR 16,531 million, last year. EBITDA was ZAR 448 million against ZAR 791 million in prior year. This was mainly due to the impact of the reline of the blast furnace in Newcastle offset to an extent by the improvement at Vanderbijlpark. Net loss was ZAR 143 million or 36 cents per share against ZAR 2,007 million or 500 cents per share in prior year. Headline loss was ZAR 221 million or 55 cents per share against ZAR 101 million or 25 cents per share in prior year. Authorized capital expenditure commitments for the six months period was ZAR 798 million against ZAR 1,258 million, in prior year. For the second half six months, the company's revenue was ZAR 34,852 million against ZAR 32,421 million, last year. EBITDA was ZAR 1,258 million against ZAR 1,768 million in prior year. Net loss was ZAR 158 million or 39 cents per share against ZAR 2,147 million or 535 cents per share in prior year. Headline loss was ZAR 227 million or 57 cents per share against ZAR 224 million or 56 cents per share in prior year. Authorized capital expenditure commitments for the period were ZAR 798 million against ZAR 1,258 million, in prior year. For the six months of the second half, the company's liquid steel production was 2.132 million tonnes compared to 2,615 tonnes, last year. For the year, the company's liquid steel production was 4.518 million tonnes, a decrease of 578, 000 tonnes compared to 5,096 tonnes,last year reflecting the effect of the planned blast furnace reline at Newcastle. The decrease in tonnes was partly countered by higher production volumes at Vanderbijlpark which was negatively impacted by the fire incident in the prior year. The company provided unaudited sales and production guidance for the fourth quarter of 2014. For the first quarter of 2014, the company expects higher production and sales volumes following the completion of the reline of the blast furnace at Newcastle and the seasonal slowdown in the fourth quarter of 2014.

ArcelorMittal South Africa Limited, 2014 Earnings Call, Feb 13, 2015

ArcelorMittal South Africa Limited, 2014 Earnings Call, Feb 13, 2015

Arcelormittal South Africa Limited Provides Earnings Guidance for the Year Ended December 31, 2014

ArcelorMittal South Africa Limited provided earnings guidance for the year ended December 31, 2014. For the year, the company expects loss per share is expected to be lower than in 2013, mainly due to the impairment charge last year of ZAR 1,950 million related to the closure of the Thabazimbi mine. The loss per share is expected to reduce from 535 cents per share to a range between 33 and 43 cents per share (92%-94% improvement).

 

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