Safety remains number one priority - ArcelorMittal SA | Fin24
 
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • South African Airways

    A draft rescue plan calls for the injection of a further R4.6 billion into the struggling flag carrier.

  • Facebook

    Employees criticise Mark Zuckerberg’s inaction over Donald Trump's comments.

Loading...

Safety remains number one priority - ArcelorMittal SA

May 12 2017 12:49

(iStock)

Company Data

ARCELORMITTAL SOUTH AFRICA LIMITED [JSE:ACL]

Last traded 1
Change 0
% Change 1
Cumulative volume 114314
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

ArcelorMittal profit jumps 20% as steel, iron prices rally

ArcelorMittal SA concludes important steel agreement

Patel: Metalworkers industry facing biggest challenge yet

ArcelorMittal posts highest profit since 2014 as steel rebounds

Mittal comes under fire

Predatory behaviour seems hotwired into ArcelorMittal’s DNA - Patel

 

Johannesburg - Safety remains the number one priority, ArcelorMittal South Africa [JSE:ACL] said on Friday in a Sens statement containing its unaudited operational information for the quarter ended 31 March 2017.

It had two fatalities at its Saldanha plant on April 3 2017 - both contractor employees. However, in the first quarter of 2017 its lost time injury frequency rate (LTIFR) improved from 1.17 to 0.44 when compared to the first quarter of 2016.

The company said it experienced difficult trading conditions in the domestic market. The volatility in the rand/dollar exchange rate continues to impact the business significantly.

At the same time the refurbishment of coke batteries at Newcastle Works is progressing as planned and should be completed in the second quarter of 2017.

Liquid steel production was down 2% and local sales down 3%, while export sales were up 9%.

Read Fin24's top stories trending on Twitter:

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote

Loading...