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ArcelorMittal Reports 1st Qtr 2014 $205M Net Loss

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ArcelorMittal today reported a 205-million dollar net loss for the first quarter of 2014, down from a net loss of 345-million dollars for the same period in 2013. The steel and mining giant has local facilities in Gary, East Chicago, Burns Harbor, New Carlisle, and Riverdale. Chairman and CEO Lakshmi Mittal said in a statement that figures released today (Friday) “show the improved year-over-year performance" of their business "driven by recovering steel markets.” and that the prospects for growth of their core markets in the US and Europe are encouraging and that overall they remain "cautiously optimistic" about the business outlook for the rest of this year. 
More info:
http://corporate.arcelormittal.com/~/media/Files/A/ArcelorMittal/investors/results/previous-results/ER%20Q114.pdf


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