Last 3,762
Change Today -88.00 / -2.29%
Volume 537.8K
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As of 11:00 AM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

arcelormittal south africa (ACL) Snapshot

Open
$3,830
Previous Close
$3,850
Day High
$3,848
Day Low
$3,650
52 Week High
02/12/14 - $4,850
52 Week Low
07/3/14 - $3,010
Market Cap
16.8B
Average Volume 10 Days
1.3M
EPS TTM
$-0.27
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 manufactures and sells long and flat steel products, and by-products primarily in South Africa. It operates through 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 in coils; hot dip and electro-galvanised steel sheet in coils; tin plate coils; and hot rolled and ultra thin hot rolled coils. It also offers billets and blooms; round ingots; straight and coiled bars; grinding media steel products; carbon steel products; fastener steel products; carbon-structural steel products; alloy-structural steel products; hot and cold-work tool steel products; hollow-drill steel products; automotive spring steel products; forging quality steel products; 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, step forgings, rings, disks, blocks, tool steels, stainless steels, hollow-bars, and rise bore pipes, as well as structural sections and rails. 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 involved in the acid regeneration activities. The company serves automotive, construction, household appliances, and packaging markets. ArcelorMittal South Africa Limited also exports its products primarily to sub-Saharan Africa and Asia. The company was formerly known as Mittal Steel South Africa Limited and changed its name to ArcelorMittal South Africa Limited in October 2006. The company was founded in 1928 and is headquarter in Vanderbijlpark, the Republic of South Africa. ArcelorMittal South Africa Limited is a subsidiary of ArcelorMittal Holdings AG.

8,865 Employees
Last Reported Date: 03/29/14
Founded in 1928

arcelormittal south africa (ACL) Top Compensated Officers

Chief Financial Officer and Executive Directo...
Total Annual Compensation: R2.8M
Chief Operating Officer and Executive Directo...
Total Annual Compensation: R2.3M
General Manager of Human Resources
Total Annual Compensation: R1.8M
General Manager of Procurement & Logistics
Total Annual Compensation: R2.7M
General Manager of Corporate Affairs
Total Annual Compensation: R2.5M
Compensation as of Fiscal Year 2013.

arcelormittal south africa (ACL) Key Developments

ArcelorMittal South Africa Limited Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014

Arcelormittal South Africa Limited reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of ZAR 8,769 million compared to ZAR 8,124 million a year ago. EBITDA was ZAR 56 million compared to ZAR 808 million a year ago. EBITDA per ton was 53 R/t compared to 778 R/t a year ago. Loss from operations was ZAR 236 million compared to profit from operations of ZAR 441 million a year ago. Net loss was ZAR 337 million compared to net profit of ZAR 135 million a year ago. Headline loss was ZAR 329 million or 82 cents per share compared to headline profit of ZAR 147 million or 37 cents per share a year ago. Loss before tax was ZAR 334 million compared to profit before tax of ZAR 233 million a year ago. Cash inflows from operating activities were ZAR 158 million compared to ZAR 436 million a year ago. Investment to maintain operations was ZAR 659 million compared to ZAR 353 million a year ago. Revenue decreased 4%  primarily due to decrease in steel shipments.  For the six months, the company reported revenue of ZAR 17,927 million compared to ZAR 15,890 million a year ago. EBITDA was ZAR 810 million compared to ZAR 977 million a year ago. EBITDA per ton was 369 R/t compared to 460 R/t a year ago. Profit from operations was ZAR 159 million compared to ZAR 233 million a year ago. Net loss was ZAR 15 million compared to ZAR 140 million a year ago. Headline loss was ZAR 6 million or 2 cents per share compared to ZAR 123 million or 31 cents per share a year ago. Cash inflows from operating activities were ZAR 158 million compared to ZAR 436 million a year ago. Investment to maintain operations was ZAR 846 million compared to ZAR 574 million a year ago. Revenue increased 13% primarily due to an 8% increase in average net realised prices.  For the quarter, liquid steel production was 1,145,000 tonnes compared to 1,453,000 tonnes a year ago. Steel sales were 1,061,000 tonnes compared to 1,038,000 tonnes a year ago. Commercial coke sales were 117,000 tonnes compared to 125,000 tonnes a year ago. Capacity utilization was 71% compared to 81% a year ago. For the six months, liquid steel production was 2,386,000 tonnes compared to 2,481,000 tonnes a year ago. Steel sales were 2,195,000 tonnes compared to 2,123,000 tonnes a year ago. Commercial coke sales were 208,000 tonnes compared to 210,000 tonnes a year ago. Capacity utilization was 74% compared to 73% a year ago.

ArcelorMittal South Africa Limited, H1 2014 Earnings Call, Aug 01, 2014

ArcelorMittal South Africa Limited, H1 2014 Earnings Call, Aug 01, 2014

Arcelormittal South Africa Limited Announces Management Changes

ArcelorMittal South Africa Limited announced the appointment of Dr. Hans Ludwig Rosenstock as acting Chief Executive Officer and executive director with effect from 19 February 2014, while the Board embarked on a search for a permanent CEO. This followed the resignation of Ms. Nonkululeko Nyembezi-Heita as CEO on 18 February 2014. The Board announced the appointment of Mr. Paul Sean O’Flaherty as the Chief Executive Officer and Executive Director of the company with effect from 1 July 2014. Mr. O’Flaherty is a Chartered Accountant (B.Acc, B.Com) and was previously the Financial Director and Group Executive of Eskom Holdings. Prior to this, he was the Chief Financial Officer and Deputy CEO at Group Five Limited.

 

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