Edition:
India

ArcelorMittal South Africa Ltd (ACLJ.J)

ACLJ.J on Johannesburg Stock Exchange

345.00ZAc
22 Mar 2019
Change (% chg)

-1.00 (-0.29%)
Prev Close
346.00
Open
343.00
Day's High
375.00
Day's Low
331.00
Volume
99,439
Avg. Vol
339,486
52-wk High
608.00
52-wk Low
186.00

Latest Key Developments (Source: Significant Developments)

ArcelorMittal South Africa Says FY HEPS 89 CENTS
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - ArcelorMittal South Africa Ltd ::PRELIMINARY REVIEWED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018.2018 RESULTS WERE POSITIVELY IMPACTED BY HIGHER REALISED STEEL PRICES ON BACK OF STRONGER INTERNATIONAL PRICES.FY REVENUE INCREASED BY 16% TO R45 274 MILLION.FY CASH COST PER TONNE OF LIQUID STEEL PRODUCED INCREASED BY 2%.FY AVERAGE REALISED PRICES ROSE BY 12% ON SALES WHICH WERE 5% HIGHER THAN THOSE OF PREVIOUS YEAR.NO DIVIDENDS WERE DECLARED FOR YEAR ENDED 31 DECEMBER 2018.FY CASH COSTS PER TONNE INCREASED BY AN AVERAGE OF JUST 2%.IN FIRST HALF OF YEAR DOMESTIC STEEL DEMAND AND EXPORTS ARE LIKELY TO REMAIN STABLE.FY HEADLINE EARNINGS PER SHARE 89 CENTS.IN FIRST HALF OF YEAR VOLATILITY IN RAND/US DOLLAR EXCHANGE RATE CONTINUING TO HAVE AN IMPACT ON GROUP'S RESULTS.TURNAROUND IN HEADLINE EARNINGS FROM A LOSS OF R2 518 MILLION TO A PROFIT OF R968 MILLION IN FY.FY GROUP'S CAPACITY UTILISATION IMPROVED TO 84% COMPARED TO 81% PREVIOUS YEAR.FY RESULTS AFFECTED BY WEAKER DEMAND IN DOMESTIC STEEL MARKETS, LOW LEVELS OF INVESTMENT & INFRASTRUCTURE SPENDING.SAYS "SOUTH AFRICA AND KEY AFRICAN MARKETS CONTINUE TO FACE THREAT OF STEEL IMPORTS, MAINLY FROM CHINA".GLOBAL STEEL MARKETS CONTINUED TO IMPROVE FROM 2017 INTO 2018.TREND OF STRONGER PRICES REVERSED WITH DECLINE IN Q4, DUE TO GLOBAL TRADE WAR FEARS DAMPENING POSITIVE GROWTH SENTIMENT.  Full Article

Arcelormittal South Africa Sees FY HEPS Within A Range Of 84 And 94 Cents Per Share
Friday, 1 Feb 2019 

Feb 1 (Reuters) - ArcelorMittal South Africa Ltd ::FY LOSS PER SHARE SEEN TO IMPROVE FROM 469 CENTS PER SHARE TO A PROFIT WITHIN A RANGE OF 120 AND 130 CENTS PER SHARE.SEES FY HEADLINE EARNINGS PER SHARE WITHIN A RANGE OF 84 AND 94 CENTS PER SHARE.  Full Article

Arcelormittal South Africa Posts 5 pct rise in Qtrly Liquid Steel Production
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - ArcelorMittal South Africa Ltd ::QTRLY LIQUID STEEL PRODUCTION UP 5%.VOLATILITY IN RAND/US DOLLAR EXCHANGE RATE CONTINUES TO IMPACT BUSINESS SIGNIFICANTLY.QTRLY STEEL SALES 1 102 000 TONNES VERSUS 1 065 000 TONNES.QTRLY LIQUID STEEL PRODUCTION 1299,000 TONNES VERSUS 1240,000 TONNES REPORTED LAST YEAR.QTRLY EXPORT STEEL SALES 215,000 TONNES VERSUS 202,000 TONNES.QTRLY COMMERCIAL COKE PRODUCED 43,000 TONES VERSUS 47,000 TONES REPORTED LAST YEAR.QTRLY COMMERCIAL COKE SALES 42,000 TONES VERSUS 49,000 TONES REPORTED LAST YEAR.  Full Article

Arcelormittal South Africa Says CFO Dean Subramanian Resigns
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - ArcelorMittal South Africa Ltd ::APPOINTMENT OF INTERIM CHIEF FINANCIAL OFFICER.RESIGNATION OF DEAN SUBRAMANIAN AS CFO AND EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM JULY 31, 2018.RECRUITMENT PROCESS FOR A CFO IS WELL ADVANCED.GERHARD VAN ZYL, CURRENTLY A SENIOR MANAGER IN FINANCE FUNCTION, WILL ACT AS CFO UNTIL NEW CFO IS APPOINTED.  Full Article

ArcelorMittal South Africa HY HEPS 5 Cents, Rev Up 19.4 Pct
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - ArcelorMittal South Africa Ltd ::DISPOSAL OF INVESTMENT IN MACSTEEL INTERNATIONAL HOLDINGS BV (MIHBV) PROGRESSING WELL.HIGHER INTERNATIONAL STEEL PRICES IN HY.HY RESULTS NEGATIVELY IMPACTED BY STRENGTHENING OF AVERAGE RAND/US DOLLAR EXCHANGE RATE.HY LIQUID STEEL PRODUCTION FOR YEAR WAS 2.6 MILLION TONNES, AN INCREASE OF 185 000 TONNES (7.8PCT).ARCELORMITTAL SOUTH AFRICA LTD HY HEPS 5 CENTS.HY REVENUE INCREASED BY 19.4 PCT TO R22 868 MILLION.ARCELORMITTAL SOUTH AFRICA LTD HY LOSS PER SHARE 147 CENTS.HY CASH COST PER TONNE OF LIQUID STEEL PRODUCED DECREASED BY 6PCT TO R7396.IN H2, DOMESTIC STEEL DEMAND AND EXPORTS ARE EXPECTED TO REMAIN STABLE APART FROM SEASONAL SLOWDOWN DURING DECEMBER.IN H2, SALES PRICES ARE EXPECTED TO REMAIN STABLE.HIGHER SALES VOLUMES OF 10.2PCT IN HY.LOWER RAW MATERIAL COST WAS MAINLY DRIVEN BY LOWER IRON ORE AND COKING COAL PRICES IN HY.NO DIVIDENDS WERE DECLARED FOR SIX MONTHS ENDED 30 JUNE 2018.  Full Article

Arcelormittal South Africa's Expects To Report HY HEPS Between 1 And 9 Cents
Thursday, 19 Jul 2018 

July 19 (Reuters) - ArcelorMittal South Africa Ltd ::ARCELORMITTAL SOUTH AFRICA - HY LOSS PER SHARE IS EXPECTED TO DECREASE FROM 203 CENTS PER SHARE TO A LOSS WITHIN A RANGE OF 142 AND 152 CENTS PER SHARE.ARCELORMITTAL SOUTH AFRICA LTD - HY HEPS EXPECTED TO DECREASE FROM 148 CENTS PER SHARE TO A HEADLINE PROFIT PER SHARE WITHIN RANGE OF 1 AND 9 CENTS.  Full Article

ArcelorMittal South Africa Posts Q1 Liquid Steel Production Of 1,270 KT
Friday, 11 May 2018 

May 11 (Reuters) - ArcelorMittal South Africa Ltd ::Q1 LOCAL SALES DOWN 2%.Q1 LIQUID STEEL PRODUCTION 1,270 KT VERSUS 1,199 KT YEAR AGO.Q1 EXPORT SALES UP 33%.Q2 LOCAL SALES WILL CONTINUE TO BE UNDER PRESSURE DUE TO TOUGH TRADING CONDITIONS.IN Q2 EXPECT FLAT PRODUCT VOLUMES WILL INCREASE FOLLOWING POTENTIAL UPSIDE FROM RENEWABLE ENERGY AND OTHER PROJECTS.Q2 EXPORT SALES WILL BE HIGHER DUE TO BETTER INTERNATIONAL PRICES.  Full Article

Arcelormittal South Africa's FY Headline Loss Per Share at 230 Cents
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Arcelormittal South Africa Ltd ::FY ‍HEADLINE LOSS DOWN FROM R2 589 MILLION TO R2 518 MILLIO​.FY ‍REVENUE INCREASED 19 PCT FOLLOWING A 15 PCT INCREASE IN AVERAGE NET STEEL PRICES​.‍FY CASH COST PER TONNE OF LIQUID STEEL PRODUCED INCREASED BY 16 PCT FOLLOWING HIGHER INPUT MATERIAL PRICES​.‍POSITIVE EBITDA OF R650 MILLION ACHIEVED IN Q4 2017.FY ‍IMPORTS DECLINED BY 195 000 TONNES IN YEAR​.‍FY APPARENT STEEL CONSUMPTION AT ITS LOWEST LEVEL SINCE 2010 FROM 5,137KT TO 4,801KT​.‍IN 2017 GROUP'S OPERATING LOSS INCREASED BY R128 MILLION OVER PRIOR YEAR​.ARCELORMITTAL - ‍"THROUGHOUT 2017 PRIMARY STEEL PRODUCTS CONTINUED TO FLOW INTO SOUTH AFRICA ALTHOUGH THERE WAS A STEADY AND SUSTAINED DECREASE IN H2"​.ARCELORMITTAL SOUTH AFRICA - "‍GLOBAL STEEL DEMAND HAS SHOWN SOME IMPROVEMENT IN 2017, MAINLY ATTRIBUTED TO POSITIVE MARKET ENVIRONMENT IN DEVELOPED COUNTRIES"​.‍FY COKE AND CHEMICALS' REVENUE GREW BY 2 PCT DESPITE A DECREASE IN COMMERCIAL COKE SALES OF 44 PCT​.‍GROUP'S FY CAPACITY UTILISATION WAS 81 PCT COMPARED TO 78 PCT PREVIOUS YEAR​.‍"ARCELORMITTAL SOUTH AFRICA IS NOT IN A POSITION TO DECLARE DIVIDENDS"​.‍NO DIVIDENDS WERE DECLARED FOR YEAR ENDED 31 DECEMBER 2017​.ARCELORMITTAL SOUTH AFRICA - ‍"IN 2018 DOMESTIC STEEL DEMAND IS LIKELY TO REMAIN CONSTRAINED DUE TO LOW ECONOMIC GROWTH AND A LACK OF INFRASTRUCTURAL SPEND".  Full Article

‍ArcelorMittal South Africa Confirms Payment To Competition Commission​
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Arcelormittal South Africa Ltd ::‍ARCELORMITTAL SOUTH AFRICA CONFIRMS PAYMENT TO COMPETITION COMMISSION​.REACHED AGREEMENT WITH COMMISSION, SUBJECT TO APPROVAL, TO DIVIDE 2017 PAYMENT INTO THREE SEPARATE TRANCHES OF R100 MILLION EACH​.‍REVISED PAYMENT TERMS APPLY ONLY TO FIRST YEAR OF AGREEMENT AND NEXT TWO INSTALMENTS WILL BE MADE ON 1 APRIL 2018 AND 1 JULY 2018​.SET TO PAY AMOUNT OF R1.5 BILLION OVER FIVE YEARS, IN INSTALMENTS OF NO LESS THAN R300 MILLION/ ANNUM. FIRST INSTALMENT WAS DUE ON NOV 16.  Full Article

ArcelorMittal South Africa Appoints Hendrik Verster As CEO
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Arcelormittal South Africa Ltd ::ARCELORMITTAL SOUTH AFRICA - ‍APPOINTMENT OF HENDRIK JACOBUS "KOBUS" VERSTER AS CEO AND EXECUTIVE DIRECTOR OF ARCELORMITTAL SOUTH AFRICA, HAS BEEN APPROVED.- VERSTER WILL OFFICIALLY ASSUME POSITION OF CEO AND EXECUTIVE DIRECTOR WITH EFFECT FROM 1 FEBRUARY 2018.‍VERSTER WILL JOIN ARCELORMITTAL SOUTH AFRICA ON 2 JANUARY 2018 AS CEO DESIGNATE.‍VERSTER WILL OFFICIALLY ASSUME POSITION OF CEO AND EXECUTIVE DIRECTOR WITH EFFECT FROM 1 FEBRUARY 2018​.  Full Article