Global steel giant ArcelorMittal on Thursday posted a net loss of USD 559 million for the second quarter ended June 30, 2020 amid COVID-19 disruption and termed the quarter as the most difficult period in its history. The world’s largest steelmaker had clocked a net loss of USD 447 million in the year-ago quarter, the company said in a statement.
The Luxembourg-headquartered integrated steel and mining company follows January-December fiscal year. Sales in April-June quarter were USD 11.0 billion, as compared to USD 19.3 billion in the corresponding period in 2019, the company said.
