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ArcelorMittal SA climbs to highest levels since Sept 2012

19 Nov 2013

ArcelorMittal SA (ACL‚ Amsa) shares climbed more than 3% in mid-morning trade on Monday, 18 November 2013.

ArcelorMittal SA climbs to highest levels since Sept 2012

Market sentiment towards SA's biggest steel producer continues to improve and Monday's gain takes the share's rise to 85% from its 2013 low of R22.60 on April 29‚ and put it at its highest levels since September 2012.

The company - which earlier this month reported improved quarterly results and concluded a new iron-ore supply agreement with Kumba Iron Ore (KIO) - has gained about 13% this month.

At 12.24pm‚ Amsa was up 3.04% to R44.75‚ giving the company a market value of R19.947bn.

Source: I-Net Bridge

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