ArcelorMittal SA climbs to highest levels since Sept 2012
ArcelorMittal SA (ACL‚ Amsa) shares climbed more than 3% in mid-morning trade on Monday, 18 November 2013.
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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.