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Slowdown forces ArcelorMittal to write down European biz value by $4.3 bn

Dec 21, 2012

Slowdown forces ArcelorMittal to write down European biz value by $4.3 bn

World's largest steel maker ArcelorMittal today said it will write down the value of its European business by about $4.3 billion on account of decreasing demand in Europe due to weaker macro economic and market environment. #CorporateStrategy #ArcelorMittal #Eurozone debt #Macroeconomic conditions