SOURCE: Industrial Info Resources

Industrial Info Resources

February 11, 2010 05:00 ET

ArcelorMittal Ends Brutal 2009 With Positive Fourth Quarter, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 11, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- ArcelorMittal (NYSE:MT) (Luxembourg), the world's leading steel company, reported a sharp drop in net income for 2009, despite improvement in the fourth quarter. The company's net income for the year was $118 million, which is 98.75% less than the $9.4 billion reported for 2008. However, the fourth quarter saw a net gain of $1.07 billion, compared to a $2.63 billion loss in the same period of last year.

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