Steel producer ArcelorMittal South Africa's (AMSA's) share price on the JSE fell by more than 33% on Tuesday afternoon after it announced that it was expecting to report a loss a share of between 30c and 38c for the six months ended June 30, compared with the earnings a share of R2.76 reported for the first six months of 2022. It was also expecting to report a headline loss of share of between 38c and 46c for the period under review, compared with headline earnings a share of R2.71 in the prior comparable period.
