ArcelorMittal blames EU policy gaps for green plans delay
The world’s second-largest steelmaker said further steps are contingent on favourable policy, technological progress, and market conditions.
Fortescue Metals Group said on Wednesday its half-year profit fell 5 percent as higher prices and production were offset by weaker demand from China, its main market.
Net profit for the six months to Dec. 31 came in at $644 million, compared with $681 million a year ago, the world’s fourth largest iron ore miner said in a statement. The figure was higher than a UBS estimate of $543 million.
The company declared an interim dividend of A$0.19 per share and a special dividend of A$0.11 per share.
(Reporting by Nikhil Kurian Nainan and Ambar Warrick in Bengaluru; Editing by Leslie Adler)
