ArcelorMittal South Africa posts full-year loss

ArcelorMittal South Africa reported a full-year loss on Thursday, hurt by weak demand and increased imports from China.

The South African unit of the world's No.2 steelmaker ArcelorMittal posted a headline loss per share of 1.70 rand ($0.0900) in the year to Dec. 31, versus headline earnings per share of 2.34 rand the previous year. ($1 = 18.8897 rand)