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Finweek English Edition - - COVER STORY -

not cur­rently avail­able. That sur­prises some an­a­lysts who ques­tion whether or not the busi­ness could be bet­ter run. To be fair to the in­cum­bents in South Africa, Arcelor Mit­tal’s global op­er­a­tions are strug­gling – it has as­sets up for sale, and rat­ings agen­cies Stan­dard & Poor’s and Moody’s have down­graded their bonds to junk. Prof­its are down even in China, the French want to kick them out ar­gu­ing that the f irm has no re­spect for France say­ing the f irm has failed to hon­our its

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