The only hope is delisting
ArcelorMittal SA issued another very bleak set of results and has now lost some R16bn over the last six years with no end in sight. Import tariffs came into effect at the end of June, but not at a rate high enough to make much difference. I have written before of zombie stocks that are still staggering around but are certifiably dead. ArcelorMittal SA is one of them. The only hope here is that the parent company delists it at a cost of some R3bn; small change in the parent company’s Sterling reporting currency.