ArcelorMittal, world's largest steelmaker, today reported narrowing of net loss at $ 1.227 billion for the October-December quarter, helped by higher shipments of steel and iron ore and cost savings.It said the results could have been better had the company not incurred $ 1.3 billion on exceptional items.
It had posted a net loss of $ 3.81 billion in the fourth quarter of 2012.Operating profit or EBITDA (earnings before interest, taxes, depreciation and amortisation) rose by 23 per cent to $1.91 billion in the last quarter vis-a-vis $1.56 billion in Q4 of 2012, ArcelorMittal said in a statement.