World's largest steelmaker ArcelorMittal said this Tuesday it expects iron and steel prices to remain under pressure through out this calendar year.
Billionaire Lakshmi Mittal-led firm reported a net loss of $7.9 billion in 2015 mostly because of a $4.8 billion writedown on iron ore mining business and a $1.3 billion charge on inventory due to the global steel price plunge.
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