Another day, another two scalps for the commodity price crash.

Two huge resources firms reported results on Friday, and you can add both to the pile of giants getting crushed by the falling price of raw materials.

ArcelorMittal, the world’s biggest steelmaker, and BG Group, the FTSE 100-listed oil giant, both took big hits last year, according to financial results released on Friday morning.

Let’s start with Arcelormittal, the Dutch listed steel giant. Arcelor — whose boss Lakshmi Mittal was once the 6th richest man on earth — took an enormous loss of $7.9 billion (£5.4 million) in 2015, as the price read more >>>

Source : BusinessInsider.Com