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Title: mittal steel

Essay Details

Subject: Business
Author: Fred S
Date: July 22, 2015
Level: University
Grade: B
Length: 3 / 739
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Major changes in rates, particularly changes in the U.S. dollar against the currencies of countries in which Mittal Steel operates, could have adverse effect on its financial condition and results of operations. The imposition of exchange controls or other similar restrictions on currency convertibility in the countries in which Mittal Steel operates could also adversely affect its financial condition and results of operations...

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dollar as its reporting currency. Movements in the exchange rates of the currencies of the countries in which Mittal Steel has operations versus the U.S. dollar have an impact on the earnings of Mittal Steel. Adjustments for currency exchange rate changes are excluded from net income for those fluctuations that do not impact cash flows and are included for those that do...

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