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Last Updated : Nov 07, 2019 12:27 PM IST | Source: Reuters

ArcelorMittal takes dimmer view of US, Europe steel demand

The Luxembourg-based company, which produces around 5% of global steel, said its core profit (EBITDA) in the third quarter was $1.06 billion, compared with the average forecast in a company poll of $930 million.

ArcelorMittal, the world's largest steelmaker, reported core earnings slightly above market estimates on Thursday, but took a dimmer view of demand in its main U.S. and European markets.

The Luxembourg-based company, which produces around 5% of global steel, said its core profit (EBITDA) in the third quarter was $1.06 billion, compared with the average forecast in a company poll of $930 million.

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First Published on Nov 7, 2019 12:12 pm
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