ArcelorMittal beats estimates in Q3, trims forecast for steel demand

Topics ArcelorMittal


ArcelorMittal, the world's largest steelmaker, cut its forecasts for demand in its main U.S. and European markets but reported a higher-than-expected core profit. The Luxembourg-based company said on Thursday its third-quarter core profit (EBITDA), the figure most watched by the market, was $1.

06 billion, compared with the average forecast in a company poll of $930 million. ArcelorMittal shares were up 8.2 per cent, making them among the strongest performers in the FTSEurofirst 300 index of top European shares. The seesaw.

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