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Economics

ArcelorMittal earnings rise less than expected

World's biggest steelmaker says demand remains strong in core markets, supporting robust order books and a healthy levels of steel spreads.

27.07.2017

Luxembourg-based ArcelorMittal, the world's biggest steelmaker,  reported a 19.3 per cent year-on-year rise in its earnings before interest, taxes, depreciation and amortisation (EBITDA) in the second quarter and said demand is "robust".

A survey of 23 analysts, released by the company on July 24, had forecast a  22 per cent increase.

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