BRUSSELS, Aug 1- ArcelorMittal, the world's largest producer of steel, reported on Wednesday better-than-expected core profit for the second quarter and said it believed market conditions would remain favorable for the remainder of 2018.. The company's second-quarter core profit surged 45 percent to $3.073 billion from $2.112 billion a year ago.
*Q1 EBITDA $2.51 bln vs consensus $2.33 bln. BRUSSELS, May 11- The world's largest steelmaker ArcelorMittal said the outlook for 2018 had improved after a sharp pick-up in steel prices and increased iron ore shipments helped it deliver higher-than-expected first-quarter earnings on Friday. ArcelorMittal said demand was likely to increase this year for...
*Q1 EBITDA $2.51 bln vs consensus $2.33 bln. Demand appeared strong, notably in the United States, Europe and Brazil, and the spread between the price of steel and its raw materials was healthy, ArcelorMittal said. The firm has been a vocal supporter of trade measures against cheap imports into both the United States and the European Union, where it has the bulk of its...
ArcelorMittal launched plans to raise $3 billion in fresh capital in a bid to reduce debt in the face of weak steel and mining sectors.
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*Proposes dividend of $0.20 from 2013, vs $0.75 in 2012. BRUSSELS, Oct 31- ArcelorMittal, the world's largest steelmaker, plans to slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss.
BRUSSELS, Oct 31- ArcelorMittal, the world's largest steelmaker, said it would slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss.
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*ArcelorMittal will look to move workers to new jobs. By Vincent Kessler FLORANGE, France, Oct 1- Steelmaker ArcelorMittal.
FLORANGE, France, Oct 1- Workers occupied the site of two idle ArcelorMittal steel furnaces in northeastern France on Monday as management and unions met in Paris to decide the fate of a plant that has become a symbol of the country's industrial decline.
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Aditya Mittal has taken charge of ArcelorMittal’s biggest and most problematic unit in a move seen by analysts as paving the way for him to eventually succeed his father, Lakshmi, as chief executive of the world’s biggest steelmaker. The FT reports.