BRUSSELS (Reuters) – ArcelorMittal, the world’s second largest steelmaker, reported higher than expected first quarter earnings and forecast market conditions would continue to improve in the second quarter on Thursday.
The Luxembourg-based company said on Thursday first-quarter core profit (EBITDA), the figure most watched by the market, was $1.82 billion, much lower then the year-ago figure of $5.08 billion but higher than the average forecast in a company poll of $1.64 billion.
(Reporting by Marine Strauss @StraussMarine; editing by Philip Blenkinsop)
