BRUSSELS (Reuters) – ArcelorMittal, the world’s second-largest steelmaker, reported higher than expected second-quarter earnings on Thursday helped by sharply higher prices and announced it had agreed to pay $2.2 billion for Brazilian peer CSP.
The Luxembourg-based company said second-quarter core profit (EBITDA), the figure most watched by the market, was $5.16 billion, higher than the average forecast in a company poll of $5.09 billion.
(Reporting by Charlotte Van Campenhout, Editing by Philip Blenkinsop)
