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MTS - ArcelorMittal SA News Story

€25.21 0.8  3.1%

Last Trade - 16/04/21

Sector
Basic Materials
Size
Large Cap
Market Cap £23.62bn
Enterprise Value £29.90bn
Revenue £38.52bn
Position in Universe 12th / 729

ArcelorMittal profit beats expectations after lockdown easing

Thu 5th November, 2020 6:19am
BRUSSELS, Nov 5 (Reuters) - ArcelorMittal  MT.LU  MT.AS ,
the world's largest steelmaker, reported third-quarter core
profit above expectations on Thursday as the easing of COVID-19
lockdowns led to improved demand in all regions.
    The company, which makes around 5% of the world's steel,
said core profit (EBITDA) fell 15% from a year earlier to $901
million, compared with an average expectation of $838 million in
a company-compiled poll.

 (Reporting by Philip Blenkinsop; Editing by Himani Sarkar)
 ((philip.blenkinsop@thomsonreuters.com; +32 2 585 2869; Reuters
Messaging: philip.blenkinsop.thomsonreuters.com@reuters.net))
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