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ArcelorMittal Sees Profit Boost From Tougher EU Steel Curbs

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ArcelorMittal Sees Profit Boost From Tougher EU Steel Curbs ArcelorMittal SA’s third-quarter earnings came in just above expectations, giving investors an an early read on how the European Union’s trade curbs have affected its biggest steelmaker. Earnings before interest, taxes, depreciation and amortization stood at $2.02 billion, down from $2.06 billion in the previous quarter. Analysts had expected $1.89 billion, according to a Bloomberg survey.

ArcelorMittal Sees Profit Boost From Tougher EU Steel Curbs ArcelorMittal SA’s third-quarter earnings came in just above expectations, giving investors an an early read on how the European Union’s trade curbs have affected its biggest steelmaker. Earnings before interest, taxes, depreciation and amortization stood at $2.02 billion, down from $2.06 billion in the previous quarter. Analysts had expected $1.89 billion, according to a Bloomberg survey.
ArcelorMittal Sees Profit Boost (ORG) the European Union’s (ORG) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →