Business & Finance
ArcelorMittal Sees Profit Boost From Tougher EU Steel Curbs
Key Points
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.