November 1, 2018 / 6:21 AM / in 12 days

ArcelorMittal expects further growth after Q3 profit surge

AMSTERDAM, Nov 1 (Reuters) - ArcelorMittal, the world’s largest steelmaker, on Thursday reported a 42 percent increase in third-quarter core profit and said results would improve further as demand for steel continued to grow.

Earnings before interest, taxes, depreciation and amortization (EBITDA) for the July-September period came in at $2.7 billion, compared with an average forecast of $2.75 billion in a company-compiled poll of 20 analysts.

Reporting by Bart Meijer; editing by Darren Schuettler

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