November 7, 2019 / 6:21 AM / 6 days ago

ArcelorMittal takes dimmer view of U.S, Europe steel demand

BRUSSELS, Nov 7 (Reuters) - ArcelorMittal, the world’s largest steelmaker, reported core earnings slightly above market estimates on Thursday, but took a dimmer view of demand in its main U.S. and European markets.

The Luxembourg-based company, which produces around 5% of global steel, said its core profit (EBITDA) in the third quarter was $1.06 billion, compared with the average forecast in a company poll of $930 million. (Reporting by Philip Blenkinsop; Editing by Kim Coghill)

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