ArcelorMittal beats profit expectations as European market strengthens

By Reuters News

- ArcelorMittal , the world's second-largest steelmaker, reported quarterly earnings above market expectations on Thursday, thanks in part to higher steel shipments in Europe.

The Luxembourg-based company reported earnings before interest, taxes, depreciation and amortisation of $2.02 billion for the third quarter, beating analysts' average forecast of $1.96 billion in an LSEG poll.

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