ArcelorMittal’s Q2 core earnings slide but ahead of expectations
By Anna Peverieri and Michal Aleksandrowicz (Reuters) -ArcelorMittal, the world’s No. 2 steelmaker, reported second-quarter core profit tumbled 38% on low steel prices but the result was somewhat better than expected as shipments picked up from the previous quarter. Steel prices in Europe and the U.S. are below the marginal cost of production and excess …
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