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HomeFinanceArcelorMittal first quarter sales down 15% to $18.5 billion.

ArcelorMittal first quarter sales down 15% to $18.5 billion.


ArcelorMittal NL:MT said Thursday that its first-quarter sales and earnings declined, but still exceeded analysts’ expectations as market conditions showed improvement.

The Luxembourg-based steelmaker reported $1.1 billion in quarterly net profit compared with $4.12 billion in the first quarter of 2022, on sales that fell 15% to $18.50 billion.

Its…



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