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Home>ArcelorMittal Warns on Profit as Lower Iron-Ore Price Takes Toll--Update

ArcelorMittal Warns on Profit as Lower Iron-Ore Price Takes Toll--Update

3party Content

Sat, 2 Aug 2014

By John W. Miller and Alex MacDonald LONDON--Steelmaker ArcelorMittal reported its first quarterly profit in two years as it reaped benefits from closing mills in Europe and a resurgence in U.S. steel demand, but a glum outlook triggered a sharp slide in its shares. A sharp drop in iron-ore prices
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