ArcelorMittal Beats Profit Views on EU Curbs
ArcelorMittal reported third-quarter core earnings above expectations at 2.02 billion dollars. European Union steel import curbs helped boost regional shipments despite rising costs.
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ARCELORMITTAL reported third-quarter EBITDA of $2.02 billion on Thursday morning, topping the $1.96 billion consensus forecast from an LSEG poll as EU trade defenses bolstered regional shipments and sent shares up 6% in early trading.
The earnings beat highlights how protective tariffs and import quotas are insulating European steel producers from soaring energy costs.
