© Reuters. A red-hot steel plate passes through a press at the ArcelorMittal steel plant in Ghent, Belgium, July 7, 2016. REUTERS/Francois Lenoir/File Photo
BRUSSELS (Reuters) – ArcelorMittal (NYSE:), the world’s second-largest steelmaker, on Thursday reported higher-than-expected third-quarter earnings and said it remained positive on the medium-to-long-term steel demand outlook.
The Luxembourg-based company said third-quarter core profit (EBITDA) was $1.87 billion, higher than the average analyst forecast of $1.8 billion in a company poll.
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