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ArcelorMittal performance warning

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ArcelorMittal performance warning

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ArcelorMittal has warned investors that it will not perform as well as had been expected in the first quarter of this year.

The world’s top steelmaker said that is because its markets will only recover slowly.

It is likely to ship more steel during the period, but prices will be lower and costs higher putting pressure on core profits.

Steel producers have been increasing output as the recession ends and demand grows.