ArcelorMittal beats estimates after "very positive" start to year

ArcelorMittal beats estimates after "very positive" start to year - Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html

By Reuters

Published on 06/05/2021 - 07:45•Updated 19/04/2024 - 14:18

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BRUSSELS (Reuters) - ArcelorMittal, the world's largest steelmaker, reported higher than expected first quarter earnings after what its chief executive said was a "very positive" start to the year.

The Luxembourg-based company said on Thursday first-quarter core profit (EBITDA), the figure most watched by the market, was $3.24 billion, more than triple the year-ago figure of $967 million and higher than the average forecast in a company poll of $2.97 billion.