ArcelorMittal warns of trade disruption despite strong quarterly profit

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ArcelorMittal warns of trade disruption despite strong quarterly profit - Business Standard

Quick Summary:

The Luxembourg-based company reported quarterly earnings before interest, taxes, depreciation and amortisation (Ebitda) of $1.58 billion, beating analysts' consensus estimate of $1.55 billion provided by the company.

ArcelorMital's steel outlook comments echoed Swedish peer SSAB, which said it expects a more uncertain outlook for its steel divisions due to tariffs.

Heightened uncertainty around the terms of global trade is hurting business confidence and risks causing further economic disruption if not quickly resolved," CEO Aditya Mittal said in a statement.