ArcelorMittal Increases Capital Spending by $1 Billion in 2018

Researched by Industrial Info Resources (Sugar Land, Texas)--Judging by its first-quarter performance, this year is shaping up nicely for multinational steel producer ArcelorMittal S.A. (NYSE:MT) (Luxembourg). Ranked as the world's largest steel producer, the company reported $1.2 billion in net income for the just-ended quarter, up from $1.0 billion in first-quarter 2017. Industrial Info is tracking $6.26 billion in ArcelorMittal capital project activity, including $1.61 billion in the North America.

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