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Steelmaker ArcelorMittal Overcomes Headwinds to Report Strong Gains in Third Quarter

Steelmaker ArcelorMittal Overcomes Headwinds to Report Strong Gains in Third Quarter

Steelmaker ArcelorMittal Overcomes Headwinds to Report Strong Gains in Third Quarter


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SUGAR LAND--November 12, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite supply-chain issues, a drop in shipments and weaker demand from automotive customers, global steel producer ArcelorMittal S.A. (NYSE:MT) (Luxembourg, Luxembourg) reported its highest quarterly profit since 2008 on Thursday. Higher steel price spreads more than offset the lower steel shipments, according to the company. Industrial Info is tracking more than $9 billion worth of active capital projects by ArcelorMittal, including its joint-venture projects in the U.S.

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