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ArcelorMittal Beats Estimates, Expects Better Second Quarter

ArcelorMittal, the world’s biggest steelmaker, posted first-quarter earnings that beat analyst estimates and forecast higher profit in the second three months of the year.

Earnings before interest, taxes, depreciation and amortization fell to $1.57 billion in the first three months of the year from $2.12 billion a year earlier, ArcelorMittal said today in a statement. That beat the $1.32 billion median estimate of 12 analysts surveyed by Bloomberg.