Steel: ArcelorMittal still expects demand growth of 3-4% this year, excluding China

ArcelorMittal, the world's second-largest steel producer, reiterated that it expects global steel demand growth outside of China of 3-4% this year, after reporting first quarter results above analysts' expectations. Economic sentiment seems to have bottomed out, and given the low inventory levels, particularly in Europe, as real demand gradually starts to improve, apparent demand is […]