Arcelor Mittal reports higher-than-expected Q3 profit

BRUSSELS (Reuters) – ArcelorMittal, the world’s second-largest steelmaker, on Thursday reported higher-than-expected third-quarter earnings and said it remained positive on the medium-to-long-term steel demand outlook.

The Luxembourg-based company said third-quarter core profit (EBITDA) was $1.87 billion, higher than the average analyst forecast of $1.8 billion in a company poll.

(Reporting by Marine Strauss; Editing by Christopher Cushing)

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