The biggest steelmaker outside China said it now expects steel demand this year – a key barometer for global economic growth – to be at or above the upper range of its February forecast. It projected an increase in demand of 4.5% to 5.5%, following a contraction in 2020 during the pandemic.
LUXEMBOURG: ArcelorMittal SA reported its highest quarterly profit in a decade as steel prices soared amid a commodities boom that’s touched everything from copper to corn.
The biggest steelmaker outside China said it now expects steel demand this year – a key barometer for global economic growth – to be at or above the upper range of its February forecast. It projected an increase in demand of 4.5% to 5.5%, following a contraction in 2020 during the pandemic.
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