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ArcelorMittal Q1 Earnings Surpass Estimates with $1.96B EBITDA

May 2, 2024, 05:45 AM

ArcelorMittal, the world's second-largest steelmaker, reported first-quarter earnings that surpassed expectations, with an EBITDA of $1.96 billion compared to the estimated $1.71 billion. The company saw improved results across multiple regions including North America, Brazil, Europe, and India. This performance boost was attributed to better prices and volumes. ArcelorMittal remains optimistic about the medium to long-term demand outlook.