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ArcelorMittal boosts sales but profits squeezed

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ArcelorMittal said improvements in Europe should outweigh any impacts from the conflict in Iran

ArcelorMittal said improvements in Europe should outweigh any impacts from the conflict in Iran

Steel giant ArcelorMittal said Thursday that while first-quarter sales had risen, adverse exchange rates hit net profits, but added that it was well placed to benefit from European restrictions on imports.

Sales rose 4.4 percent to $15.4 billion. 

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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