ArcelorMittal profit jumps but outlook is muted

The Philadelphia Inquirer reports that despite a 48% rise in third-quarter profits, ArcelorMittal is less optimistic about it’s predictions for the remainder of the year.

The story is quoted as saying:

Arcelor was cautious in its outlook for the fourth quarter, “as the expected higher input prices continue to work through the business and demand remains muted, though with some regional differences,” Chief Executive Lakshmi N. Mittal said in a statement.

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