ArcelorMittal: Q1 sales rise, profits squeezed by exchange rates
ArcelorMittal said Thursday that first-quarter sales increased but adverse exchange rates reduced net profits; the company said it is well placed to benefit from European import restrictions.
Steel giant ArcelorMittal reported Thursday that first-quarter sales rose, but adverse exchange rates squeezed net profits. The company added it is well positioned to benefit from European restrictions on imports.