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Industry News
16th May 2017

Steel’s soaring profit not good enough as China worries grow

The global recovery in steel demand is making an often-beleaguered industry profitable again, but investors are still not convinced. The world’s largest producer, ArcelorMittal, posted its biggest quarterly profit in almost five years on Friday and earnings increased at Thyssenkrupp AG. Yet both shares sank as ArcelorMittal tempered its outlook for the second quarter and said Chinese exports remain a concern, while Thyssenkrupp predicted negative free cash flow.


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