ArcelorMittal predicts that demand for steel will continue to pick up after posting positive financial results for the first quarter of 2018, the company said on Friday May 11.
"The improvement in global steel market dynamics has continued into 2018, supporting an encouraging financial performance in the first quarter," chairman and chief executive officer Lakshmi Mittal said.The world's biggest steelmaker expects global apparent steel consumption to grow by 1.5-2.5% year-on-year in 2018, following an overall rise of 3.2% in 2017. "The outlook for 2018 has strengthened as the year has progressed, with the combination of...