Aditya Mittal set to take over from his father as CEO of ArcelorMittal

The company also said it will pay a dividend of 30 cents a share. The steelmaking giant halted payouts following a collapse in demand last year

ArcelorMittal reinstated its dividend and named Aditya Mittal as its new chief executive officer as a rebounding steel market helped it shrug off the impact of the pandemic. 
 

Steel demand -- a key barometer for global economic growth -- will increase by 4.5 per cent to 5.5 per cent this year, the company said Thursday in its full-year earnings statement. Steelmakers from India to Japan have flagged a recovery in demand and prices after enduring a difficult year in 2020 as Covid-19 crushed consumption.

It will pay a dividend of 30 cents a share, the company said. The steelmaking giant