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ArcelorMittal, the world's biggest steelmaker, reported a 12 per cent gain in first-quarter profit and reiterated its earnings target for the year as a revival in European demand counters a slump in Russia and Ukraine.
Earnings before interest, taxes, depreciation and amortisation rose to $1.75 billion from $1.57 billion a year ago, Luxembourg-based ArcelorMittal said on Friday in a statement. Sales rose 0.2 per cent to $19.8 billion.
