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BW Businessworld

ArcelorMittal Sees Slow 2013 Pickup

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ArcelorMittal, the world's largest steelmaker, said it expected improvement this year after a wretched 2012 in which a slump of demand in Europe pushed it into a loss.
The Luxembourg-based company said it expected steel shipments overall to be between 2 and 3 per cent higher in 2013 than last year and margins per tonne to improve marginally over the course of the year due to a cost saving plan.