ArcelorMittal 1Q Profit Rises
May 15, 2008
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Steel maker ArcelorMittal SA said that profit climbed 5% in the first quarter to US$2.37 billion. Chief Executive Lakshmi Mittal said demand outside Europe and the U.S. is weathering global uncertainties and unprecedented raw material price increases thanks to the “continued industrialization of a number of key emerging economies” in Asia and eastern Europe. Sales in the first three months of the year rose 22% to $29.8 billion from $24.47 billion a year ago as shipments rose 8%.


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