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Metal coils are seen at ArcelorMittal's steel plant in Ghent, Belgium, May 22, 2018. REUTERS/Yves Herman
BRUSSELS, July 29 (Reuters) - ArcelorMittal, the world’s largest steelmaker, reported on Thursday higher than expected second quarter earnings and said it would start a new $2.2 bln share buy-back program.
The Luxembourg-based company said second-quarter core profit (EBITDA), the figure most watched by the market, was $5.1 billion, almost seven times higher than the year-ago figure of $0.7 bln and far higher than the average forecast in a company poll of $4.67 billion.
Reporting by Marine Strauss @StraussMarine; Editing by Clarence Fernandez
Our Standards: The Thomson Reuters Trust Principles.
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July 29, 2021 at 01:58PM
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ArcelorMittal reports higher Q2 results, to start $2.2 bln share buyback program - Reuters
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