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You're reading: ArcelorMittal net profit jumps 67 percent
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The world’s largest steel maker said results should further improve in the second quarter — traditionally the year’s strongest — as demand continues to recover from the financial crisis, which hit construction and car production around the world.

However, growth might peter off in the second half, as it did last year, Finance Chief Aditya Mittal cautioned.

For the first three months of the year, ArcelorMittal recorded $1.07 billion (€0.75 billion) in net profit, up from $640 million a year earlier. Sales rose 27 percent to $22.18 billion, as shipments and steel prices increased.

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