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Arcelor Mittal Stock Takes Off After Projecting 3%-4% Steel Demand In FY24

Arcelor Mittal NY (NYSE:MT) shares are trading higher on Thursday after reporting first-quarter results. The company reported first-quarter sales of $16.282 billion, beating the analyst consensus of $16.238 billion.  The company’s crude steel production remained primarily flat year over year at 14.4 metric tonnes, while steel shipments decreased to 13.5 metric tonnes from 14.5 metric tonnes. The company forecasts world apparent steel consumption to grow by 3% to +4% in 2024, ...