ArcelorMittal Says European Steel Tariffs Boost Profits
The company said tariffs are helping Europe’s steel industry offset high energy prices. It reported a 34% surge in EBITDA.
By Joshua KirbyEuropean tariffs are helping the continent's steel industry to offset current high energy prices, boosting earnings, ArcelorMittal said.Europe's largest steelmaker booked a 34% surge in earnings before interest, taxes, depreciation and amortization, a key profit metric, over the thir…