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Arcelor Mittal profits surge 43pc
Steel giant Arcelor Mittal yesterday reported a big jump in profits between April and June, with sales up as the global economy picks up. Net profit was $1.7bn (£1.1bn), compared with a loss of $792m in the same period a year earlier and a profit of $679m in the previous quarter. Revenue for the period rose by 43 per cent, from $15.2bn to $21.7bn.