The Luxembourg-based company said it expects steel demand worldwide to recover by 2% to 3% this year, excluding China, after the global economic slowdown that reduced Arcelor's shipments by 11% last year.
ArcelorMittal said it expects a positive free cash flow in 2023, with capital expenditures of between $4.5 and $5 billion. The company reported a net profit of $0.30 per share for the final three months of 2022, below the $0.38 expected by analysts on average.
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