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ArcelorMittal sees FY24 capital expenditures $4.5B-$5B
The Fly

ArcelorMittal sees FY24 capital expenditures $4.5B-$5B

The company said, “As anticipated, apparent demand conditions are now showing signs of improvement as the destocking phase reaches maturity. Despite continued headwinds to real demand, World ex-China apparent steel consumption (“ASC”) in 2024 is expected to grow by +3.0% to +4.0% as compared to 2023.”

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