ArcelorMittal is positive about steel demand growth this year

ArcelorMittal positive on medium to long-term outlook for demand after first-quarter earnings beat estimates. World's biggest steelmaker outside of China remains positive on the medium-to-long term outlook. First-quarter results beat estimates for steelmakers in the first quarter.

ArcelorMittal still expects 3-4% steel demand growth this year, excluding China. The steel industry has been suffering from weaker construction activity in Europe and problems in the real estate sector in China. Steel demand in Europe has been challenged by high inflation and tighter monetary policy.