ArcelorMittal cuts dividend after tumbling to …

BRUSSELS (Reuters) – ArcelorMittal , the world’s largest steelmaker, plans to slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss. The group, which makes 6-7 percent of the world’s steel, said on Wednesday market conditions would remain tough this year and scrapped its forecast for core profit per tonne in …
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