0949 GMT - ArcelorMittal should achieve a robust second quarter after the Luxembourg-based steelmaker posted a first-quarter Ebitda which just edged expectations, Jefferies analysts Cole Hathorn and Tommaso Castello say in a research note. That said, trade disruptions and market uncertainty could imperil, and lower, initial 2025 steel consumption forecasts. Jefferies, however, estimates the company could achieve $2 billion in Ebitda in 2Q and says it sees the potential for 2025 Ebitda consensus estimates could increase by a range of 0% to 10% to up to $7.2 billion. Shares trade 4.1% down to 25.28 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 05:50 ET (09:50 GMT)
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