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ArcelorMittal positive about steel demand prospects

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ArcelorMittal continues to expect global apparent steel consumption to increase by between 3% and 3.5% this year.

The leading steelmaker and scrap consumer has upped its consumption growth forecast for Europe to 3-4% based on 'strong' demand. And despite the negative impact of severe weather in this year's first quarter, the growth forecast for the USA has been increased to 5-6% for 2014 as a whole.

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