ArcelorMittal (MT) Forecasts Higher Profit As Europe’s Decline Ends

The world’s largest steel maker by volume expects modest improvement in the European Union after declines in 2012 and 2013. ArcelorMittal (NYSE:MT) anticipates EBITDA would rise to around $8 billion in 2014 as against $6.89 billion clocked last year. The world’s leading integrated steel and mining company today unveiled results for the three and twelve-month periods ended December 31, 2013. Net loss narrows ArcelorMittal (NYSE:MT) announced Friday a net loss of $1.23 billion, or 69 cents a share, in the three months ended December 31. This is against a net loss of $3.81 billion or $2.47 a share reported for the…