Dow Jones Newswires: ArcelorMittal first quarter sales down 15% to $18.5 billion.

United States

ArcelorMittal NL:MT said Thursday that its first-quarter sales and earnings declined, but still exceeded analysts’ expectations as market conditions showed improvement.

The Luxembourg-based steelmaker reported $ 1.1 billion in quarterly net profit compared with $ 4.12 billion in the first quarter of 2022, on sales that fell 15% to $ 18.50 billion.

Its…