Europe's two biggest steelmakers, ArcelorMittal SA and ThyssenKrupp AG, were upbeat about weathering a global economy storm this year, saying Wednesday they expected strong steel demand and higher prices to cover soaring costs.
Chinese efforts to hold back cheap steel exports and recent stockpile selloffs in North America and Europe are expected to boost demand, particularly as fast-growing economies in Asia, Latin America, Russia and eastern Europe call for steel for more buildings, cars and machines.
ArcelorMittal chief executive Lakshmi Mittal said he believed the steel industry was growing "in favorable conditions" especially as his company …
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