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Profit fell in the second quarter of the year compared to the same period of the previous year for Luxembourg-based steel and mining corporation ArcelorMittal SA. ArcelorMittal reported on Thursday that its second quarter net income attributable to equity holders of the parent dropped to $504 million or $0.63 per share from last year’s $1.86 billion or $2.20 per share, reflecting lower operating results, lower income from equity method investments and higher foreign exchange loss and financing costs. Quarterly sales declined to $16.25 billion from $18.61 billion in the prior year. Capex in 202…

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