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ArcelorMittal cuts 2015 global steel demand forecast

The Red Arrows fly past the ArcelorMittal Orbit at the opening ceremony of the Invictus Games at the Queen Elizabeth Park in east London September 10, 2014. REUTERS/Luke MacGregor

BRUSSELS (Reuters) - ArcelorMittal, the world's largest steelmaker, cut its forecast for the growth of global steel demand this year to between 0.5 and 1.5 percent after reducing its guidance for all regions except Europe. The steelmaker had previously forecast global growth of between 1.5 and 2.5 percent. It reduced its forecasts for China, the United States, Brazil and for Russia and the former Soviet states. (Reporting By Philip Blenkinsop)