OREANDA-NEWS. Shares of the world's largest manufacturer of steel Arcelor Mittal increased on Wednesday approximately by 2% after acknowledgement of the forecast of profit by the company and announcement of the transaction of refinancing on 17 billion euro.

According to Reuter, Arcelor Mittal predicts that its base profit will reach $15,2-15,4 billion in 2006, and in 2007 will grow on the background of good demand for steel.

26 banks are participating in the transaction of refinancing of a duty of the company.