UPDATE 4-ArcelorMittal sees China, autos supporting H2

Newswire

* Q2 core profit $3.41 billion vs expected $3.25 billion * Upbeat outlook matches Nippon Steel's * Sees Q3 core profit $2.4-2.8 bln vs Rtrs poll $2.65 bln * Sees H2 2011 better than H2 2010 * Shares up 1.6 percent (Adds shares, analyst comment, reference to other steelmaker results) By Philip Blenkinsop BRUSSELS, July 27 (Reuters) - World No. 1 steelmaker ArcelorMittal sees demand from China and the auto industry along with more in-house ore and coal supplies supporting second half profits ...

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