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ThyssenKrupp's results for its fiscal first quarter, which began in October, detailed a 48% increase in earnings before interest, tax, depreciation and amortisation (Ebitda).

However, this was mainly driven by the company's capital goods businesses.

Meanwhile, fourth-quarter earnings for the world's largest steelmaker, ArcelorMittal, saw a 23% year on increase, for the October-December quarter.

In this video, Steel First’s Alexandra Chapman and Elfi Middelbeek take a closer look at the performance of both companies and the outlook for the rest of 2014.