Arcelor Mittal is a big company that makes steel, which is used to build things. They just said they think people will need more steel in the next year or so, and this made their stock go up in price. But right now, not many people are buying new things because of some problems in the world, like the virus and wars, so they're being careful with their money. Arcelor Mittal is hopeful that in the future, more people will buy steel and they can grow their business. Read from source...

1. The title is misleading and exaggerated, implying that the stock price increase is solely due to the projected steel demand for FY24, while ignoring other factors that may have influenced the market sentiment, such as analyst ratings, free reports, breaking news, etc.
2. The article does not provide any evidence or data to support the claim that customers are maintaining a "wait and see" approach with no apparent restocking. This statement seems based on personal opinion or anecdotal observation, rather than empirical research or statistical analysis.
3. The article assumes that the low inventory environment (particularly in Europe) is a positive sign for Arcelor Mittal's demand, without considering the possible implications of supply chain disruptions, inflation, currency fluctuations, etc., that may affect the steel industry in the short and medium term.
4. The article expresses an optimistic view on the medium/long-term steel demand outlook, but does not acknowledge the potential risks or challenges that Arcelor Mittal may face, such as environmental regulations, technological innovations, competitive pressures, etc., that may alter the market dynamics in the long run.
5. The article fails to mention any financial performance metrics or key indicators for Arcelor Mittal's operations and profitability, such as revenue, earnings, margins, cash flow, return on investment, etc., that would help readers understand how the company is performing compared to its peers, competitors, or industry benchmarks.