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UPDATE 1-ArcelorMittal cuts outlook as China dents steel price

* Sees 2015 core profit $5.2-5.4 bln from $6-7 bln before

* Q3 core profit $1.35 bln vs $1.36 bln in Reuters poll

* Now sees global steel market demand down in 2015 (Adds CEO comment, details on China)

By Robert-Jan Bartunek

BRUSSELS, Nov 6 (Reuters) - ArcelorMittal, the world's largest producer of steel, cut its 2015 profit forecast on Friday, saying cheap Chinese exports had hit steel prices and customers were holding off making new orders.

The group said it now expected 2015 core profit (EBITDA) to be between $5.2 and $5.4 billion, down from a previous guidance of between $6 and $7 billion.