As the world's largest steel producer, however steel markets go so goes ArcelorMittal (NYSE:MT). That does not mean that the company cannot, or has not, make meaningful cost improvements and/or reposition production to take advantage of particular market opportunities, but ArcelorMittal is more leveraged to an overall European and North American steel recovery than more focused/specialized companies like Voestalpine (OTCPK:VLPNY) or Acerinox (OTCPK:ANIOY).
Not Much Relief Over A Better First Quarter
When large North American steel producers like Nucor (NYSE:NUE), Steel Dynamics (NASDAQ:STLD), and AK Steel (NYSE:AKS) all warned on Q1 results due to winter weather, it was pretty clear that ArcelorMittal was going to get hit too...
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