Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

ArcelorMittal Looks To Ride Recovering Steel Demand Back Into The High Teens

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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