Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Steel stocks are lower after ArcelorMittal (MT -3.8%) reported it swung to a Q3 loss and...

  • Wednesday, October 31, 2012, 2:10 PM ET
    Steel stocks are lower after ArcelorMittal (MT -3.8%) reported it swung to a Q3 loss and proposed a reduction to the annual dividend to $0.20 from $0.75, and U.S. Steel's (X -3.9%) weak Q4 guidance prompts Credit Suisse to cut its share price target to $20 from $24. Other steelmakers also see weakness: AKS -2.9%, RS -1.4%.
Track new comments on this story

This news story has 1 comment:

  •  
    looks like from price action today the cut in dividend was expected, however Im out, I would have otherwise expected a bigger drop in share price.
    Long term this is a buy, however over next 12-24 months MT looks to remain flat.
    will likley get back in if price drops below $13.
    31 Oct 2012, 10:04 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Commodities Articles
More Latest Articles »