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

|About: ArcelorMittal (MT)|By:, SA News Editor

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%.