Global steel giant ArcelorMittal (MT) is down 8.1% after announcing the idling of a liquid steel...

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

Global steel giant ArcelorMittal (MT) is down 8.1% after announcing the idling of a liquid steel production facility in France, just days after idling a plant in Germany. Analyst Anthony B. Rizzuto thinks the company is smart to shut down its higher-cost European facilities, given weak global demand and high raw material costs.