ArcelorMittal (MT -4.5%), Europe's largest steelmaker, takes a hit after Moody's downgrades its...

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

ArcelorMittal (MT -4.5%), Europe's largest steelmaker, takes a hit after Moody's downgrades its outlook for the European steel industry to negative from stable due to concerns that a global economic slowdown and the European debt crisis may cause steel demand to shrink over the next 12 months.