The steel sector is plagued by price swings that are to a great extent produced by China, alternating acceleration and slowdown of demand. While it’s difficult to get the timing exactly right these cycles are tradable. Longer-term, though, we continue to be firm on ArcelorMittal; the uptrend is still intact. Play The Chinese Steel Cycle […]
Entries Tagged as 'MT'
April 19th, 2017 · No Comments
December 22nd, 2016 · Comments Off on Are The Steel Bulls Still In Charge?
Steel stocks had a terrific year. The rally has been boosted by rising prices and protectionist measures in the US and EU. A possible Trump infrasstructure bonanza could provide further impetus. But there are risks from China, where there is still massive overcapacity. Are The Steel Bulls Still In Charge? – ArcelorMittal (NYSE:MT)
September 5th, 2016 · Comments Off on ArcelorMittal Marching On
July 10th, 2016 · Comments Off on ArcelorMittal Is A Buy
The steel market is stabilizing. ArcelorMittal will still produce positive free cash flow this year, despite the difficult market. While timing a cyclical stock is always difficult, one does not have to get it exactly right to produce substantial gains. ArcelorMittal Is A Buy – ArcelorMittal (NYSE:MT) | Seeking Alpha