Investopedia: Back To The Future With ArcelorMittal

2012 has been a tortuous year for investors hoping for a steel rebound. While valuations across the sector have looked low, companies struggled to make price hikes stick and the slowdowns in Europe and China have led to widespread worries about demand. All of that said, ArcelorMittal (NYSE:MT) is now trading close to its 2008 troughs, but without the same debt and inventory worries that attended that low. Constant disappointment has blunted the virtues of making any sort of value call in the steel sector, but patient investors may want to look at ArcelorMittal as a long-range value turnaround.

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