Although the U.S. mini-mill companies Nucor (NYSE:NUE) and Steel Dynamics (Nasdaq:STLD) have beaten the market over the past year, these are still tough times in steel, as stocks like U.S. Steel (NYSE:X), POSCO (NYSE:PKX), and ThyssenKrupp
really have not been strong. Even though it may enjoy the reputation of
being the best integrated steel company out there, that reputation
hasn't helped ArcelorMittal (NYSE:MT)
that much, as the stock has languished in a tough steel market. These
shares do seem undervalued, but it's probably going to take more
optimism about the global economy for shareholders to see the benefits.
To read more, please follow this link:
http://www.investopedia.com/stock-analysis/051013/arcelormittal-looks-good-house-really-tough-neighborhood-mt-nue-pkx-x-stld.aspx
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