huge company...recovery is coming. MT will be just fine. just hold if you own and buy if you dont have MT.China is doing fine. MT will benefit as they move forward also.. strong buy on MT, X as industrials will need steel products..
I agree with the buy sentiment. Europe is bringing MT's stock price down right now. MT is making a profit in the United States. Once Europe starts to recover, the stock price will move up.. . MT, X(US Steel), and AA(Alcoa) are all very cheap right now. These basic materials companies will rebound very strongly when the world economies finally rebound. The best time to BUY is when things look the worst. MT will pay off for the patient investor.