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ArcelorMittal Message Board

  • longwoolywilly longwoolywilly Aug 20, 2013 8:58 AM Flag

    Analysts cannot be trusted

    They downgrade to create a pullback and then they load up. Never trust an analyst.

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    • These are the same analysts who had a buy rating at $80

    • MT is a sell because China controls the steel market which is in oversupply mode till the GDP here moves to 4% growth. This is unlikely.

      Mt was stupid to believe they could out wit the Chinese. Time has now shown the Chinese are dictating the price and will do so for may years during which MT may drift lower.

      • 1 Reply to bs572
      • China is much more involved in structural steel and like products and will not affect MT sales as much as you may think. MT has many specialty steels products that require true engineering expertise that China is just no capable of making. MT products for manufacturing are also far superior and deliverable in a much faster time than China. Also note that China recently stated they were going to cut back production as much as 20/50% depending on their own needs. China is not the 5000 pound Gorilla of the steel industry you make think. Just think MT is the worlds largest mfg of steel and they command only 7/9% of sales. A lot of others in the market.

        Sentiment: Strong Buy

5.73+0.10(+1.78%)May 2 4:04 PMEDT