|Bid||4.52 x 260000|
|Ask||4.56 x 300000|
|Day's Range||22.47 - 22.72|
|52 Week Range||15.59 - 26.52|
|PE Ratio (TTM)||7.14|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
After a decade of waiting, Europe is seeing its second major steel deal in months, which should be good news for a fractured industry suffering from too much supply.
Notably, while ArcelorMittal is trading with decent year-to-date (or YTD) gains, US steelmakers including U.S. Steel (X) and AK Steel (AKS) are trading with YTD losses.
In 2015, ArcelorMittal was not alone in revising its dividend policy. Rio Tinto and BHP Billiton also scrapped their progressive dividend policies that year.