U.S. Steel ([[X]] +2.8%) and ArcelorMittal ([[MT]] +1.2%) are upgraded to Outperform from Market Perform at Cowen, which prefers the most vertically integrated steel companies to insulate against rising raw material costs. Strengthening demand and an accelerating ... FULL ARTICLE AT Seeking Alpha
There’s good news and there’s bad news for steel companies, says Cowen’s Anthony Rizzuto and team. Reuters The good news is that accelerating economies in Europe and the U.S. will increase demand for steel and the ... FULL ARTICLE AT Barron's
LONDON (The Deal) -- European markets were drifting downward Monday, as investors waited for signals later this week from the European Central Bank. Better-than-expected manufacturing industry data and a particularly strong performance in the U.K. weren't enough to stop ... FULL ARTICLE AT The Street
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Mittal Steel Company N.V. (Euronext: MT, NYSE: MT) was the world's largest steel producer by volume, and also the largest in turnover. The company is now part of ArcelorMittal.
CEO Lakshmi Mittal's family owned 88% of the company. Mittal Steel was based in Rotterdam but, managed from London by Mittal and his son Aditya. It was formed when Ispat International N.V. acquired LNM Holdings N.V. (both... Full Article At Wikipedia.org