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Rating: MT
Buy

Arcelor Mittal (NYSE: MT) upgraded to Buy by BofA/Merrill

Friday,  May 15, 2015  10:25 AM ET by Betsy O'Brien Harrison

BofA/Merrill upgraded Arcelor Mittal (NYSE: MT) to Buy. Previously
BofA/Merrill upgraded to Arcelor Mittal (NYSE: MT) to Neutral on 02/10/2014, when the stock price was $16.64.

ArcelorMittal is a global steel producer. The Company has steel-making operations in 20 countries on four continents, including 66 integrated, mini-mill and integrated mini-mill steel-making facilities. ArcelorMittal operates its business in six operating segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa and Commonwealth of Independent States (CIS) (AACIS); Stainless Steel; and Arcelor Mittal Steel Solutions and Services. ArcelorMittal?s steel-making operations have a high degree of geographic diversification. Approximately 36% of its steel is produced in the Americas, approximately 49% is produced in Europe and approximately 15% is produced in other countries, such as Kazakhstan, South Africa and Ukraine. ArcelorMittal produces a range of finished, semi-finished carbon steel products and stainless steel products. In July 2009, the Company completed the acquisition of Noble European Holdings B.V.

BofA/Merrill



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