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(CHARTPOPPERS.COM, December 17, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company ArcelorMittal (NYSE:MT)
The Consolidated Investment Analysis on ArcelorMittal (NYSE:MT) will be in particular interest to other competing companys within in its sector, such as United States Steel Corp (NYSE: X), Ternium S.A (NYSE: TX) and POSCO (NYSE: PKX)
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. ArcelorMittalÂ’s steel-making operations have a high degree of geographic diversification
Recent News on ArcelorMittal (NYSE:MT)
Steel giant ArcelorMittal said Tuesday it will cut an unspecified number of jobs next year and stick with plans to use 70 percent of its capacity in the current quarter.
The company plans to cut jobs through attrition and "optimization of production," spokesman Bill Steers said in an e-mail.
The Luxembourg-based steelmaker hasn't decided about production beyond this year, he said.
The Wall Street Journal reported this week that ArcelorMittal would use 70 percent of capacity for four more years and planned about 10,000 job cuts, citing unidentified sources.
But Dave McCall, District 1 director for the Pittsburgh-based United Steelworkers and chairman of the bargaining committee with ArcelorMittal, said the union has received no layoff notices from the company. Nor does it expect "any kind of mass layoff" with the strong U.S. market, he said.
"Ours is the strongest steel market in the world. Even at the height of the recession, we were consuming 70 million tons of steel per year," McCall said. "In 2010, we expect demand to be 90-100 million tons. That's 100 percent of what it was in 2007."
To view the Consolidated Investment Analysis on ArcelorMittal (NYSE:MT) Please visit the stock pulse page at www.chartpoppers.com/stock%20pulse/
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors find profitable penny picks, at whatever stage in their careers, and get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com
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