Why ArcelorMittal Stock Is Red Hot Today
Shares of ArcelorMittal (NYSE: MT) jumped more than 10% by 10:45 a.m. EST on Thursday. Driving up shares of the iron and steel producer were its fourth-quarter results and outlook for what's ahead.
Market conditions in the steel industry remained challenging during the fourth quarter. Because of that, ArcelorMittal's revenue slumped 15.4% year over year while its net loss widened.
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Source Fool.com
