TopStockPlays.com providing you the best fundamental coverage of MT, STLD, MTL, CMC
Pompano Beach, FL -- (SBWIRE) -- 01/11/2013 -- ArcelorMittal (ADR) (NYSE:MT), the world's biggest steelmaker, looks probably to overlook the chorus for additional debt trims, settled to its "junk" position for the time being.
It should previously have done adequate to hit a mid-year net debt estimate of $17 billion, lower from $22 billion at end-December; less than two weeks into 2013, it has generated $4 billion issuing stock and convertibles, $1.1 billion selling a Canadian mining share, and has half a billion dollars coming from the deal of a manganese venture in South Africa.
Is MT a Solid Investment at These Levels? Read This Report For Details
That seems to meet the $5 billion debt cut Moody's stated in August was required by early 2013 to maintain its investment grade rating.
At the current trading session, ArcelorMittal (ADR) (NYSE:MT) shares are down -1.14% to $17.32 while the stocks are trading within the range of $17.26 – $17.50. In the past year, the stock has traded within a range of $13.28 – $23.62. Average daily trading volume is 8.47 million shares.
Has MT Found The Bottom and Ready To Move Up? Find Out Here
If we look at a few other stocks within industry, Steel Dynamics, Inc., Mechel OAO and Commercial Metals Company are in the decliners list. Let’s have a quick look on their Market performance.
Steel Dynamics, Inc. (NASDAQ:STLD) shares are down -1.07% to $14.79 while the stock is trading within the range of $14.76 – $14.97 in the current trading session. In the last 12 months the shares have traded between $10.11 and $16.66. The average daily trading volume is 2.28 million shares.
Why Should Investors Buy STLD After the Recent Fall? Just Go Here and Find Out
Mechel OAO (ADR) (NYSE:MTL) shares in the current session moved down -2.96% reaching $6.89. The stocks are trading in a range of $6.89 – $7.12. In the last year the stock has moved within a range of $5.08 – $12.37. The Company’s average daily trading volume is 1.73 million shares.
Will MTL Get Buyers Even After The Recent Rally? Find Out Here
Another rival company, Commercial Metals Company (NYSE:CMC), is trading down -0.45% to $15.32. Intraday trading recorded the stock price in a range of $15.20 to $15.40. In the previous 52 weeks the stock’s price ranged between $11.30 and $16.32. Their average daily trading volume is 1.08 million shares.
Has CMC Found The Bottom and Ready To Move Up? Find Out Here
The TopStockPlays.com expert team is highly experienced in picking the low-priced shares with the biggest profit potential. We uncover the hidden gems in the stock market-shares that can break out for gains of 300%, 400%, even 500% within a few weeks.
PLEASE NOTE WELL: The TopStockPlays.com employees are not registered as an Investment Adviser in any jurisdiction whatsoever. Please do your research or consults your financial adviser before making any Investment decision. TopStockPlays.com or its employees will not be responsible for any loss or losses.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)