Trade view /
06 October 2015 at 8:31 GMT
ArcelorMittal shares are down 44% this year as the slowdown in China and weak steel prices continue to weigh on steel.
The company's weak outlook looks set to persist as global economic demand remains subdued over the coming quarters. There are early signs of a rebound in economic activity but we expect a long lag into the steel industry
ArcelorMittal's profit warning, issued earlier this year, could easily be followed up by more profit warnings and banks are likely to pressure ArcelorMittal to cut net debt further as debt load is increasing.
Management and risk description
Key risks include the firm's Q3 earnings release on November 6, higher steel prices, a better global macro environment.
ArcelorMittal share price since 2009:
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Entry: sell MT:xams at market.
Stop: set stop at €6.10, steps of €0.10.
— Edited by Michael McKenna
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