Is Steel Barreling Into 2013?


On Wednesday, ArcelorMittal reported its full-year results. While investors were dealt a net loss for the year, they can take solace in the fact that $4.3 billion in non-cash goodwill impairment had a lot to do with turning $7.1 billion in EBITDA into an eventual loss. Its 2012 results, however, weren't the only thing Motley Fool energy and materials analyst Taylor Muckerman was concentrating on. In a down market for steel, it's time to concentrate on trying to determine when things might pick back up. Within its conference call and presentation, ArcelorMittal provided some hints on where it thinks the market is headed. Check out the video below for some signs that could point you in the right direction.

Cliffs Natural Resources could be a great turnaround play
The company has grown from a domestic iron ore producer into an international player in both the iron ore and metallurgical coal markets. Over the long term, it has outperformed many of its competitors. However, over the past year, the stock is down over 50%. This could quickly change if the steel market begins to grow again because of several factors that are likely to remain advantageous for Cliffs' management. For details on these advantages and more, click here now to check out The Motley Fool's brand-new premium report on the company.

The article Is Steel Barreling Into 2013? originally appeared on

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of ArcelorMittal. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.