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3 pts

Opinion on  Mittal Steel Company NV N Y Registry (MT)     Sector: Basic Materials  >  Industry: Iron & Steel
MT Enhancing Distribution in Middle East

Jun 30, 2008 11:38 PM UTC
Return Risk
-35.57% LOW
Analyst

Today, Arceclor Mittal, a company with more than 300,000 employees in 60 countries announced plans to enhance its distribution in the Middle East.  http://www.marketwatch.com/news/story/mondays-biggest-gaining...   A Market Watch report stated that "ArcelorMittal,

(MT) the world's largest steelmaker, said it would buy 60% of a new Dubai company, which in turn plans to acquire the main business of a steel distributor in the United Arab Emirates, Dubai Steel Trading Co." 


MT:  This call was made on 06/30/08 @ $94.77
Rating:   Positive   $94.77 (06/30/08)
Gain/Loss:   -71.17% in 191 days


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allstarinvestor   85%     1 point   commented 178 days ago reply

this may not have an immediate impact but given MT presence in the area I think long term this gives them a very strong position and competitive advantage in the industry, the world is flat

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