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AMSYF - ArcelorMittal: A Disastrous Q4 But Improvements Are Expected In 2020
ArcelorMittal SA
Introduction
ArcelorMittal (MT) is the largest steel producers in the world, and its well-being is closely correlated to the situation of the world economy. After a performance in the first half of 2019 that was initially very encouraging, the second half of the year was much weaker with a substantial net loss and negative free cash flow in the final quarter of the year. The company appears to be quite optimistic about 2020, but I’m not sure I share its optimism (yet).