There are ``sizeable headwinds'' facing ArcelorMittal, such as its reliance on volatile spot steel markets, according to a note from investment bank Nomura sent to Steel Business Briefing.
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'Sizeable headwinds' facing ArcelorMittal:
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Markets may open on a soft note:
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Forecasts bode well for metal prices
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Spot iron ore market tightens up
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Future of German retailer Arcandor looking bleak
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Uncertainties keep investors sidelined
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Crisis not over, Bundesbank warns
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'Be cautious if the markets go beyond the 20 PE multiple'
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Steel industry may see rise in operational cost:
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Regional stocks likely to be in consolidation mode
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ArcelorMittal to buy London Mining
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Japanese market trades firm;
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Growth strategy raises more concerns about mine
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Steel Partners urges Adaptec stockholders to follow recommendation of proxy advisory firms;
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Knoll whiffs on revenues
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ArcelorMittal may be interested in Croatian rebar mill
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ArcelorMittal ready to invest EUR 300