February 7, 2013
On Wednesday, ArcelorMittal (NYSE: MT ) 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.