Arcelor Mittal: cyclical empire
Summary
Largest steel company with a global footprint
Cheap on a normalised basis
Expanding into growth regions in India and Latam
Deleverage complete, tuck in acquisitions from now on
Aligned allocators who learned from past mistakes
To buy on a temporary pullback
Maybe some typo in
It is a very complex company, and I only intend to give the big picture, beca…