The Company is a global steel producer. It produces a range of high-quality finished and semi-finished carbon steel products including sheet and plate, long products, including bars, rods and structural shapes, and stainless steel products.
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I'm kicking myself for not buying this at $15.50! Lakshmi Mittal is a savvy businessman who has spend the past 3 decades forging the largest steelmaker in the world. However, his financial prowess keeps him looking over profitability like a hawk, and even through the downturn he did not sacrifice the company's margins.
With global operations, I feel that Europe's problems have been unfairly sinking this stock all year. It's still best-in-class. Outperform.