NEW YORK, NY / ACCESSWIRE / April 13, 2017 / Cliffs Natural Resources and ArcelorMittal both saw their companies lose a little value, as pessimism begins to seep into the Steel Production sector. The one-time optimism has for the most part faded, as campaign promises that brought optimism are now muddled in politics and global concerns.

RDI Initiates Coverage on:

Cliffs Natural Resources Inc.

https://ub.rdinvesting.com/news/?ticker=CLF

ArcelorMittal SA

https://ub.rdinvesting.com/news/?ticker=MT

Cliffs Natural Resources slid 7.64% to close at $7.37 on Wednesday. The stock traded erratically, between $7.72 and $7.29 per share on a volume of 26,956,223 shares traded. The company is a supplier of iron ore pellets to steel companies in North America. It currently has five iron ore mines and pellet plants in Michigan and Minnesota. On Wednesday, analysts were saying the stock was oversold, and that the surge of post-election optimism for the economy has come and gone. This may not only be true for Cliffs, but for the sector as a whole.

Its latest annual financials show a stagnant revenue stream, with a net income at $174.1 million for the year ending December 31, 2016. During the same period it has almost doubled its sales and administrative expenses.

Access RDI's Cliffs Natural Resources Research Report at:

https://ub.rdinvesting.com/news/?ticker=CLF

ArcelorMittal fell 6.84% to close at $7.49 on Wednesday. The stock traded erratically, between $7.77 and $7.45 per share on an above average volume of 22,443,374 shares. The stock price downturn was typical of the industry as a whole today, as inflation news from China coupled with a reported lack of interest from China to import steel for continuing infrastructure improvements spelled bad news for investors. In the United States, the Trump Administration infrastructure repair promises made during the campaign, that were seen as a boom to the steel and mining industries, have become the canary that is slowly growing quieter by the month. Investors are hoping that companies can at least hold their own as the economy and political situation become more stable, nationally and globally.

Access RDI's ArcelorMittal Research Report at:

https://ub.rdinvesting.com/news/?ticker=MT

Our Actionable Research on Cliffs Natural Resources Inc. (NYSE: CLF) and ArcelorMittal SA (NYSE: MT) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com