RBC Capital earlier upgraded ArcelorMittal MT from Sector Perform to Outperform.
The stock is up about 4 percent to $16.74 at last check.
Also likely affecting shares of ArcelorMittal Tuesday morning, US Steel, Steel Dynamics and AK Steel have each reported quarterly results recently. Shares of US Steel and Steel Dynamics shares are trading very slightly lower lower shares of AK Steel are trading up nearly 15 percent on a fourth-quarter beat.
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