ArcelorMittal (MT) is showcasing its broad portfolio of steel solutions especially tailored to suit the structure and interiors of ships at the ongoing SMM 2014 international maritime trade fair in Hamburg, Germany.
ArcelorMittal, one of the major suppliers of steel products, provides strong steel grades suitable for arctic as well as deep-sea vessels and even special markets such as oil and gas, nuclear or cryogenic.
ArcelorMittal will display products used for the structural parts of ships like heavy steel plates and hot rolled sheets used mostly in hulls and decks in the fair. The company’s representative will also provide assistance to customers in their projects, an enormous logistic support and a well-developed research team for inventing new solutions.
Some of these products which will also be available for customer handling are xcelcolour, xceldesign, xcellook, Aluzinc Florelis, Estetic Mat and the new ranges Granite Impression and Silky Mat.
The company’s shares rose as much as 2% in the trading session on Sep 8 and ended the day at $14.63. The stock is down around 17% so far this year.
ArcelorMittal’s shipbuilding products have been certified by a number of leading organizations like American Bureau of Shipping (ABS), Bureau Veritas (BV) in France, Norway’s Det Nors'ke Veritas (DNV), Germany’s Germanischer Lloyd (GL), Lloyd’s Register of Shipping (LRS) in the UK and Registro Italiano Navale (RINA) in Italy.
ArcelorMittal maintains a strong relationship with most of the ship builders in Europe. The company provides a wide range of services along with quality products to help customers succeed in their marketplace. The international maritime trade fair, thus, offers a platform connecting both the steel maker as well as its associates.
ArcelorMittal has a Zacks Rank #3 (Hold).
Better-ranked companies worth considering in the steel industry are Grupo Simec S.A.B. de C.V. (SIM), TimkenSteel Corp. (TMST) and United States Steel Corp. (X). All these stocks sport a Zacks Rank #1 (Strong Buy).
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