Has ArcelorMittal (MT) Outpaced Other Basic Materials Stocks This Year?

Company Performance - ArcelorMittal has gained approximately 24.7% year-to-date, outperforming the Basic Materials sector, which has returned an average of 6.1% [4] - The Zacks Consensus Estimate for ArcelorMittal's full-year earnings has increased by 3.3% over the past three months, indicating improved analyst sentiment [4] - ArcelorMittal currently holds a Zacks Rank of 2 (Buy), suggesting a positive outlook for the stock [3] Industry Context - ArcelorMittal is part of the Steel - Producers industry, which consists of 18 individual stocks and currently ranks 80 in the Zacks Industry Rank [6] - The average gain for stocks in the Steel - Producers industry this year is 9.5%, indicating that ArcelorMittal is performing better than its industry peers [6] - Another competitor in the Basic Materials sector, Salzgitter AG, has shown a year-to-date return of 58.1% and also holds a Zacks Rank of 2 (Buy) [5]