Is ArcelorMittal S.A. (MT) One of the Top Steel Stocks to Buy Amid US Tariffs?

Group 1 - ArcelorMittal SA (NYSE:MT) has experienced a 66% year-to-date gain, making it one of the top steel stocks to buy amid US tariffs [1][2] - Goldman Sachs downgraded ArcelorMittal SA from 'Buy' to 'Neutral' on October 10, citing that the stock is fully valued after its impressive rally [1][2] - The stock has gained 54.8% since being added to Goldman Sachs' Buy list, benefiting from rising steel prices due to US tariffs [2] Group 2 - Goldman Sachs anticipates that capacity cuts in China will support steel prices, positively impacting ArcelorMittal's prospects [2] - Raw material deflation has improved the company's margins, while safeguards in key markets like Europe and India are expected to enhance stock sentiment [2] - The EU has proposed reducing tariff-free import volumes by 47% to 18.3 million tons, which could further benefit ArcelorMittal [2] Group 3 - High energy costs may limit further gains for ArcelorMittal, leading to a balanced risk-reward scenario at current levels [2] - The company is involved in producing and selling steel products for various industries, including automotive and construction, and focuses on sustainable, lower-carbon steel solutions [2]