Steel (HVV24), the backbone of industrial progress, is currently hitting a rough patch. Prices have plunged this year, battered by a slowdown in demand and a surge in Chinese exports. China’s overproduction and weak property market continue to push global prices down, exacerbated by fresh concerns over industrial demand amid this week’s soft manufacturing data. As U.S. steel producers become an election-year flashpoint for tariff debates, it’s worth taking a look at Luxembourg-based ArcelorMittal S.A. (MT), with its broad geographical exposure – particularly with one bullish analyst arguing th…