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ArcelorMittal (NYSE:MT) +9.1% premarket on speculation that the European Commission may extend its anti-dumping investigation on imports of hot-rolled coil to more countries.

The commission is looking into whether Chinese exporters of hot-rolled coil received trade-distorting government aid as well as whether Chinese exporters sold the type of steel in the EU below cost.

RBC Capital says the European Steel Association has petitioned the EC to widen its investigation beyond China to include Turkey, Russia, Brazil, Iran and Ukraine, and that MT would benefit the most from a wider EU trade case.