ArcelorMittal (MT)

[Flyy]

They aren't even in a bad position imo.
They are prepared to weather a storm this time around, even in worst case scenario of a double dip:

"BRUSSELS, Sept 23 (Reuters) - - ArcelorMittal , the world's largest steelmaker, said it would weather a possible new recession better than in 2008/2009 because of savings made to date, a healthier balance sheet and its expansion into mining.

The Luxembourg-based group told investors on Friday that its core profit (EBITDA) would be higher than in 2009 if the developed world fell back into recession next year."

link: http://www.reuters.com/article/2011/09/23/arcelormittal-idUSLDE78M02I20110923


Also regarding MT:
http://www.reuters.com/article/2011/09/23/arcelormittal-china-idUSWLA594120110923