Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has ArcelorMittal (MT Quick QuoteMT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

ArcelorMittal is a member of our Basic Materials group, which includes 241 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. MT is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for MT's full-year earnings has moved 14.19% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, MT has gained about 8.02% so far this year. In comparison, Basic Materials companies have returned an average of 1.10%. As we can see, ArcelorMittal is performing better than its sector in the calendar year.

Breaking things down more, MT is a member of the Steel - Producers industry, which includes 25 individual companies and currently sits at #46 in the Zacks Industry Rank. This group has gained an average of 8.38% so far this year, so MT is slightly underperforming its industry in this area.

Investors in the Basic Materials sector will want to keep a close eye on MT as it attempts to continue its solid performance.