ArcelorMittal SA
NYSE:MT

  • LAST PRICE
    23.5600
  • TODAY'S CHANGE (%)
    0.4300 (1.8591%)
  • Bid / Lots
    23.2600/ 1
  • Ask / Lots
    23.8100/ 1
  • Open / Previous Close
    23.4650 / 23.1300
  • Day Range
    23.4650
    23.6450
  • 52 Week Range
    21.3000
    29.1500
  • Volume
    1,624,028

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  • Yesterday

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    • 20 hours ago by Dow Jones
      Companies Mentioned: MT

      1019 GMT - ArcelorMittal is an attractive buy and investors ought to feel tactically bullish about the Luxeumbourg-based steel company, Citi analysts say in a research note. Steel prices are weak globally, and Citi says is a good time to buy shares. U.S., European, Brazil and Black Sea prices are near the lows seen in 3Q 2020 and 3Q 2022 which, at the time, bounced back between 25% to 100% over subsequent quarters, Citi says. "Importantly implied margins for steel producers in these regions are all below average (and close to the troughs) and hence there is little scope for prices to go down significantly from here unless raw material prices fall significantly," Citi says, adding that steel equity prices typically follow steel prices in the short term. Shares trade 2.6% higher to EUR21.6.(pierre.bertrand@wsj.com)

  • Jul 1, 2024

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    • 5:29AM ET on Monday Jul 01, 2024 by Dow Jones
      Companies Mentioned: MT

      ArcelorMittal S.A.: ArcelorMittal publishes its 2023 Payments to Governments in respect of Extractive Industries report

      01 July 2024, 11.30 CET

      ArcelorMittal ('the Company') has today filed its 2023 Payments to Governments in respect of Extractive Industries report, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2023 to governments regarding its mining operations.

    • 4:10AM ET on Monday Jul 01, 2024 by Dow Jones
      Companies Mentioned: MT

      0742 GMT - ArcelorMittal should report a solid second-quarter result but headwinds will make themselves felt later on in the year, which will weigh on performance, Deutsche Bank analyst Bastian Synagowitz says in a research note. Deutsche expects deferred margin compression, market headwinds and operational challenges will affect the Luxembourg-based steelmaker's performance after 2Q, the analyst says. Many of ArcelorMittal's growth projects require time to ramp up which, combined with inflation and possibly higher spending for decarbonization, means that it will likely enter a phase during which execution and budget risks will probably rise while cash conversion fades, with less capital being available for buybacks, the analyst says. ArcelorMittal shares trade 1.5% higher to EUR21.70. (pierre.bertrand@wsj.com)

  • Jun 21, 2024

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    • 7:03AM ET on Friday Jun 21, 2024 by Dow Jones
      Companies Mentioned: MT

      1103 GMT - ArcelorMittal's earnings are expected to decline around 28% on year in the second quarter amid the steel sector's weak demand and recent pressure on prices, UBS analysts say in a research note. The Luxembourg-based company's earnings are expected at around $1.9 billion for the quarter, 2% below consensus, driven in part by prices in the NAFTA region for hot rolled coil steel having slipped 32% since January, with volumes hit by strike action in Mexico. The analysts say they expect no major surprises when the company reports its results in August, but if demand stays weak, there is a risk that consensus Ebitda falls to the lower end of the EUR1.7 to EUR1.8 billion range. Shares trade 1.4% lower at EUR22.08. (pierre.bertrand@wsj.com)

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