AMSYF - ArcelorMittal

Other OTC - Other OTC Delayed Price. Currency in USD
17.20
+0.74 (+4.46%)
At close: 3:11PM EDT
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Previous Close16.47
Open17.64
Bid0.00 x 0
Ask0.00 x 0
Day's Range17.20 - 17.86
52 Week Range13.19 - 32.46
Volume203,796
Avg. Volume78,685
Market Cap17.608B
Beta (3Y Monthly)1.80
PE Ratio (TTM)8.48
EPS (TTM)2.03
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2018-05-17
1y Target EstN/A
Trade prices are not sourced from all markets
  • ArcelorMittal to Explore Sale of Construction Business
    Bloomberg

    ArcelorMittal to Explore Sale of Construction Business

    (Bloomberg) -- ArcelorMittal, the world’s biggest steelmaker, is exploring a sale of a downstream construction business as it divests peripheral operations, people familiar with the matter said.The company is working with advisers to prepare an auction of the division, which makes products including roof paneling, according to the people. The business could fetch about 700 million euros ($771 million) to 800 million euros, the people said, asking not to be identified because the discussions are private.A sale is likely to kick off in the fourth quarter and could attract interest from both building materials producers and private equity firms, one of the people said. ArcelorMittal jumped as much as 3.3% in Amsterdam on Wednesday, touching the highest since July.The company announced in August it has the potential to “unlock” $2 billion from its portfolio in the next two years, signaling plans to sell non-core units. Its billionaire chief executive officer, Lakshmi Mittal, said last month that steel demand could be even weaker than previously expected while profits are being hurt by lower prices and higher raw material costs.A representative for ArcelorMittal declined to comment.The plan to sell a non-core asset is positive as it “shows renewed focus on reducing net debt to target levels,” said Christian Georges, an analyst at Societe Generale SA. Investors are watching the metric closely because the company has said it would increase dividends after meeting a target for net borrowings of $7 billion, down from $10.2 billion it had as of end-June.The company said last month it would “prioritize deleveraging,” even amid challenging steel market conditions.(Updates with share move in third paragraph, analyst comment in penultimate paragraph.)To contact the reporters on this story: Aaron Kirchfeld in London at akirchfeld@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.net;Elena Mazneva in Moscow at emazneva@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, ;Lynn Thomasson at lthomasson@bloomberg.net, Nicholas Larkin, Megan DurisinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Ukrainian tax authority refutes comments by official on ArcelorMittal probe
    Reuters

    Ukrainian tax authority refutes comments by official on ArcelorMittal probe

    Ukraine's state tax service on Wednesday said no decisions had been made about a probe into ArcelorMittal taxes, dismissing comments by one of its own officials who had said the steelmaker owed the state 9 billion hryvnias ($355 million). Evgen Bambizov, who is listed on the department's website as head of the large taxpayers' office, had spoken to media about an investigation into ArcelorMittal.

  • Analyst Endorses ArcelorMittal: What You Need to Know
    Motley Fool

    Analyst Endorses ArcelorMittal: What You Need to Know

    What's good news for ArcelorMittal could be good news for Nucor and U.S. Steel.

  • Reuters

    Ukraine ArcelorMittal promises investments after pollution charges

    ArcelorMittal's Ukrainian steel mill, charged with violating environmental standards, will invest $1.8 billion over the next five years to reduce air emissions by 50-55 percent, the company said on Thursday. The decision to invest in the plant's modernisation followed a meeting with Ukrainian President Volodymyr Zelenskiy and his officials, it said in a statement. The plant's acting head Oleksandr Ivanov said the investigation had started after Zelenskiy publicly criticised pollution levels in mid-July when speaking to officials in his hometown of Kryvyi Rih, where the mill is based.

  • Italy set to give ArcelorMittal guarantees to avoid Ilva shutdown: source
    Reuters

    Italy set to give ArcelorMittal guarantees to avoid Ilva shutdown: source

    Italy's ruling coalition is set to offer ArcelorMittal, the world's largest steelmaker, legal guarantees to ensure that it does not shut down the Ilva plant it bought last year, a government source told Reuters on Wednesday. In late June, the Italian parliament revoked the legal immunity that ArcelorMittal received as part of its purchase of the heavily polluting steel plant, Europe's largest, which it promised to bring up to required environmental standards.

  • ArcelorMittal cuts steel demand forecast, targets asset sales
    Reuters

    ArcelorMittal cuts steel demand forecast, targets asset sales

    The world's biggest steelmaker ArcelorMittal cut its forecast for global steel demand, with a sharper reduction now envisaged in Europe due to a lean automotive market. ArcelorMittal shares, which had fallen 20% in the year to date before Thursday, were up 1.5% in early trading. It said Europe would see a decline of between 1% and 2%, having previously forecast a contraction of up to 1%, and also trimmed its expansion hopes for the United States and Brazil.

  • Reuters

    UPDATE 1-ArcelorMittal's Ukraine mill says it will lose $1 mln due to environmental probe

    ArcelorMittal's Ukrainian steel mill will lose $1 million this month after a key piece of steelmaking equipment was seized following a security service investigation, the plant's acting head Oleksandr Ivanov said on Tuesday. The probe into Ukraine's largest private foreign investor is seen as an early test for the presidency of Volodymyr Zelenskiy, who has promised to make the country more business friendly. The Ukrainian security service said earlier it had discovered a source of radiation exceeding safe levels in a new piece of equipment at the plant during a search last week, and had banned the company from using it.

  • Reuters

    ArcelorMittal's Ukraine mill says it will lose $1 million due to environmental probe

    ArcelorMittal's Ukrainian steel mill will lose $1 million this month after a key piece of steelmaking equipment was seized following a security service investigation, the plant's acting head Oleksandr Ivanov said on Tuesday. The probe into Ukraine's largest private foreign investor is seen as an early test for the presidency of Volodymyr Zelenskiy, who has promised to make the country more business friendly. The Ukrainian security service said earlier it had discovered a source of radiation exceeding safe levels in a new piece of equipment at the plant during a search last week, and had banned the company from using it.

  • Reuters

    Ukraine's security service says not putting pressure on ArcelorMittal

    Ukraine's security service's acting chief Ivan Bakanov said on Monday that a search at ArcelorMittal's mill in Kryvyi Rih was not an attempt to put pressure on the company. The Ukrainian arm of the world's biggest steelmaker said on Saturday that the state security service had searched its plant, a week after new Ukrainian President Volodymyr Zelenskiy criticized the management. The security service said last week it was investigating the company for activities which caused damage to the environment.

  • Reuters

    ArcelorMittal's Ukraine mill says searched by security service

    The Ukrainian arm of the world's biggest steelmaker said on Saturday that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelenskiy criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine's largest steel mill, which is now under close government scrutiny. "Today, Ukrainian Security Service officials arrived at our plant and carried out a search," Alexander Ivanov, the acting head of the mill, said in a statement.

  • ArcelorMittal South Africa to cut more than 2,000 jobs, shares drop
    Reuters

    ArcelorMittal South Africa to cut more than 2,000 jobs, shares drop

    The South African arm of steelmaker ArcelorMittal expects to plunge to a first-half loss and cut more than 2,000 jobs as it struggles with cheap imports, rising costs and a flagging local economy, it warned on Wednesday. Shares in the company, majority-owned by ArcelorMittal, dropped more than 10% after it said previous initiatives to reduce costs had proved insufficient and so it was contemplating a "large-scale" restructuring. ArcelorMittal South Africa, which has for some time complained about cheap imports eating into its business, said ongoing challenges in the steel industry as well as a weak South African economy had hit its performance.

  • Court rejects plea against ArcelorMittal's bid for Essar Steel
    Reuters

    Court rejects plea against ArcelorMittal's bid for Essar Steel

    The National Company Law Appellate Tribunal (NCLAT) rejected on Thursday a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in billionaire Lakshmi Mittal's entry into the country's fast-growing steel market. The NCLAT said that the Supreme Court had already cleared the takeover bid and therefore it could not consider the appeal by Essar's founders Shashi Ruia and Ravi Ruia, lawyer Ravin Kapur said.