|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.20 - 15.75|
|52 Week Range||12.90 - 28.30|
|Beta (3Y Monthly)||1.95|
|PE Ratio (TTM)||3.60|
|Earnings Date||Feb 8, 2018 - Feb 12, 2018|
|Forward Dividend & Yield||0.18 (1.16%)|
|1y Target Est||37.97|
ArcelorMittal confirms that its Italian subsidiary (ArcelorMittal Italia “AMI”) has highlighted to the Italian government its concerns about the current text of the Crescita law decree. If ratified as currently drafted, the provision concerning the Taranto plant would impair any operator’s ability to operate the plant while implementing the environmental plan approved by the Italian Government in September 2017, including for ArcelorMittal. The Taranto plant has been under seizure since 2012 and cannot be operated without legal protection until the environmental plan is implemented.
Europe urgently needs to take further measures to offset the impact of import tariffs imposed by U.S. President Donald Trump, the chief executive of steelmaker ArcelorMittal told a German newspaper in an interview published on Wednesday. The European Commission is currently reviewing its "safeguard" measures designed to limit incoming steel and prevent a surge of imports as a result of Washington's 25% import tariffs, which have effectively closed the U.S. market. "The EU has announced safeguard measures but they weren't effective," Chief Executive Lakshmi Mittal told Frankfurter Allgemeine Zeitung.
China’s May Trade Data: Mixed Bag for Metal and Mining InvestorsChina’s May trade dataOn June 10, China released its trade data for May. The country’s trade data is especially crucial for metal and mining investors due to the country’s
Foreign direct investments play an important role as an indicator of a healthy economy in terms of economic growth and long-term capital movement.
Europe’s Woes Are Far from Over as MT Cuts Production AgainEuropeToday, global steel leader ArcelorMittal (MT) announced that it would be temporarily cutting production in Europe, marking the company’s second production curtailment this month.
ArcelorMittal fell the most in two years after announcing that it’s further cutting steel production across its European plants to cope with weak demand and rising imports. The world’s largest steelmaker will reduce primary production in France, Germany and Spain, according to a statement on Wednesday. It’s the second time this month ArcelorMittal has announced output cuts.
Steel, a business notoriously sensitive to changing winds of economic growth, has been battered by weaker demand, a knock-on effect of lower car sales in Germany. At the same time, costs are rising as a result of surging prices for iron ore and the market is awash with supplies of low-cost steel from Turkey and Russia. For the second time this month, ArcelorMittal announced it would cut production to help balance the market.
LONDON (AP) — The world's largest steel maker, ArcelorMittal, on Wednesday announced further cuts to production at several plants in Europe due to weak demand and high imports, reflecting troubles in the wider industry.
ArcelorMittal underlined the problems facing the European steel industry when it cut production for the second time this month, blaming weak demand and high imports. The European Commission is currently reviewing its "safeguard" measures to limit incoming steel and prevent a surge of imports as a result of increased tariffs effectively closing the U.S. market. ArcelorMittal said its latest cuts amounted to annualised output of 1-1.5 million tonnes.
Further to the announcement made on 6 May, ArcelorMittal today announces its decision to take additional steps to adjust its European production levels to further align its production to the current market demand. The company continues to be impacted by weak market demand and high import levels in Europe.
29 May 2019, 08:00 CET - ArcelorMittal (‘the Company’) has today published its first Climate Action report in which it announces its ambition to significantly reduce CO2 emissions globally and be carbon neutral in Europe by 2050. To achieve this goal the Company is building a strategic roadmap linked to the evolution of public policy and developments in low-emissions steelmaking technologies. A target to 2030 will be launched in 2020, replacing the Company’s current target of an 8% carbon footprint reduction by 2020, against a 2007 baseline.
LONDON (Reuters) - Multiple parties have been given access to the books of British Steel before a deadline for formal expressions of interest in early June, the office handling the liquidation of the company ...
The companies have held preliminary talks on a potential joint bid for the 1,200-megawatt power plant in the central Indian state of Madhya Pradesh, said the people, asking not to be identified because the information is private. Arcelor had previously made a non-binding offer of 48 billion rupees ($690 million) for the asset, Bloomberg News reported in February. Adding Resurgent Power to the bid would help Arcelor, the world’s largest steel producer, gain control of the power plant without putting as much strain on its balance sheet.
Tax incentives in Mexico designed to lure investment to poorer areas should be maintained, the head of ArcelorMittal's Mexican unit said in an interview, despite the new president's suggestion that the policy should not be renewed. ArcelorMittal's chief executive in Mexico Victor Cairo said late on Thursday that the firm's pledge to invest $1 billion over three years in its operations in the Pacific coast port of Lazaro Cardenas would be maintained for now. ArcelorMittal's project includes the construction of a hot roll mill, a blast furnace modernization and mining investment adjustments to better supply the automotive and construction industries among others, said Cairo.
British industrialist Sanjeev Gupta's Liberty House has emerged as one potential bidder for the country's second largest steel producer, two sources told Reuters on Thursday. Business minister Greg Clark said the government had been in talks with potential buyers of British Steel while the opposition Labour Party and trade unions have called for the steelmaker to be nationalised. It is owned by investment firm Greybull Capital, former owners of collapsed airline Monarch.
British Steel, the country's second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britain's Official Receiver said on Wednesday. The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main site in Scunthorpe, northern England. Business Minister Greg Clark said British Steel was open to new buyers, while the opposition Labour Party called on the government to bring it back into public ownership.
Europe's antitrust chief Margrethe Vestager, who has scrutinised mergers involving steel producers, will share her insights of the steel market with her European Commission colleagues on Wednesday. The move came as world No. 1 steelmaker ArcelorMittal warned of a weak market in Europe and announced a cut in its European steel output while British Steel, Britain's second largest steel company, risks collapse with 25,000 jobs at stake. "The steel market as such is of great interest to the Commission.
British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound loan, two sources close to the situation said. Owned by investment firm Greybull Capital, British Steel employs around 5,000 people, mostly in Scunthorpe, in the north of England, while 20,000 more depend on its supply chain. Greybull, which specialises in trying to turn around distressed businesses, paid former owners Tata Steel a nominal one pound in 2016 for the loss-making company which they renamed British Steel.
Thyssenkrupp will still seek partners for its steel operations after abandoning a European merger with India's Tata Steel, Chief Executive Guido Kerkhoff said in comments published on Sunday. Kerkhoff ditched a restructuring plan on Friday, in which the merger was a key part, and resolved instead to transform the steel-to-submarines group into a holding company and list its profitable elevators business. The blueprint will go to a supervisory board vote on May 21.
Key Investor Takeaways from ArcelorMittal’s Q1 EarningsArcelorMittal’s Q1 earningsToday, ArcelorMittal (MT), the leading steel producer globally, released its first-quarter earnings. It posted revenues of $19.2 billion in the quarter as compared