|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||20.56 - 21.42|
|52 Week Range||17.06 - 30.76|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||4.17|
|Earnings Date||Feb 8, 2018 - Feb 12, 2018|
|Forward Dividend & Yield||0.08 (0.47%)|
|1y Target Est||37.97|
India is the world's largest democracy and its economy has been growing rapidly over the past few decades. Not surprisingly, India has produced a number of billionaire businessmen and women. Although there are still many poor among the Indian population, the country maintains a long tradition of entrepreneurship and wealth creation.
PARIS (Reuters) - ArcelorMittal has offered steel for the restoration of Notre-Dame de Paris after a fire gutted the gothic cathedral's roof and destroyed its iconic spire, the steelmaker said on Thursday. ...
GFG Alliance, a privately held conglomerate, said on Thursday it plans to integrate most of the mining and engineering businesses under its Liberty House unit into a single global steel business with assets across the UK, Europe and Australia. London-headquartered GFG, which is looking at possible stock market flotations for part of its business, said in a statement the consolidated business would include its UK steel and engineering assets, a steel plant and mines in Australia, and seven European plants it acquired from ArcelorMittal.
17 April 2019, 17:00 CET – ArcelorMittal (‘the Company’) today announces that it has received European Commission (‘EC’) approval for the sale of several steelmaking assets to.
The European Commission has approved the sale by ArcelorMittal, the world's largest steel producer, of plants in several European countries to Liberty House to satisfy regulatory requirements for its acquisition of Italian steelmaker Ilva. "In May 2018, the Commission approved the acquisition of Ilva by ArcelorMittal, subject to conditions," the EU executive said in a statement.
Liberty House, the company run by metals magnate Sanjeev Gupta, has won EU approval to buy a number of steelworks from ArcelorMittal. The purchase includes two large plants with blast furnaces in Romania and the Czech Republic, as well as finishing sites in Italy, Belgium, Luxembourg and North Macedonia. It will turn Liberty House into a major player in the continent’s steel industry and follows a rapid string of acquisitions that have transformed what was once a commodities trader into a manufacturing powerhouse.
Few sectors are as economically sensitive as the steel industry, and even top steel producers are not immune. Steel production is now just an incidental player on a world stage that is dominated by China, the largest producer and importer of the metal. Warning! GuruFocus has detected 1 Warning Sign with MT.
The Supreme Court ruled that Essar Steel India Ltd.’s current status has to be maintained, pending a review by a bankruptcy tribunal hearing appeals related to the sale. Friday’s ruling was in response to petitions by banks, including Standard Chartered Plc, which are fighting over how money that’ll be received from the company’s sale should be distributed. A lower court had last month approved Arcelor and its partner Nippon Steel Corp.’s offer to pay $6 billion upfront to lenders and invest another $1.1 billion in the Indian steel company.
The Supreme Court on Friday ordered ArcelorMittal SA to stop a payment to lenders to buy Essar Steel, a lawyer involved in the case said, delaying billionaire Lakshmi Mittal's entry into the country's fast-growing steel market. India's bankruptcy court had approved ArcelorMittal's $6 billion bid for debt-ridden Essar on March 8, potentially ending months of court battles and opening the sector to outsiders. On Friday, the Supreme Court halted ArcelorMittal's payment while a bankruptcy appeals court - the National Company Law Appellate Tribunal - rules on various appeals in the case.
Lakshmi Mittal became the CEO of ArcelorMittal (AMS:MT) in 1976. First, this article will compare CEO compensation with compensation at other large companies. Then we'll look at a snap shot of the business growth. T...
For the second quarter of 2019, investors may want to consider increasing their exposure to ArcelorMittal SA (MT). Warning! GuruFocus has detected 1 Warning Sign with MT. In fact, though slightly lower compared to the estimates in January 2019 and October 2018, the International Monetary Fund's new estimates suggest global gross domestic product will grow 3.3% in 2019 and 3.6% in 2020.
Luxembourg, 5 April 2019, 10:30 CET- ArcelorMittal has published a convening notice for its Annual General Meeting of shareholders, which will be held on 7 May 2019 at 2 p.m..
FRANKFURT/DUESSELDORF, Germany (Reuters) - Thyssenkrupp and Tata Steel see little scope for making more concessions to try to win regulatory approval for a planned joint venture, a person familiar with the matter said, casting doubt over whether the deal will go ahead. The firms, which have been working for three years on a deal that would create Europe's second-biggest steelmaker, submitted proposals to the European Commission on Monday aimed at addressing its concerns over the deal's impact on competition. Thyssenkrupp Chief Executive Guido Kerkhoff, who is currently trying to break up the elevators-to-submarines conglomerate, has in the past said it would not be a disaster if the joint venture did not go ahead.
Luxembourg, 1 April 2019, 13:45 CET - With reference to Article 19(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market.
Japan's Nippon Steel Corp, is set to bolster overseas operations, especially in fast-growing India, to bypass growing nationalism and capitalise on growth abroad as it faces shrinking demand at home. "India is the fastest-growing market in the world and our investment on Essar's operations will be our key project for this year," said Nippon Steel's new president, Eiji Hashimoto. Creditors of Essar Steel India approved a joint offer by ArcelorMittal and Nippon Steel for the debt-laden asset in October, and the two have drawn up plans to double output of the unit in coming years.
The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don't follow. Because of their pay structures, they have strong incentives to do the research necessary […]
Why Cleveland-Cliffs Stock Could See More Upside(Continued from Prior Part)Cleveland-Cliffs’ valuationAmong US steel stocks, U.S. Steel Corporation (X) and ArcelorMittal (MT), have the lowest EV1-to-EBITDA multiples of 3.7x and 4.1x,
Why Cleveland-Cliffs Stock Could See More Upside(Continued from Prior Part)Analyst sentiment Analysts’ views on Cleveland-Cliffs (CLF) have improved, with 58% of the 12 analysts covering the stock recommending “buy.” A year ago, only 30% of
Steel Companies Continue Investment Spree Even as Analysts Fret(Continued from Prior Part)US steel industryAccording to Reuters, U.S. Steel’s (X) CEO David Burritt told lawmakers at the Congressional Steel Caucus, “Now is not the time to
Why Cleveland-Cliffs Stock Could See More Upside(Continued from Prior Part)US steel production Domestic steel production is a major demand driver for Cleveland-Cliffs’ (CLF) iron ore pellets. US steel production has followed an upward trend
Why Cleveland-Cliffs Stock Could See More Upside(Continued from Prior Part)CLF’s long-term contractsMost of Cleveland-Cliffs’ (CLF) tonnage is contracted to steelmakers under long-term contracts, improving visibility and reducing volatility for