22.42 -0.66 (-2.86%)
Pre-Market: 7:32AM EST
|Bid||22.40 x 3100|
|Ask||22.43 x 1000|
|Day's Range||22.74 - 23.10|
|52 Week Range||19.50 - 36.52|
|Beta (3Y Monthly)||2.53|
|PE Ratio (TTM)||4.58|
|Earnings Date||Feb 21, 2017 - Feb 27, 2017|
|Forward Dividend & Yield||0.10 (0.45%)|
|1y Target Est||36.75|
Luxembourg, 19 February 2019 - ArcelorMittal announces the completion of its share buyback programme on 15 February 2019. ArcelorMittal has repurchased 4 million shares for a.
The non-binding offer from the world’s largest steel producer to lenders of the 1,200-megawatt power plant in the central Indian state of Madhya Pradesh compares with a 35 billion-rupee settlement offer made by Essar’s founders -- Shashi Ruia and Ravi Ruia -- the people said asking not to be named, as the discussions are private. The Ruias and steel tycoon Lakshmi Mittal are slugging it out before India’s courts to gain control of Essar Steel India Ltd., after ArcelorMittal emerged as the winning bidder to buy the alloy maker.
ArcelorMittal SA, the world's biggest steelmaker, has bid 48 billion rupees (520.67 million pounds) to acquire Essar's 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group's power portfolio. The bid for the power plant once again pits ArcelorMittal chief Lakshmi Mittal against the Ruia family, who are already fighting to prevent their flagship steel asset from falling into the hands of the global steel giant. Essar's creditors are selling many of the group's assets to recover billions of dollars of loans, leaving Essar Group with little say over who buys the assets.
NEW YORK, Feb. 13, 2019 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ArcelorMittal ("ArcelorMittal" or the "Company") (NYSE: MT). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. On February 8, 2019, ArcelorMittal announced that the Company had evacuated a Brazilian town of about 200 inhabitants near one of its dams in the state of Minas Gerais after conducting more rigorous inspections of the structure. On this news, ArcelorMittal's American depositary receipt price fell $0.91, or 3.98%, to close at $21.98 on February 8, 2019. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation.
Steel Companies’ Q4 Earnings: Gains and Losses(Continued from Prior Part)Global slowdown Previously in this series, we discussed steel companies’ fourth-quarter shipments and 2019 guidance. In this part, we’ll discuss steel
Steel Companies’ Q4 Earnings: Gains and Losses(Continued from Prior Part)US steel producers Last year, steel companies including Nucor and Steel Dynamics posted record earnings. Tariffs lifted US steel prices to multiyear highs. In this part,
Steel Companies’ Q4 Earnings: Gains and Losses(Continued from Prior Part)Shipments Steel companies’ revenues are a function of average steel prices and shipments. In this part, we’ll compare steel companies’ fourth-quarter shipments.
Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of ArcelorMittal (“ArcelorMittal” or the “Company”) (MT). The investigation concerns whether ArcelorMittal and certain of its officers and/or directors have violated federal securities laws. On February 8, 2019, ArcelorMittal announced that the Company had evacuated a Brazilian town of about 200 inhabitants near one of its dams in the state of Minas Gerais after conducting more rigorous inspections of the structure. On this news, ArcelorMittal’s American depositary receipt price fell $0.91, or 3.98%, to close at $21.98 on February 8, 2019.
Steel Companies’ Q4 Earnings: Gains and LossesSteel companies’ fourth-quarter earningsWe’re getting towards the end of the fourth-quarter earnings season. All of the leading US steel producers have released their quarterly earnings. Steel
Q4 Earnings: Why Cleveland-Cliffs’ Upside Could Be Far from Over(Continued from Prior Part)HBI plantAfter Cleveland-Cliffs’s (CLF) debt repayment concerns were taken care of, it started refocusing on growth. It is currently in the process of
Q4 Earnings: Why Cleveland-Cliffs’ Upside Could Be Far from Over(Continued from Prior Part)Realized prices for mining and pelletizing Cleveland-Cliffs’ (CLF) Mining and Pelletizing (or M&P) segment’s realized revenues are influenced by
Q4 Earnings: Why Cleveland-Cliffs’ Upside Could Be Far from Over(Continued from Prior Part)Mining and Pelletizing Cleveland-Cliffs (CLF) renamed its US iron ore division the “Mining and Pelletizing” (or M&P) division, and the HBI
ArcelorMittal's (MT) Q4 results gain from higher average steel selling prices and improved market-priced iron ore shipments amid lower steel shipments.
Why Is Cleveland-Cliffs Stock Soaring Even after 4Q Miss?Cleveland-Cliffs’ Q4 2018 results Cleveland-Cliffs (CLF) released its fourth-quarter earnings today before the markets opened. It reported adjusted EPS of $0.55, which missed earnings
Miner ArcelorMittal said in a written statement on Friday that it evacuated a Brazilian town of about 200 inhabitants near one of its dams in Minas Gerais state after conducting more rigorous inspections ...
What’s in the Cards for Cleveland-Cliffs' Q4 Results?(Continued from Prior Part)Cleveland-Cliffs’ valuationAmong major US (SPY) steel stocks (XME), U.S. Steel (X) and ArcelorMittal (MT) are trading at the lowest forward EV-to-EBITDA multiples of
Inhabitants of the Brazilian city of Itatiaiuçu in the state of Minas Gerais have been evacuated as a Arcelor Mittal dam is at risk, firefighters said on Friday. They did not explain what type of risk ...
ArcelorMittal SA, the world’s largest steelmaker, posted its highest annual profit in almost decade on Thursday, helped by the U.S. steel tariffs that boosted revenue in the company’s large North American business. ArcelorMittal predicted growth in global steel consumption would fall this year and many analysts believe that the industry faces challenges as the global economy slows. Demand in China, in particular, is expected to contract, which could also mean the country’s own steel products will end up competing abroad.
What’s in the Cards for Cleveland-Cliffs' Q4 Results?(Continued from Prior Part)Realized revenues Along with volumes, realized revenues are among the most important components that drive a commodity company’s top line. Realized prices also help
ArcelorMittal, as well as smaller European producers like Salzgitter AG and Voestalpine AG, are sounding the alarm about weakening conditions, particularly in China. Demand in the U.S. and Europe will grow at a slower pace this year, ArcelorMittal said. “Whether the ultimate outcome is a bit more positive clearly depends on possible additional stimulus measures in China” and the potential for a trade truce with the U.S., said Commerzbank AG analyst Ingo Schachel.
ArcelorMittal, the world's largest steelmaker, forecast on Thursday a moderate expansion in global steel demand in 2019 after a healthy market drove its 2018 earnings to their highest in a decade. Excluding China - where ArcelorMittal has a minimal presence - global growth would be 2-3 percent, compared with 2.1 percent in 2018, he said. ArcelorMittal shares fell after an initial rise and were trading down 3.2 percent at 20.59 euros at 1030 GMT.
ArcelorMittal, the world's largest steelmaker, on Thursday forecast a slight expansion of global steel demand in 2019 after a healthy market drove its earnings to their highest level in a decade last year. The company said it expected world steel demand to grow by between 0.5 and 1 percent this year after an increase of 2.8 percent in 2018. Demand, it said, would improve in all regions except China, the world's biggest producer and consumer of steel, where ArcelorMittal has a minimal presence.
The steel industry is at the heart of trade tensions between the US and China, which have engaged in a tit-for-tat with tariffs on a wide range of goods following President Donald Trump’s imposition of heavy duties on metal imports last year. This was an increase of 22 per cent and its best showing since 2009. Revenue climbed 10.7 per cent to $76bn.
7 February 2019 - ArcelorMittal today announces a share buyback program (the ‘Program’) under the authorization given by the annual general meeting of shareholders held on May.
Luxembourg, February 7, 2019 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading.