MT - ArcelorMittal

NYSE - NYSE Delayed Price. Currency in USD
27.17
-0.10 (-0.37%)
At close: 4:02PM EDT

27.17 0.00 (0.00%)
After hours: 4:18PM EDT

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Previous Close27.27
Open27.21
Bid26.50 x 1000
Ask0.00 x 800
Day's Range26.90 - 27.29
52 Week Range26.90 - 37.50
Volume2,302,726
Avg. Volume2,511,806
Market Cap27.643B
Beta (3Y Monthly)2.94
PE Ratio (TTM)5.25
EPS (TTM)5.18
Earnings DateFeb 21, 2017 - Feb 27, 2017
Forward Dividend & Yield0.10 (0.35%)
Ex-Dividend Date2018-05-17
1y Target Est43.27
Trade prices are not sourced from all markets
  • More Upside ahead for Cleveland-Cliffs after Solid Q3 Results
    Market Realist3 hours ago

    More Upside ahead for Cleveland-Cliffs after Solid Q3 Results

    Cleveland-Cliffs (CLF) released its third-quarter earnings before the markets opened on October 19. The company’s management held a conference call with analysts on the same day.

  • AK Steel: Key Updates to Watch in the Q3 Call
    Market Realist10 hours ago

    AK Steel: Key Updates to Watch in the Q3 Call

    AK Steel (AKS) is slated to release its third-quarter earnings on October 25. The company is scheduled to hold its earnings call on October 26. U.S. Steel Corporation (X) and ArcelorMittal (MT) are expected to release their third-quarter earnings on November 1. In this part, we’ll look at the key updates that markets will likely watch in AK Steel’s third-quarter earnings call.

  • The Wall Street Journal10 hours ago

    [$$] ArcelorMittal Gets Nod as Preferred Bidder for Essar Steel India

    said it has been selected as the preferred bidder by creditors of Essar Steel India Ltd., or ESIL, which is in insolvency proceedings. Luxembourg-based ArcelorMittal, one of the world’s largest steelmakers, said in a news release that it was informed of the decision by the creditors committee for the Indian company. ArcelorMittal said it would enter into further final negotiations with the committee.

  • Four Reasons U.S. Steel Corporation Looks Like a Decent Buy
    Market Realist10 hours ago

    Four Reasons U.S. Steel Corporation Looks Like a Decent Buy

    Is the Sell-Off in US Steel Stocks Overdone? As we saw in the previous part of this series, U.S. Steel Corporation’s (X) valuation, based on its forward EV-to-EBITDA, looks attractive and is significantly lower than Nucor (NUE), ArcelorMittal (MT), and Cleveland-Cliffs (CLF). Now let’s see whether U.S. Steel Corporation could be a decent opportunity.

  • Does US Steel Look Cheap after the Sell-Off?
    Market Realist12 hours ago

    Does US Steel Look Cheap after the Sell-Off?

    In this part of the series, we’ll do a comparative analysis of steel companies’ forward EV-to-EBITDA multiples.

  • Reuters12 hours ago

    ArcelorMittal declares force majeure for Duisburg-Ruhrort site

    FRANKFURT/DUESSELDORF (Reuters) - ArcelorMittal (MT.AS), the world's largest steelmaker, has declared force majeure for its Duisburg-Ruhrort site in Germany due to the Rhine river's low water levels, a spokesman for the group said in e-mailed comments on Monday. "The currently low water level of the Rhine means that the company has adjusted production in Ruhrort to reflect lower pig iron supplies from Thyssenkrupp (TKAG.DE)," the spokesman said. The move follows Thyssenkrupp's declaration of force majeure on Friday.

  • AK Steel: Will Its Q3 Earnings Turn Things Around?
    Market Realist13 hours ago

    AK Steel: Will Its Q3 Earnings Turn Things Around?

    The third-quarter earnings season is in full swing. Steel Dynamics and Nucor (NUE) have already released their third-quarter earnings. While Steel Dynamics managed to beat its consensus earnings estimates, Nucor’s third-quarter earnings fell short of the expectations. AK Steel (AKS) is scheduled to release its third-quarter earnings on October 25. U.S. Steel Corporation (X) and ArcelorMittal (MT) are scheduled to release their third-quarter earnings on November 1.

  • Should You Be Bottom Fishing in US Steel Stocks?
    Market Realist13 hours ago

    Should You Be Bottom Fishing in US Steel Stocks?

    Is the Sell-Off in US Steel Stocks Overdone? To sum it up, concerns over China’s slowdown and falling steel prices have been playing heavily on investors’ minds. U.S. Steel Corporation (X) and AK Steel (AKS) have fallen 19.7% and 15%, respectively, this year.

  • Billionaire Mittal Closer to India Entry as Essar Bid Favored
    Bloomberg3 days ago

    Billionaire Mittal Closer to India Entry as Essar Bid Favored

    Arcelor, controlled by billionaire Lakshmi Mittal, will now begin final negotiations with creditors, the Luxembourg-based producer said in a statement. The move by lenders comes after Arcelor on Wednesday agreed to clear about 74.69 billion rupees ($1 billion) in outstanding dues of two of its group companies to become eligible to bid for Essar.

  • Bloomberg3 days ago

    Canada Backs ArcelorMittal, Won't Rule Out U.S. Steel Quota Deal

    Navdeep Bains announced on Friday funding of up to C$49.9 million ($38 million), a mix of grants and loans, as part of a C$205 million modernization project at the Hamilton, Ontario plant of the Luxembourg-based steelmaker’s Canadian unit, ArcelorMittal Dofasco. It’s the first announcement from a C$250 million fund unveiled earlier this year to support steel, aluminum and manufacturing companies affected by the tariff standoff, Bains said, and more are coming.

  • GlobeNewswire3 days ago

    ArcelorMittal selected as H1 bidder for Essar Steel India Limited

    ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

  • ArcelorMittal Falls on 3rd-Quarter Ebitda Forecast
    GuruFocus.com3 days ago

    ArcelorMittal Falls on 3rd-Quarter Ebitda Forecast

    ArcelorMittal (MT) fell 2.92% to $27.90 per share on the New York Stock Exchange Thursday on the publication of sell-side analyst forecasts for its third-quarter Ebitda. The forecast - which is an average of 20 estimates - represents a 6.6% increase from the previous quarter and 68% growth from the prior-year quarter. Warning! GuruFocus has detected 1 Warning Sign with MT.

  • ArcelorMittal Inks Deal With Liberty House to Divest Assets
    Zacks3 days ago

    ArcelorMittal Inks Deal With Liberty House to Divest Assets

    ArcelorMittal's (MT) assets divestiture deal with Liberty House will facilitate the Ilva buyout.

  • US Steel Mills Take the Fight Head On as Prices Fall
    Market Realist4 days ago

    US Steel Mills Take the Fight Head On as Prices Fall

    Is the Sell-Off in US Steel Stocks Overdone? Steel prices are the key driver of steel companies’ earnings. Earlier this year, spot HRC (hot rolled coil) prices hit a decade high, with prices topping $900 per ton.

  • GlobeNewswire4 days ago

    ArcelorMittal announces the publication of third quarter 2018 Ebitda sell-side analyst consensus figures 

    18 October 2018 - ArcelorMittal today announces the publication of second quarter and first half 2018 EBITDA sell-side analysts’ consensus figures. The consensus figures are.

  • What Could Help Cleveland-Cliffs Reduce Its Valuation Gap?
    Market Realist4 days ago

    What Could Help Cleveland-Cliffs Reduce Its Valuation Gap?

    In this part of our series, we’ll look at Cleveland-Cliffs’s (CLF) valuation and compare it to those of its US steel peers. We’ll also look at its forward EV-to-EBITDA (enterprise value-to-EBITDA) multiples.

  • Wall Street Expects Growth in Cleveland-Cliffs’s Free Cash Flow
    Market Realist5 days ago

    Wall Street Expects Growth in Cleveland-Cliffs’s Free Cash Flow

    Cleveland-Cliffs (CLF) generated FCF of $182 million in 2017, which mostly went toward enhancing its core business, including its acquisition of the remaining minority interest in both the Tilden and Empire mines. According to the consensus compiled by Thomson Reuters, analysts expect Cliffs to generate FCF of $194 million in 2018, which implies growth of 6.5% YoY (year-over-year).

  • What Wall Street Expects for Cleveland-Cliffs’s Debt
    Market Realist5 days ago

    What Wall Street Expects for Cleveland-Cliffs’s Debt

    Cleveland-Cliffs (CLF) has come a long way with respect to its debt levels. The company’s change in management in 2014 and its focus on debt reduction have somewhat allayed investors’ concerns. During the Q2 2018 earnings call, Cleveland-Cliffs maintained that bringing its net debt below $1 billion is its second priority, after the focus on the HBI (hot-briquetted iron) plant.

  • ArcelorMittal to make $1 billion creditor payment to bid for Essar Steel
    Reuters5 days ago

    ArcelorMittal to make $1 billion creditor payment to bid for Essar Steel

    ArcelorMittal will clear overdue debt of steel firm Uttam Galva Steels and oil and gas pipeline construction services provider KSS Petron, two companies in which the world's largest steelmaker held stakes until earlier this year. The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron.

  • What Upside Is Priced into CLF’s Revenue Estimates for Q3 2018?
    Market Realist6 days ago

    What Upside Is Priced into CLF’s Revenue Estimates for Q3 2018?

    Wall Street analysts expect Cleveland-Cliffs (CLF) to generate revenue of $731 million in the third quarter, which implies a rise of 4.7% YoY (year-over-year). This expectation is the result of the company’s guidance for higher volumes along with higher spot HRC (hot-rolled coil) prices prevailing in the market compared to last year’s corresponding period. As we discussed earlier in this series, CLF expects higher volumes in the third quarter.

  • GlobeNewswire6 days ago

    ArcelorMittal takes required step to ensure its offer for Essar Steel is eligible

    17 October 2018 – ArcelorMittal (‘the Company’) announces that, in-line with the Indian Supreme Court ruling dated 4 October 2018, it has approved a payment of 7,469 crore rupees (c. $1 billion) to the financial creditors of Uttam Galva and KSS Petron to clear overdue debts in order that the offer it submitted for Essar Steel India Limited (‘ESIL’) on 2 April 2018 is eligible and can be considered by ESIL’s Committee of Creditors (‘CoC’). ArcelorMittal’s Board of Directors believes that ESIL represents a unique and compelling opportunity for the Company to establish a significant footprint, with substantial expansion potential, in the high-growth Indian steel market.

  • Reuters6 days ago

    ArcelorMittal factory in Spain evacuated after fire

    MADRID (Reuters) - A fire broke out at an ArcelorMittal factory in northern Spain on Tuesday, prompting an evacuation but causing no injuries, the world's largest steel producer said on Twitter. Fire services ...

  • Will CLF’s Momentum on Wall Street Stay Positive after Q3 2018?
    Market Realist6 days ago

    Will CLF’s Momentum on Wall Street Stay Positive after Q3 2018?

    Cleveland-Cliffs (CLF) stock has received six upgrades (including initiations) and just one downgrade in 2018 so far.

  • Why Cleveland-Cliffs’s US Volumes Could Grow in Q3 2018
    Market Realist7 days ago

    Why Cleveland-Cliffs’s US Volumes Could Grow in Q3 2018

    Cleveland-Cliffs (CLF) reported volumes of ~6 million long tons for its US (DIA) iron ore (or USIO) division for Q2 2018. The volumes during the quarter reflect a YoY (year-over-year) increase of 38%. The primary reasons for the increase in volumes were increased customer demand and change in the method of sales recognition.

  • The Wall Street Journal7 days ago

    [$$] Steelworkers, U.S. Steel Reach Tentative Contract Agreement

    Corp. struck a tentative agreement for a new labor contract covering at least 14,000 workers, breaking a three-year wage freeze. On a company website dedicated to the negotiations, U.S. Steel touted increases in base wages over a six-year term.