MT - ArcelorMittal

NYSE - NYSE Delayed Price. Currency in USD
24.81
+0.01 (+0.04%)
At close: 4:02PM EST
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Previous Close24.80
Open24.68
Bid0.00 x 1200
Ask0.00 x 800
Day's Range24.57 - 25.00
52 Week Range23.80 - 37.50
Volume2,068,460
Avg. Volume2,735,039
Market Cap24.972B
Beta (3Y Monthly)3.36
PE Ratio (TTM)5.09
EPS (TTM)4.88
Earnings DateFeb 21, 2017 - Feb 27, 2017
Forward Dividend & Yield0.10 (0.39%)
Ex-Dividend Date2018-05-17
1y Target Est41.74
Trade prices are not sourced from all markets
  • How US Steel Companies Have Utilized Their Bumper Earnings
    Market Realist3 days ago

    How US Steel Companies Have Utilized Their Bumper Earnings

    As noted in the previous articles, US steel companies’ earnings have improved this year after Section 232 tariffs lifted US steel prices. In this article, we’ll see what companies are doing with their bumper earnings.

  • How U.S. Steel’s Free Cash Flows Look This Year
    Market Realist3 days ago

    How U.S. Steel’s Free Cash Flows Look This Year

    In this part, we’ll discuss steel companies’ third-quarter free cash flows. Free cash flow is operating cash flow minus capital expenditure. U.S. Steel (X) generated free cash flows of $164 million in the third quarter as compared to $219 million in the second quarter and $128 million in the third quarter of 2017.

  • Reuters4 days ago

    India's steel giants to focus on product mix, quality to take on ArcelorMittal

    India's two biggest private sector steel companies JSW Steel Ltd and Tata Steel Ltd are banking on their diversified product mix to take on steel giant ArcelorMittal SA as it gears up to enter the country. In October, creditors of bankrupt Essar Steel India approved a 500 billion rupee ($6.9 billion) joint offer by ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal for Essar's assets, paving the way for the first major foreign bets on steel manufacturing in India.

  • What Lies Ahead for US Steel Mills after This Year’s Windfall?
    Market Realist4 days ago

    What Lies Ahead for US Steel Mills after This Year’s Windfall?

    US steel prices rose sharply in the first half of 2018 as President Trump’s Section 232 tariffs lifted US steel prices with the benchmark HRC (hot roll coil) prices rising to a decade high. Higher spot steel prices supported US steel companies’ average selling prices (or ASP) in the last two quarters. However, spot steel prices fell last month. Although prices have stabilized after companies like Nucor (NUE) and ArcelorMittal (MT) announced price hikes, they are still below their 2018 highs.

  • Steel Companies’ Selling Prices Spike amid Trump’s Tariffs
    Market Realist4 days ago

    Steel Companies’ Selling Prices Spike amid Trump’s Tariffs

    Previously in this series, we compared steel companies’ third-quarter shipments. In this part, we’ll look at their ASP (average selling price). The ASP is a key driver of steel companies’ performance and impacts their profitability. We saw a sharp rise in steel companies’ ASP this year after President Trump’s Section 232 tariffs lifted US steel prices (SPY) to multiyear highs.

  • US Steel Demand: Is the ‘Buyer Strike’ Over?
    Market Realist5 days ago

    US Steel Demand: Is the ‘Buyer Strike’ Over?

    As noted previously, steel companies like ArcelorMittal (MT), Nucor (NUE), and AK Steel (AKS) reported lower sequential shipments in the third quarter. ArcelorMittal also pointed to “temporary market weakness in the US.” According to Steel Dynamics, “customers took a temporary purchasing hiatus in anticipation of lower transaction prices as scrap pricing dipped a little and imports moderated some.” However, Nucor’s response was a bit more nuanced.

  • Why Steel Companies’ Q3 Shipment Profile Was Disappointing
    Market Realist5 days ago

    Why Steel Companies’ Q3 Shipment Profile Was Disappointing

    Steel companies’ revenues are a function of average steel prices and shipments. In this part, we’ll compare steel companies’ third-quarter shipments.

  • Subdued Earnings: Most Steel Companies Missed Q3 Estimates
    Market Realist5 days ago

    Subdued Earnings: Most Steel Companies Missed Q3 Estimates

    We’re towards the end of the third-quarter earnings season, and all of the leading US steel producers have released their quarterly earnings. Steel Dynamics was the first major steel company to release its quarterly results on October 17. Nucor (NUE) released earnings on October 18.

  • GlobeNewswire5 days ago

    Designated person notification

    Luxembourg, 13 November 2018 - 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 abuse.

  • Why Are US Steel Stocks in a Tight Bear Grip?
    Market Realist9 days ago

    Why Are US Steel Stocks in a Tight Bear Grip?

    As we noted previously, steel stocks like AK Steel (AKS) and ArcelorMittal (MT) are trading with a year-to-date loss. Steel stocks have underperformed broader equity markets (DIA) in 2018 despite President Trump’s Section 232 tariffs. In this part, we’ll discuss the key reasons why bears love steel stocks.

  • Analysts Maintain the Status Quo on Steel Stocks
    Market Realist11 days ago

    Analysts Maintain the Status Quo on Steel Stocks

    Now, we’re towards the end of the third-quarter earnings season. Talking of steel stocks, all of the leading US steel producers have released their quarterly earnings. Steel Dynamics was the first major steel company to release its quarterly performance on October 17. Nucor’s (NUE) earnings were released on October 18.

  • Can Cleveland Cliffs’ Valuations Catch Up to Its Fundamentals?
    Market Realist12 days ago

    Can Cleveland Cliffs’ Valuations Catch Up to Its Fundamentals?

    In the final article of this series, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers (SLX). Among US (SPY) steel stocks (XME), U.S. Steel Corporation (X) and ArcelorMittal (MT) are trading at the lowest forward EV-to-EBITDA multiples of 3.06x and 3.65x, respectively. Cleveland-Cliffs, on the other hand, is trading at the highest multiple of 5.9x.

  • ArcelorMittal (MT) Gains But Lags Market: What You Should Know
    Zacks13 days ago

    ArcelorMittal (MT) Gains But Lags Market: What You Should Know

    ArcelorMittal (MT) closed at $25.52 in the latest trading session, marking a +0.08% move from the prior day.

  • The Wall Street Journal16 days ago

    [$$] Steelworkers, ArcelorMittal Reach Labor Pact

    SA reached a tentative deal on a new labor contract covering about 15,000 workers after several months of negotiations. The four-year agreement for workers includes wage increases between 3% and 4% each year and a $4,000 ratification bonus. “The proposed four-year agreement mirrors the industry standard on wages, lump-sum payments and pensions and maintains or improves our existing health-insurance benefits for active and retired Steelworkers and their dependents,” the steelworkers union said in prepared remarks.

  • Cleveland Cliffs to Benefit as US Steel Production Is on the Rise
    Market Realist16 days ago

    Cleveland Cliffs to Benefit as US Steel Production Is on the Rise

    US steel production is the key factor driving US steelmakers’ (SLX) (XME) revenues. Investors track production data to get a sense of the direction of overall volumes.

  • Could Stimulus Help Revive Chinese Steel Demand?
    Market Realist16 days ago

    Could Stimulus Help Revive Chinese Steel Demand?

    As noted in the previous article, Chinese steel production is up handsomely this year and is running at record levels. China’s car sales have fallen for three consecutive months. China is the world’s largest automotive market.

  • ArcelorMittal's (MT) Earnings Drop, Revenues Rise Y/Y in Q3
    Zacks16 days ago

    ArcelorMittal's (MT) Earnings Drop, Revenues Rise Y/Y in Q3

    ArcelorMittal's (MT) Q3 results benefit from higher steel selling prices. The company also keeps 2018 outlook unchanged citing favorable market conditions and healthy demand.

  • While Metals Plunge, Steel Production Paints a Different Picture
    Market Realist16 days ago

    While Metals Plunge, Steel Production Paints a Different Picture

    In the previous articles, we looked at indicators pertaining to the US steel industry. Steel production is a key metric that investors should track, as it gives insight into the supply side of the equation. According to the World Steel Association, global steel production rose 4.4% YoY in September.

  • The Wall Street Journal17 days ago

    [$$] European Corporate Roundup

    A divestment by ArcelorMittal and upbeat trading statements from IAG and Paddy Power Betfair were the highlights of the European corporate slate on Friday

  • The Wall Street Journal17 days ago

    [$$] ArcelorMittal Gets Offer for Benelux Assets

    (MT.AE) said Friday that it has received a binding offer from Liberty House Group for its Dudelange operation in Luxembourg and some of its finishing lines in Belgium. The deal is the final part of a divestment package agreed to by ArcelorMittal in order to gain approval from the European Commission for its acquisition of Italy’s Ilva SpA, the company said. The Belgian assets comprise ArcelorMittal’s hot-dipped galvanizing lines 4 and 5 in Flemalle and its hot-rolled pickling, cold rolling and tin packaging lines in Tilleur.

  • GlobeNewswire17 days ago

    ArcelorMittal reaches agreement with Liberty House for the sale of finishing lines in Dudelange and Liège

    The assets are the final part of a divestment package the Company agreed with the European Commission (‘EC’) during its merger control investigation into the Company’s acquisition of Ilva S.p.A (‘Ilva’).

  • US Steel Prices Stabilize after Price Hikes
    Market Realist17 days ago

    US Steel Prices Stabilize after Price Hikes

    Steel prices are the key driver of steel companies’ earnings. We saw a sharp rally in US steel prices this year after Section 232 tariffs. Steel companies like Nucor (NUE) and Steel Dynamics (STLD) are posting record earnings amid higher US steel prices. AK Steel (AKS) also posted its highest third-quarter earnings in a decade. Cleveland-Cliffs (CLF) also benefits from higher US steel prices.

  • US Steel Demand Outlook Muddied amid Fed’s Tightening
    Market Realist17 days ago

    US Steel Demand Outlook Muddied amid Fed’s Tightening

    So far in this series, we’ve looked at US steel supply indicators like domestic production and imports. Along with supply, we also need to look at steel demand indicators. In this article, we’ll look at some indicators of US steel demand (SPY).

  • Reuters18 days ago

    ArcelorMittal remains upbeat as U.S. steel tariffs drive up prices

    ArcelorMittal (MT.AS), the world's largest steelmaker, expects its financial results to improve in the coming months as global economic growth drives demand and U.S. tariffs lead to higher prices for the metal. Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion (2.11 billion pounds), roughly in-line with analyst expectations, while sales rose 5 percent to $18.5 billion. The steel market has been impacted this year by the 25 percent import tariffs put in place by U.S. President Donald Trump to try to reduce imports from China and Europe.