MT - ArcelorMittal
17.28 +0.19 (1.11%)
Pre-Market: 7:59AM EDT
| Previous Close | 16.10 |
| Open | 16.48 |
| Bid | 17.27 x 2200 |
| Ask | 17.18 x 4000 |
| Day's Range | 16.45 - 17.26 |
| 52 Week Range | 14.66 - 32.93 |
| Volume | 4,535,740 |
| Avg. Volume | 3,255,621 |
| Market Cap | 17.306B |
| Beta (3Y Monthly) | 2.27 |
| PE Ratio (TTM) | 3.99 |
| EPS (TTM) | 4.28 |
| Earnings Date | Feb 21, 2017 - Feb 27, 2017 |
| Forward Dividend & Yield | 0.20 (1.17%) |
| Ex-Dividend Date | 2019-05-16 |
| 1y Target Est | 29.78 |
- GlobeNewswire•10 minutes ago
Statement regarding the Crescita law decree and its potential implications for ArcelorMittal Italia
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.
- Reuters•7 days ago
ArcelorMittal boss says EU must respond further to Trump's steel tariffs
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.
- Market Realist•9 days ago
China’s May Trade Data: Mixed Bag for Metal and Mining Investors
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
- Investopedia•11 days ago
A Look Into Foreign Direct Investment Trends
Foreign direct investments play an important role as an indicator of a healthy economy in terms of economic growth and long-term capital movement.
- Zacks•15 days ago
ArcelorMittal Continues to Reduce Steel Production in Europe
ArcelorMittal (MT) witnesses higher import levels and weak market demand in Europe.
- Market Realist•21 days ago
Europe’s Woes Are Far from Over as MT Cuts Production Again
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.
Bloomberg•21 days agoSteelmaker ArcelorMittal Cuts Production on Slumping Demand
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.
Bloomberg•21 days agoEurope’s Steel Sector Is Suffering. These Charts Show Why
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.
- Associated Press•21 days ago
World's top steelmaker to cut output further in Europe
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.
- Reuters•21 days ago
ArcelorMittal takes the knife to European steel output again
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.
- GlobeNewswire•21 days ago
ArcelorMittal prepares to further reduce primary production in Europe as market weakness continues
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.
- GlobeNewswire•21 days ago
ArcelorMittal publishes first Climate Action Report
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.
- Bloomberg•22 days ago
Arcelor, Resurgent Said to Discuss Bid for Essar Power Plant
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.
- Reuters•26 days ago
Steelmaker ArcelorMittal frets over future of Mexican tax benefits
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.
- Reuters•28 days ago
EU's Vestager to brief other EU commissioners on steel market
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.
- MarketWatch•last month
U.S., Canada reach deal to end steel, aluminum tariffs and retaliatory levies
The U.S. and Canada on Friday said they have reached a deal where the U.S. will end tariffs imposed under Section 232 on imports of aluminum and steel products from Canada, while Canada will remove all tariffs imposed in retaliation. The two sides will take the step in two days and terminate World Trade Organization litigation. The two sides say they will take measures to prevent the importation of aluminum and steel that is unfairly subsidized and/or sold at dumped prices; and prevent the transshipment of aluminum and steel made outside of Canada or the United States to the other country.
- MarketWatch•last month
Steel maker stocks fall after WSJ report a deal to end tariffs on imports from Canada, Mexico was close
Steel maker stocks dropped in midday trade Friday, after The Wall Street Journal reported that U.S. trade negotiators were close to a deal with Canada and Mexico to end tariffs on steel imports. Shares of U.S. Steel Corp. fell 2.7%, Nucor Corp. shed 3.6%, Steel Dynamics Inc. gave up 2.9% and ArcelorMittal slid 3.4%. Meanwhile, the S&P 500 was down just 0.2%. Among aluminum companies, Alcoa Corp.'s stock fell 1.7% and Kaiser Aluminum Corp. declined 1.5%. The WSJ reported, citing sources, that U.S. trade negotiators were trying to reach a deal on tariffs with Canada and Mexico to "push USMCA through Congress."
- Zacks•last month
New Strong Sell Stocks for May 10th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- Zacks•last month
ArcelorMittal's (MT) Q1 Earnings Miss, Sales Top Estimates
Lower steel prices and higher raw material costs hurt ArcelorMittal's (MT) earnings in Q1.
- Market Realist•last month
Key Investor Takeaways from ArcelorMittal’s Q1 Earnings
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
Reuters•last monthSteelmaker ArcelorMittal downbeat on main Europe market
ArcelorMittal, the world's largest steelmaker, cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year. The Luxembourg-based company, which makes about 6 percent of the world's steel, announced on Monday it was temporarily reducing European steel output by 3 million tonnes on an annualised basis due to weak demand and increased imports. "Our first quarter results reflect the challenging operating environment the industry has faced in recent months," Chief Executive Officer Lakshmi Mittal said in a statement.
